Record Losses Push Large-Cap Altcoins Out of Favor

The appeal of large-cap altcoins like Ethereum (ETH), Solana (SOL), and XRP is waning among crypto investors as they grapple with significant losses. These assets, once favored by many smaller investors, have seen their prices fall below levels seen at the start of the year. On-chain data reveals that investors are increasingly realizing substantial losses. The question now is whether these coins can recover what has been lost.