While altcoins, led by Bitcoin, have experienced a major decline since April, many investors have suffered losses in this gradual decline.
However, some altcoins disappointed their investors with the huge decline they experienced. At this point, Intotheblock explained in its post which altcoin investors suffered the most.
Accordingly, the first place on the list was Algorand (ALGO), the project once praised by SEC Chairman Gary Gensler. 91% of ALGO investors are at a loss. 2% are currently at break-even, while only 7% have made a profit.
In second place was the popular metaverse project The Sandbox (SAND). Accordingly, 84.5% of SAND investors are at a loss.
In third place is the altcoin project Arbitrum (ARB), which has not yet seen a bull. Accordingly, 83.4% of ARB investors are at a loss.
ALGO, SAND and ARB were followed by Axie Infinity (AXS,) Chiliz (CHZ), Cardano (ADA), Aave (AAVE), Lido DAO (LDO), Uniswap (UNI) and Chainlink (LINK).
“This chart shows the top altcoin projects whose investors suffered the most losses.
Algorand tops the list, with 91% of its investors suffering losses.
Arbitrum, Sandbox and Axie Infinity are close to each other in the rankings of losses, and approximately 80% of their investors are at a loss.
“Despite major losses, these assets can present great opportunities as long as they show strong fundamentals and signs of on-chain activity and growth.”
*This is not investment advice.