Cryptocurrency analysis company IntoTheBlock announced the altcoin projects in which investors suffered the most losses in its latest chart.
According to the data, the leader is Algorand (ALGO), where 91% of token holders are at a loss, according to onchain data.
Then, Sandbox (SAND) and Arbitrum (ARB) come in second and third place, with investors losing 84.58% and 83.43%, respectively.
The entire list is shaped as follows, including the proportion of token holders who are at a loss, according to onchain data:
- Algorand (ALGO) – 91%
- Sandbox (SAND) – 84.58%
- Arbitrum (ARB) – 83.43%
- Axie Infinity (AXS) – 79.04%
- Chiliz (CHZ) – 69.43%
- Cardano (ADA) – 60.01%
- Aave (AAVE) – 55.21%
- Lido DAO (LDO) – 55.01%
- Uniswap (UNI) – 52.02%
- Chainlink (LINK) – 48.35%
However, there are currently significant declines in the overall cryptocurrency market from the recently reached peaks. Bitcoin price had to fall below $60,000 and fell almost 5% on the day.
On the Ethereum side, the situation looks a little more negative. The world's largest altcoin has fallen 6.65% in the last 24 hours. BNB, the second largest altcoin, has not recovered sufficiently and lost 3% of its value during the day, despite the fact that former Binance CEO Changpeng Zhao was sentenced to less than expected prison time.
*This is not investment advice.
