Watch Out: These Are The 10 Altcoins With The Most Loss-making Traders In The Market Right Now, According To Data

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:

  1. Algorand (ALGO) – 91%
  2. Sandbox (SAND) – 84.58%
  3. Arbitrum (ARB) – 83.43%
  4. Axie Infinity (AXS) – 79.04%
  5. Chiliz (CHZ) – 69.43%
  6. Cardano (ADA) – 60.01%
  7. Aave (AAVE) – 55.21%
  8. Lido DAO (LDO) – 55.01%
  9. Uniswap (UNI) – 52.02%
  10. 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.