Biggest Losers: Hyperliquid, XRP, Dogecoin
Sole Gainer: Ethereum
The is grim. According to analysts, over 40% of altcoins are now sitting near their all-time lows. This level is even higher than the previous bear market peak of 38%. Altcoins like ETH, Solana, and Cardano are down roughly 40% from their highs, while meme coins have taken even steeper cuts. Dogecoin is off about 45%, and PEPE has shed around 53%.
One key reason analysts point to is that there are now over 47 million cryptocurrencies in existence, around 22 million on Solana alone. It is splitting liquidity so thin that most altcoins simply cannot hold support.
Riya Sehgal, Research Analyst, Delta Exchange said, “ shows relative weakness, facing resistance at $2,080-$2,100. A sustained breakout above these levels is required to shift structure bullish; otherwise, downside risk remains.”
WazirX Markets Desk elaborated, “In altcoins, Chainlink (LINK) leads gains with a 4.1% rise. Layer 2 tokens show strong momentum, with Boba Network (BOBA) up 10.2% and Celer (CELR) advancing 9.32%. In other segments, Nomina (NOM) surges 41.72%, while Impossible Finance (IF) posts a modest 3.20% gain. “