38% Near All-Time Lows, Worse Than FTX Collapse

38% of Altcoins Near All-Time Lows

The crypto market faces a historic crash: nearly 38% of altcoins have edged closer to their all-time lows, surpassing the severity of the FTX collapse, according to Coin Bureau.

Well, the largest altcoin wipeout of this cycle exposes the vulnerability of smaller tokens, as many fall sharply below peak values. Yet, amid US–Israel and Iran tensions, Bitcoin and major altcoins are holding strong, defying broader market fears.

Data from Whitelist Media provides further insight, revealing the top crypto drawdowns from all-time highs (ATHs):

• Cardano (ADA): −90.7%

• Dogecoin (DOGE): −86.9%

• Chainlink (LINK): −82.8%

• Solana (SOL): −70.0%

Cardano, now at $0.2669 per CoinCodex data, exemplifies how far altcoins have fallen from their peak.

Deep Drawdowns Experienced Across the Crypto Market

Even major crypto giants aren’t spared from steep declines:

• Bitcoin (BTC): −46.4% from ATH

• Ethereum (ETH): −59.2%

• XRP: −61.4%

• BNB: −54.0%

• Tron (TRX): −34.6%

• Hyperliquid (HYPE): −47.4%

These numbers underscore the crypto market’s extreme volatility and the risks inherent in altcoin investing. While long-term holders have historically seen rewards, such drawdowns highlight that stability is far from guaranteed.

On a positive note, Ripple CEO Brad Garlinghouse indicates that the CLARITY Act could be on the horizon, offering much-needed regulatory guidance, a move that could reshape investor confidence in the sector.

Market analysts attribute the altcoin slump to tightening monetary policies, reduced investor risk appetite, and a rotation from speculative tokens to established assets. The sharp declines in coins like ADA, DOGE, and LINK highlight the vulnerability of hype-driven projects during broader market stress.

Some experts, however, see this as a potential accumulation window for long-term investors targeting fundamentally strong projects. 

While short-term volatility remains high, historical trends suggest that strategic positioning during deep drawdowns can generate substantial gains when the market rebounds.

For now, nearly 40% of altcoins are trading near all-time lows, marking one of the harshest downturns in crypto history, worse even than the FTX collapse. The crypto community faces a critical period of uncertainty, but also opportunity for those ready to navigate it wisely.

Conclusion

With almost four in ten altcoins trading close to all-time lows, this downturn, even deeper than the FTX fallout, exposes which projects were speculative and which have real staying power. 

Losses are severe, but the shakeout also creates selective buying windows; for traders and long-term holders alike, rigorous evaluation of fundamentals, on-chain metrics, and strict risk management are essential.