Reported 11 months ago
While Bitcoin and Ethereum are close to their yearly highs, altcoin investors are facing challenges with major cryptocurrencies like SOL, AVAX, APT, and SUI seeing significant corrections. Venture funds are selling tokens to realize profits, lack of fresh inflows to crypto markets is impacting tokens with looming unlocks and new token programs, and high dilution in altcoins due to constant sell pressure. The market is going through a consolidation phase, with larger digital assets faring better than smaller cryptocurrencies experiencing brutal corrections.
Source: YAHOO