38% of altcoins hovering near all-time lows, analyst says

An estimated 38% of altcoins are hovering near their all-time lows, a level CryptoQuant analyst Darkfost says is worse than the post-FTX crash. He describes the market as “unfavorable” for risk-on assets and notes investors remain cautious and continue to lose interest in altcoins.

For comparison, the metric reached 35% in April 2025 and 37.8% just after the FTX crash. Examples include Cardano’s ADA, about $0.10 above its all-time low of $0.17; Polkadot, which hit a $1.13 low in February but is now up 33% from that point; and Polygon, trading roughly $0.02 above its $0.08 all-time low.

Darkfost says liquidity is being siphoned from altcoins into equities and commodities, and the Total3 market-cap metric has retraced to November 2024 levels. Altcoin trading volumes and social interest have cooled. Daily crypto trading hit over $417 billion on Oct.

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