A growing number of altcoins are nearing historic lows as negative sentiment continues to grip the crypto market. According to analysis from CryptoQuant analyst Darkfost, roughly 38% of altcoins are currently trading at or near their all-time low prices, a situation even more severe than the aftermath of the FTX collapse.

The broader downturn traces back to the October 2025 market crash, when Bitcoin lost more than 50% of its value from its all-time high, wiping hundreds of billions of dollars from the altcoin market. Social sentiment has also deteriorated sharply, with data from Santiment showing that mentions of altcoins on social platforms have fallen to their lowest level in two years.