"Top 10 Altcoins with the Highest Percentage of Investors in the Red
According to on-chain data, Algorand (ALGO) leads the pack with a staggering 91% of token holders experiencing losses. Sandbox (SAND) and Arbitrum (ARB) follow closely, with 84.58% and 83.43% of investors in the red, respectively. The full list of altcoins with the highest percentage of investors experiencing losses is as follows:
1. Algorand (ALGO) - 91%
2. Sandbox (SAND) - 84.58%
3. Arbitrum (ARB) - 83.43%
4. Axie Infinity (AXS) - 79.04%
5. Chiliz (CHZ) - 69.43%
6. Cardano (ADA) - 60.01%
7. Lido DAO (LDO) - 55.01%
8. Uniswap (UNI) - 52.02%
This data comes amidst a broader market downturn, with Bitcoin (BTC) falling 5% to below $60,000 and Ethereum (ETH) plummeting 6.65% in the last 24 hours. Other major cryptocurrencies like BNB, Toncoin, Dogecoin, Shiba Inu, Avalanche, Solana, and XRP also experienced significant declines. As the market prepares for key economic data and the Federal Reserve's interest rate decision, investors are bracing for further volatility."
