More than 40 percent of altcoins are currently trading at or close to their all time lows as of March 30, 2026, based on data shared by analyst Darkfost. The scale of this decline has now exceeded the levels seen during the previous bear market, raising fresh concerns about liquidity and demand across the crypto sector.
There are now over 47 million tokens across major blockchain networks, which has spread available liquidity more thinly than in earlier stages of the cycle.
Altcoins Face Mounting Pressure
In a post on X, Darkfost explained that selling pressure on altcoins has intensified compared to earlier in the current cycle. More than 40 percent of these assets are nearing record lows, compared to about 38 percent during the peak of the last bear market.
The analyst attributed this weakness to a mix of macroeconomic challenges and structural issues within the crypto market. Geopolitical instability in the Middle East and volatility in traditional financial markets have further weighed on risk assets, including cryptocurrencies.
Darkfost also pointed to the rapid increase in the number of tokens as a key factor. The market now includes more than 47 million tokens, with around 22 million on Solana, over 18 million on Base, and about 4 million on the BNB Smart Chain. This expansion has diluted liquidity, as capital is spread across a much wider range of assets, leaving smaller tokens with limited trading activity and weaker price support.
Market Data Confirms Broad Weakness
This view aligns with insights from analyst Wise Crypto, who previously noted that the total altcoin market capitalization had fallen below 1 trillion dollars. During this period, Ethereum briefly dropped under 2,000 dollars, Solana declined by around 12 percent within two days, and several high volatility tokens experienced even steeper losses.
According to Wise Crypto, while a few assets showed gains, the overall trend indicated that liquidity was flowing out of the altcoin market.
Market sentiment has also deteriorated significantly. The Crypto Fear and Greed Index currently stands at 8, signaling extreme fear. It has remained in this range for nearly two months, reflecting reduced participation and weaker conviction among traders.
Despite this, some short term recovery has appeared. Ethereum has gained around 3 percent in the past 24 hours, trading slightly above 2,000 dollars. Solana has risen by more than 2 percent over the same period, although it remains down over the past week. Tokens such as Jupiter, Zcash, and Shiba Inu recorded daily gains between 6 percent and 8 percent. Meanwhile, Bitcoin Cash, Kaspa, and Hyperliquid posted losses ranging from 4 percent to 6 percent.
Outlook Remains Uncertain
Darkfost stopped short of declaring a market bottom but noted that similar periods of extreme underperformance in the past have created opportunities for investors who can identify stronger projects.
A comparable perspective has been shared by the analytics firm Santiment, which has observed that Bitcoin and the broader market often move against prevailing sentiment when fear reaches extreme levels.
Looking ahead, upcoming economic events in the United States could introduce additional volatility. These include the March jobs report and a speech by Jerome Powell. Both have historically influenced crypto markets. With sentiment already low and altcoins.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
