The cryptocurrency market is in a dire state, with many altcoins experiencing severe losses. A recent analysis by IntoTheBlock reveals that 96% of TON crypto holders are down, 97% of Aerodrome Finance investors are hurting, and 98% of Optimism (OP) holders are in the red. The total market cap has taken a hit, with CoinMarketCap pegging it at $2.5 trillion.
However, on-chain data suggests that some altcoins may be stronger than their prices indicate. For example, TON crypto’s 96% of wallets underwater might actually be more resilient than its price tag suggests. Similarly, Aerodrome Finance and Optimism have seen steady transaction volumes despite a decline in active addresses.
Despite these positive on-chain metrics, the market remains under pressure due to macro factors such as trade wars, recession fears, and an executive order to establish a strategic Bitcoin reserve. The overall market is expected to continue navigating internal and external pressures, leaving its fate uncertain.
While the data paints a sobering picture, it’s worth noting that some altcoins may be poised for recovery. As the market continues to fluctuate, only time will tell if these coins can bounce back or sustain their losses.
Source: https://www.thecoinrepublic.com/2025/03/15/ton-aero-op-holders-face-losses-can-altcoin-market-recover