‘Crypto Winter’ Arrives Early For The Altcoin Market As Venture Capital, Founder Selloffs Mount
Summary
The altcoin market is experiencing a "crypto winter" as early investors and founders sell off tokens. Token unlocks by venture capitalists and founders, combined with selling pressure from correlation with major network tokens, have led to downside price reflexivity. Tokens like DYDX, AVAX, and PYTH have seen significant declines due to unlocking. Since Bitcoin's all-time high, only 12 out of the top 90 non-stablecoin assets have posted positive returns. The market is characterized by a lack of liquidity and surplus of unlocked tokens, leading to downward pressure on prices.
