Analysis: Cryptocurrency saw $380 billion wiped out in a single week, with about $131 billion coming from altcoins

Of the $380 billion in market capitalization wiped out during this market downturn, approximately $131 billion came from altcoins. This crash has raised questions about the future of the altcoin ecosystem. Traders and market makers see structural support for these tokens eroding, buyers shrinking, and risk aversion rising. The unprecedented speed and scale of this event may mark a definitive break from the frenzied era of 1,000% surges without justification.