Altcoin Market Sees Record Drawdown Exceeding Last Bear Market

According to data shared by analyst Darkfost, over 40% of altcoins are currently trading at or near their all-time lows as of March 30, 2026. This is a significant increase from the last bear market, where about 38% of altcoins reached similar lows.

The growing number of tokens in the market, estimated to be over 47 million, has contributed to this situation. Darkfost notes that the increased competition for liquidity has led to smaller tokens struggling with trading activity and price support.