Arkham Reports Most Altcoins Have Experienced 60% Losses – Can ETF Hype Spark a Positive Shift?

According to Arkham's data, the majority of altcoins have seen significant declines in the past year, highlighting a challenging landscape for many cryptocurrencies. Despite this, there remains potential for growth through upcoming ETF (Exchange-Traded Fund) hype.

Key Takeaways

Arkham's analysis reveals that more altcoins have fallen by over 60% than those that have gained in the past year.
Over 300 cryptocurrencies, including notable ones like Dogwifhat [WIF] and Shiba Inu [SHIB], have suffered declines between 30% and 60%. This indicates that more than half the altcoin market may currently be struggling.
Bitcoin’s market dominance has remained stable around 60%, suggesting there is still potential for altcoin recovery.
The recent hype surrounding ETFs could potentially benefit selected altcoins, including Solana [SOL] and XRP.

Altcoins Source: Arkham

Arkham warns most altcoins have lost 60% - Will ETF hype be positive?

The Impact of ETF Hype on Market Sentiment

The disappointing performance of altcoins is not entirely unexpected. The overall Altcoin Season Index (ASI) saw a steep decline in the first half of 2025, dropping from nearly 90% to around 10%. This downturn followed a rally prompted by the U.S. elections at the end of 2024. The bearish trend was further fueled by tariff conflicts.

Nevertheless, a resurgence in altcoin prices occurred in Q2 2025, gaining traction from July to September due to an improved macroeconomic environment. Unfortunately, this momentum was dampened by an October flash crash and renewed tariff disputes between the U.S. and China. While the tariff situation has since been resolved, the aftermath of the flash crash has limited risk-taking among investors, causing the ASI to shift from an “altcoin season” to a neutral stance.

Altcoins Source: Blockchain Centre

Bitcoin continues to maintain a market dominance of about 60%, suggesting that the altcoin sector still has opportunities for growth.

Potential Growth from ETF Buzz

Could ETF excitement serve as a springboard for specific altcoins like Solana [SOL] and XRP? Notably, the SOL ETF achieved record-breaking inflows during its first week. However, despite this achievement, SOL’s price has remained range-bound between $180 and $200.

altcoins Source: SOL/USDT, TradingView

XRP has also faced challenges, struggling to maintain its value below $2.7 as it awaits a series of ETF approvals. However, both SOL and XRP are witnessing positive options data that suggest a neutral to bullish outlook in the near term.

Beyond these ETF-related candidates, altcoins like Chainlink [LINK] and Artificial Superintelligence Alliance [FET] have attracted considerable attention, evidenced by large accumulation trends or significant outflows from the Binance exchange.

Altcoins Source: CryptoQuant