Numerous factors are contributing to the present strain on alternative cryptocurrencies. Venture funds that heavily invested in recent years are now feeling the pressure to sell their assets in order to realize profits. This selling pressure is further intensified by planned unlocks and distributions, resulting in an augmented supply of coins and tokens. As an illustration, Solana experiences a daily increase in supply of 75,000 coins, which is approximately $10 million at current prices. Similarly, the Ethereum Layer-2 network Arbitrum (ARB) is encountering a substantial surge in supply, causing its price to approach all-time lows despite its market capitalization growth. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.
