Numerous factors are playing a role in the mounting pressure on altcoins. Venture capital firms that made substantial investments in recent years are now feeling the heat to offload their assets in order to realize profits. This selling pressure is being compounded by scheduled unlocks and distributions, resulting in a surge in the supply of coins and tokens. For instance, Solana’s daily supply is expanding by 75,000 coins, which is approximately worth $10 million based on current market prices. Similarly, Arbitrum (ARB), a Layer-2 network for Ethereum, is experiencing a notable increase in supply, causing its price to plummet to nearly all-time lows despite its expanding market cap. Stay updated on the latest financial and business developments by visiting COINTURK FINANCE.
