Several factors are currently influencing the downward pressure on altcoins. Venture capital firms, which made substantial investments in recent years, are now under pressure to liquidate their holdings and realize profits. This selling pressure is further intensified by scheduled unlocks and distributions, which are flooding the market with additional coins and tokens. For instance, Solana experiences a daily supply increase of 75,000 coins, valued at approximately $10 million at current market rates. Similarly, Arbitrum (ARB), a Layer-2 solution on the Ethereum network, is grappling with a significant rise in its supply, contributing to a decline in its price despite an increase in its market capitalization. For the latest updates on finance and business news, visit COINTURK FINANCE.
