Trading volume for major altcoins such as Ethereum (ETH) and Solana (SOL) has reached its highest level since the FTX crash.
On-chain analysis platform Santiment, cryptocurrency market Since the FTX crash its recovery and the direction in which the money is flowing. mentioned. Data shows Bitcoin and major altcoins have fallen since the FTX crash highest transaction volume He showed that he had achieved it.
During the upward wave that has continued since October last year, the main volume was divided among the major altcoins. Among these major altcoins Ethereum, solana, Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT) And Ripple (XRP) took place.
Although investors following the upward wave breast coins Although they occasionally turned to risky assets such as , the general idea was to invest in altcoins, which are considered heavier.
Santimen made the following statement on the subject:
With the cryptocurrency market heading for new highs and many altcoin market caps surpassing levels last seen in 2021 or 2022, large-cap project trading volumes have reached their highest level since the FTX crash. Bitcoin in particular has seen significant demand on both exchanges and Spot ETFs.