Part 5/13:
Altcoins bore the brunt of this collapse: Ethereum tumbled 21%, XRP, Solana, and Dogecoin each plunged between 20% and 30%, and even smaller tokens like Cardano, Chainlink, and Ave suffered losses up to 40%. Such widespread decline starkly illustrated the event’s severity.
Anatomy of the Crash: Leverage, Timing, and Infrastructure Failures
The reasons behind this catastrophic decline are multifaceted. The primary factors include an extreme buildup of leverage, poor timing, and technical infrastructure shortcomings.