While Bitcoin bounced back above $90,000 after a brief dip, several altcoins are taking a serious beating in early March 2025.
Arbitrum (ARB) has been particularly painful to watch, plummeting 12.32% in the past month alone. It’s now trading at a measly $0.38. Ouch. A staggering 99% of holders are currently underwater on their investment. Not exactly the moon shot many were hoping for.
Arbitrum’s been trapped in a nasty descending trendline for three months straight. Long-term holders are looking at a 30% loss according to the MVRV ratio.
Still, some analysts project ARB could reach between $0.75 and $3.0 by year’s end. Believe that when you see it. This comes after ARB previously saw a 9% surge when it was listed on Robinhood.
Flare (FLR) isn’t faring much better. The project is set to release a whopping $28.76 million worth of tokens on March 11, representing nearly 3% of the circulating supply.
About $12.13 million will go to community rewards through FlareDrop. The price has nosedived from $0.03840 to $0.01575 since December. That’s what we call a bloodbath.
There is a glimmer of hope, though. Flare has formed a falling wedge pattern, which sometimes precedes a bounce. Sometimes.
Pi Network takes the cake for disappointment. It crashed to $1.3960, its lowest point since February 2023. The network plans to release over 1.4 billion tokens this year. This decline comes as Trump’s executive order establishes a strategic Bitcoin Reserve that excludes smaller altcoins like Pi.
More supply, less demand. Basic economics at work. It’s broken below the $1.5337 support level and formed a bearish pennant pattern. Next stop? Probably $1.00.
All this is happening while the broader market struggles with volatility. Bitcoin dipped below $83,000 earlier this month before rebounding.
Ethereum’s hovering above $2,000, down 18.2% in a week.
The one bright spot? Trump’s re-election signals a pro-crypto stance, with clearer regulations potentially coming. About 60% of investors believe crypto values will rise under his administration.
For now, though, these altcoins continue to bleed.
