Crypto Observer Highlights a Massive Altcoins Supply in Q1 2024

• Thor Hartvigsen observed a massive increase in altcoins supply in the past four months.
• Hartvigsen noted an $8.6 billion additional liquidity supply injected into the crypto market this year
• The observer expects more tokens to launch in the crypto space later this year.

Thor Hartvigsen, a famous crypto personality, observed a massive increase in altcoins supply in the past four months. In a recent post on X, Hartvigsen noted an $8.6 billion additional liquidity supply injected into the crypto market this year. According to him, crypto projects will unlock $70.5 billion more liquidity in the coming years.

We're 4 months into the year and have already seen a massive increase in the supply of altcoins.

Made a list of the ones I can remember from the top of my head.

This is ALREADY $8.6b in additional liquid supply injected into the market.

And $70.5b in total unlocked over the… pic.twitter.com/ep7f0fu0ZW

— Thor Hartvigsen (@ThorHartvigsen) April 27, 2024

Meanwhile, Hartvigsen highlighted that the average float in market capitalization and fully diluted valuation (FDV) of the newly launched tokens is a mere 13.6%. He considers this “the tip of the iceberg,” con…

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