Massive Losses for 89% of Holders of Gensler-Endorsed Crypto Token, Only 8% Reap Profits
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- Algorand (ALGO) investors are facing significant losses, with a staggering 89% of holders currently underwater.
- Only 8% of ALGO investors are in profit at the current price of $0.1818.
- Despite previous praise from SEC Chair Gary Gensler, ALGO has struggled in the recent crypto market downturn.
Amidst a crypto market downturn, Algorand (ALGO) investors are facing significant losses, with 89% of holders currently underwater. Despite previous praise from SEC Chair Gary Gensler, ALGO struggles to stay afloat.
Algorand Holders Face Significant Losses
As the crypto market experiences a downturn, crypto investors feel the heat, particularly those holding Algorand (ALGO), Gary Gensler’s praised project. Data from the analytics platform IntoTheBlock shows that 89% of ALGO holders are at a loss. These investors are “out of the money,” meaning the overwhelming majority of ALGO investors hold the asset below the price they first bought them.
Only 8% of ALGO Investors in Profit
ALGO trades at $0.1818 at press time, with a 5% gain in the last 24 hours. At this market val... Read the full article for FREE at COINOTAG!
