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June 23, 2025

Ethereum Takes the Lead as Altcoins Plummet

The cryptocurrency market faces a major shift. Binance reports a staggering 75% drop in altcoin trading volumes, plummeting from 1.57 quadrillion to just 387 trillion units between November 2024 and May 2025. As traders search for stability, capital flows predominantly toward Ethereum (ETH), which maintains impressive trading volumes between 300 and 490 trillion units. As a result, Ethereum’s market share reaches multi-year highs, indicating that many investors view it as a safer haven amid market turbulence. This trend raises questions about the future of altcoins and the strength of Ethereum in this evolving market landscape.

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