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<ul class="news-points"> 
 <li>Altcoin spot instrument delistings skyrocketed during the month of June, according to a tweet by Crypto Sensei.</li> 
 <li>The month of June saw more altcoin delistings than during the FTX meltdown of November 2022.</li> 
 <li>Technical indicators for the total altcoin market cap suggested that altcoins may continue to suffer in the next 2 days.</li> 
</ul> 
A crypto analyst and trader, Crypto Sensei, shared in a post on <a href="https://twitter.com/cryptosenseiXBT/status/1673600365227560960" target="_blank" rel="nofollow">Twitter</a> yesterday that the number of altcoin spot instrument delistings skyrocketed during the month of June. According to the post, there were about 441 delistings throughout the past 30 days. 
It is worth noting that June saw more of these delisings than during the FTX collapse back in November of 2022. During this time, there were only about 280 instruments that got delisted. 
Although the latest regulatory crackdown by the <a href="https://coinedition.com/tag/sec/">SEC</a> could be to blame for this “altcoin cleansing” in the crypto space, Crypto Sensei also mentioned that the high number of delistings were caused by the removal of projects with no use case. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img decoding="async" src="https://www.tradingview.com/x/rpQQP62a/" alt="Daily chart for total altcoin market cap">
 <figcaption class="wp-element-caption">
 Daily chart for total altcoin market cap (Source: <a href="https://www.tradingview.com/x/rpQQP62a/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
From a technical point of view, the total altcoin market cap dropped below the key support…
The post <a rel="nofollow" href="https://coinedition.com/statistics-indicate-that-altcoin-delistings-surged-in-june/">Statistics Indicate That Altcoin Delistings Surged In June</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Statistics Indicate That Altcoin Delistings Surged In June

Coin Edition

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