Bitcoin's month-long decline is dragging the broader altcoin complex down with it — and several majors are giving back two to three times what BTC has lost over the same window.
BCH leads the tape at -45.9% to $247.89, followed by PENGU at -40.7% to $0.006756. PI and PEPE are tied at -27.8%, with ADA at -27.6%, VET at -27.0%, BONK at -26.8% and ETH at -26.5% to $1,759. TAO (-25.4%) and ARB (-25.3%) round out the ten deepest drawdowns tracked by CryptoRank.
Why it matters
BTC's decline has set the tone, but altcoin beta is doing what altcoin beta does in a risk-off tape: amplifying the move. The spread between BTC's drawdown and the deepest altcoin losses is the kind of divergence that historically marks the late stage of a flush — when thinner liquidity and lower-cap names give back multiples of the index move, while majors like ETH track closer to BTC's pace.
Market impact
The list skews heavily toward high-beta names — memecoins (PENGU, PEPE, BONK), newer L1s (PI, ADA) and DeFi infrastructure (ARB) — categories that typically lead on the way down because they led on the way up. ETH's -26.5% landing in the middle of the table, rather than at the bottom, is the cleanest read on this tape: majors are catching a relative bid while speculative pockets continue to flush.
Watch whether BCH and PENGU stabilize first — they're the two deepest, and a hold there is often the first signal the rotation is exhausting.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAI31Wohi3JVHNidxbkDvHNj2IWnIFCAAALbGWsb9PoJSbnhEhVfdMcDAQADAgADeQADOwQ)
Frequently asked questions
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Which altcoins have lost the most during the current crypto market decline?
BCH leads at -45.9% to $247.89, followed by PENGU at -40.7%. PI and PEPE are both down 27.8%, with ADA, VET, BONK, ETH, TAO and ARB rounding out the ten deepest drawdowns tracked by CryptoRank.
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How much has Bitcoin dropped during this selloff?
Bitcoin has been declining for roughly a month, with the broader altcoin complex giving back two to three times what BTC has lost over the same window.
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Why are altcoins falling harder than Bitcoin right now?
Altcoin beta is amplifying BTC's move — thinner liquidity and lower-cap names give back multiples of the index decline, while majors like ETH track closer to BTC's pace.
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What categories of altcoins are leading the decline?
The deepest losses skew toward high-beta names: memecoins (PENGU, PEPE, BONK), newer L1s (PI, ADA) and DeFi infrastructure (ARB) — categories that typically lead on the way down because they led on the way up.
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What would signal the altcoin selloff is exhausting?
A stabilization in the two deepest drawdowns — BCH and PENGU — is often the first signal the rotation is exhausting and that a relative bottom may be forming.
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