The non-fungible token (NFT) market has experienced a tumultuous period, with a staggering 96% of NFT projects deemed "dead" as the sector struggles with speculation and volatility. This comes after the initial hype and heavy investment in the space, which has now been followed by significant downturns.

Cryptocurrency investors have also been closely watching the performance of Bitcoin ETFs, with reports indicating that outflows have surpassed $1 billion in just 8 days. This suggests a potential cooling of investor appetite for crypto-related investment products.

Meanwhile, the so-called "altcoin season" has been a topic of discussion, with some market observers suggesting that the conditions for a widespread altcoin rally may not be present yet, despite the renewed chatter on social media platforms. The article also touches on the recent sell-off by a Solana whale holding $66 million in assets, as well as the upcoming Tron (TRX) rally that some traders are anticipating.

Source: https://crypto.aabeyllc.com/96-of-nfts-deemed-dead-as-market-struggles-with-speculation-and-volatility/

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