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Altcoins lose $200B as Solana's tokenized assets hit $4.8B amid market uncertainty.

Market News
08 Nov 2026, 19:00 WIB
AMBCrypto
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Neutral
Altcoins lose $200B as Solana's tokenized assets hit $4.8B amid market uncertainty.

Altcoins have dropped over $200 billion in market capitalization, losing more than 62.5% of gains made between mid-August and September, driven by macroeconomic uncertainty and rising interest rates. Over 70% of altcoins, including Solana, have fallen below their 200-day moving average, signaling bearish market control. Despite this, Solana's tokenized real-world assets market reached a new peak of $4.8 billion, led by tokenized funds, showing strong adoption potential. Traders hope Solana's growing RWA market could help it outperform the broader weak altcoin market, though Bitcoin's bullish trend is also needed for stronger momentum.

Solana trades at Rp1.610.118 on Pluang with a slight 0.66% drop as of Nov 09, 2026 00:21 WIB, reflecting cautious investor sentiment despite its tokenized real-world assets market reaching $4.8 billion. The platform shows a market cap of Rp956,49T for Solana and a strong buy interest at 69%, indicating ongoing confidence in its potential. Meanwhile, Bitcoin holds steady at Rp1.368.506.800 with a minor 0.20% decline, supporting hopes for broader market momentum.

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