Analyst Flags Underperforming Altcoin Chains After $2.6B Raised but Just $65K in Weekly Fees

An analyst review of viral blockchain data finds several altcoin networks that collectively raised about $2.6 billion now generate only around $65,000 in weekly fees, roughly $3.4 million per year, alongside weak user activity. In a recent video breakdown, Nick Valdez examined Celestia, Sei, Sonic, Monad and Algorand, highlighting low on-chain revenue, technical resistance zones and significant token unlock overhangs for some projects, while noting a potential bounce setup for Algorand.