AltLayer lost 36.58 percent in a single day and fell to $0.0082, IOST dropped 26 percent, and Huma Finance shed 13.7 percent — while Bitcoin was down “only” 3.25 percent over the same stretch. Three tokens that looked like solid portfolio components on Thursday morning were in the “do not open this tab in front of family” category by midnight.
AltLayer (ALT) — down 36.58 percent, the day’s worst decline
What is AltLayer?
AltLayer is a protocol for launching rollups — separate execution layers running on top of Ethereum and other networks. The premise is that projects no longer need to build a chain from scratch; they rent infrastructure, pay in tokens and launch an application. For years AltLayer was one of those projects everybody cited as “an important infrastructure layer” while few could explain what that actually meant for the price. This week provided a fairly clear answer.
Why is it falling?
ALT dropped from $0.0133 to $0.0082, with a daily low of $0.0075. Volume of $80.98 million exceeded the entire $60.5 million market cap — a rare level where effectively the whole circulating supply turns over in one day. That pattern almost always means one of two things: a large holder exited through several orders, or a leveraged position was liquidated and dragged a chain of stop-losses along. Price also broke the lower bound of recent weeks, and the token now sits 98.8 percent below its ATH of $0.6767. For a project that was among the most mentioned names in the modular narrative in 2024, this is a chart that has lost nearly all of its value.
IOST — down 26.08 percent and back to levels that hurt
What is IOST?
IOST is a first-generation blockchain, launched in 2018 as an “internet of services” — a network optimized for high transaction throughput using a consensus mechanism called Proof of Believability. At one point it belonged to an exclusive club of projects that raised serious capital and promised to replace Ethereum. Eight years later, IOST ranks 656th by market capitalization, with $29.7 million in value and 36 billion tokens in circulation.
Why is it falling?
IOST fell from $0.00112 to $0.00082, down 26.08 percent, on $44.2 million in volume against a $29.7 million market cap. The ratio again exceeds one — more turnover than the token is even worth. For projects with such a large and spendthrift supply, every larger exit has a disproportionate effect on price, because the market’s absorption capacity is minimal. IOST is now 99.36 percent below its ATH of $0.1298 — one of the deepest drawdowns among tokens from the ICO era. A notable detail: the ATL of $0.000525 was set in August, so the current level sits barely above it. The token is, practically speaking, at a historic floor and still falling.
Huma Finance (HUMA) — down 13.72 percent, the least painful of the three
What is Huma Finance?
Huma Finance is a protocol for tokenized lending and “payfi” — payments and real-world financing on the blockchain. The model is built on future cash flows, such as receivables from card processors or payroll, serving as collateral for short-term loans. It is one of the few DeFi projects that does not try to invent a new form of savings but instead tackles the boring yet real problem of liquidity in the payment chain.
Why is it falling?
HUMA fell from $0.0306 to $0.0258, down 13.72 percent, with a daily low almost identical to the closing price — which suggests steady selling rather than one panicked hole. Volume of $15.85 million against a $44.7 million market cap is not extreme, so the decline can be attributed to a combination of broad market weakness and the fact that the token sits 77.7 percent below its ATH of $0.1156 with no fresh catalyst. Huma’s circulating supply is 1.73 billion out of 10 billion tokens — nearly 83 percent of supply is not yet on the market, and every future unlock is a question the market prices in advance.
What connects the three
All three tokens have volume greater than or close to the value of their entire market cap. That is no coincidence — it is the definition of a day when the market is not trading, it is exiting. And while the day’s winners had a clear catalyst in the form of short squeezes and concentrated buying, the losers fell without news of their own: Bitcoin losing 3.25 percent was enough, because in such conditions the thinnest liquidity breaks first. AltLayer, IOST and Huma did not fall because their technology stopped working — they fell because they were the easiest to sell.
Financial data
| AltLayer (ALT) | Price: $0.00821772 | 24h: −36.58% | MCap: $60.54M | 24h vol: $80.98M | Circulating: 7.37B ALT | Total supply: 10B | ATH: $0.676743 (−98.8%) | ATL: $0.00536566 (Jun 6, 2026) |
| IOST (IOST) | Price: $0.00082462 | 24h: −26.08% | MCap: $29.72M | 24h vol: $44.18M | Circulating: 36.04B IOST | Total supply: 36.04B | ATH: $0.129829 (−99.4%) | ATL: $0.00052573 (Aug 19, 2026) |
| Huma Finance (HUMA) | Price: $0.02580487 | 24h: −13.72% | MCap: $44.73M | 24h vol: $15.85M | Circulating: 1.73B HUMA | Total supply: 10B | ATH: $0.115647 (−77.7%) | ATL: $0.01107715 (Feb 26, 2026) |
| Reference | BTC: $81,328 (−3.25%) | ETH: $2,386.76 (−3.41%) | BTC ATH: $126,080 (−35.5%) |
Source: CoinGecko, October 23, 2026, 00:00 UTC. Price and volume data change hour to hour. This article is not investment advice and does not constitute a recommendation to buy or sell any of the tokens mentioned.