@1u033pbwc
Web3’s Q1 $1.67B security losses suppress overall crypto valuations. Frequent hacks erode investor trust, especially in DeFi projects. Funds shift to safer assets like BTC/ETH, dragging altcoin valuations. This pressure persists as incidents expose systemic flaws—until better security protocols and insurance mechanisms mature, market risk premiums stay elevated, limiting valuation upside.
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