In recent months, 19 cryptocurrencies, notably deemed unregistered securities by the Securities and Exchange Commission (SEC), experienced a dramatic dip in their combined market value, shedding roughly $20 billion.

These tokens included Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS), Chiliz (CHZ), Near (NEAR), Flow (FLOW), Internet Computer (ICP), Voyager Token (VGX), Dash (DASH), Cosmos (ATOM), Binance Coin (BNB), Binance USD (BUSD), COTI (COTI), and Nexo (NEXO).

However, contrary to expectations, these tokens have witnessed a noticeable upswing in trading volumes since mid-June. The backdrop of this unexpected rise lies in the June lawsuits that the SEC filed against top exchanges, Binance and Coinbase Global Inc.

The repercussions were severe, and the implicated tokens bore the brunt. But the crypto realm often defies the norm. 

Resilient Recovery Amid Regulatory Woes

Just two months after the significant blow to their market cap, these 19 digital tokens have started exhibiting signs of recovery, at least in trading volumes. Bloomberg reported citing Data from CCData which suggests that their cumulative trading share has escalated by roughly two percentage points, pegging it at about

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Author: Samuel Edyme

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