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Wu Says reports that according to data platform CryptoRank, the number of active cryptocurrency investors (mainly institutional or venture capital participants) globally in the second quarter of 2026 has dropped to 651, far below the all-time high (ATH) of 2,564 in 2022.
This figure is only higher than the level in the same period of 2020 (quarterly participants between 250 and 450), hitting a new low in nearly six years. The analysis points out that this trend indicates venture capital in the cryptocurrency space is increasingly concentrated among a few professional investment groups, while overall market participation remains far below the peak levels of the previous cycle.