【Once a market value of tens of millions was a hundred times coin, but now it has become a harvesting machine!】
Today I took a glance at Binance's gainers list and suddenly felt a bit dazed.
Coins like TOWNS and COS, with a market value of 10 to 20 million USD, are now prominently listed on Binance's spot market.
Back in the 2018–2021 era, if a project with this market value could get listed on Binance, it basically meant it was going to take off.
The logic back then was simple:
Market value of 10–30 million USD = whales are ready to pump.
Not to mention, starting at 10x, 20x was not a dream.
And now?
The same market value, the same story, but the plot has completely changed—
Launch → pump for a wave → then it's just crazy unloading.
In the end, what remains is the familiar line:
“Thank you all for picking up the tab, wishing everyone prosperity.”
The most unfortunate are still us, sitting in front of the screen, who will forever believe in the “next hundred times coin.”
But joking aside, the current market structure has indeed changed.
Will there still be a bull market for altcoins in the future?
I believe there will be, but the logic is completely different now.
In this cycle, it is very likely that a reality will emerge:
90% of altcoins will gradually go to zero, with only a very few projects truly surviving.
Because funds in the current market have been dispersed too much:
1. ETFs have siphoned off some of the funds
2. Mainstream assets are becoming stronger
3. Exchanges are starting to list US stock assets
4. The entire market's attention is constantly being diverted
In such an environment, future trends may no longer be a “comprehensive altcoin bull market,” but more like:
A structural market for a few quality projects.
So to survive in the crypto space, one may really have to face one phrase:
Choice is far greater than effort.
Choosing the right track, choosing the right project, choosing the right cycle,
may be more important than monitoring the market for 18 hours.
Sometimes I can't help but sigh:
Does the crypto world still have a future?
Perhaps the answer is yes.
It's just that this future may not belong to everyone