The large retreat of altcoin liquidity, the market directly enters a new bull market for new listings!?
The new listings are incredibly hot, and altcoins are bleeding profusely!
Yesterday, the buidlpad new listing once again exceeded ten times profit, Legion was overwhelmed, and the day before yesterday, Kaito Launch was completely filled to the brim, with nearly a hundred times oversubscription likely not even leaving a drop for others.
But clearly, the money in the market seems to be much more than expected;
However, this money is currently only being used to purchase strong narratives and new listings, and is no longer buying weak narratives, leading to a large retreat of altcoin liquidity:
What is a weak narrative: concepts that everyone keeps shouting about but are lukewarm, such as AI and RWA.
What is the current strong narrative: only PerpDex!
It’s quite painful for those still holding onto altcoins waiting for the altcoin season; those who missed the good opportunities during the recent rise, after this wave of new listing wealth effect kicks in, it’s likely to be so hot that the wealth effect will disappear, and funds and attention will only return to altcoins then!
At that time, I wonder if everyone can still hold on! It’s really tough for us!
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