From another perspective, it's also good to accelerate the washing process and build a bottom of emotions as soon as possible. Now when people go to buy coins again, they will really wonder, is this thing valuable? Has the project not made any profit yet, and does it have a clear value reward for the coin price if it has made money? What exactly is blue chip currency? Previously, bad coins drove out good coins, flooded the market, and valuations were completely unbelievable and divorced from the reality. Many projects, not to mention making money, could easily obtain a large amount of financing from VC firms with just one idea or testing website, and then build relationships to send money to large institutions before throwing it at leeks. How happy it was then, how painful it will be now. Every bear market is paying off debts for the bull market's foam. A thorough de foam is absolutely good for the emergence of new and healthy projects. At least for this cycle, there will be Hype on my bottom fishing list, which can be considered as a project with fundamentals, revenue, profit models, and expectations. This can also be considered as industry progress. Of course, I still think it's a bit expensive now. Let's wait for a golden pit. If the next cycle is all Solid projects, the cows will still come, and they will be more robust.