The biggest progress in crypto this cycle is that retail investors have completely lost their illusions about so-called 'king projects.' No matter if it's backed by top VCs or led by Binance, none of that matters anymore. People would rather play with memes than become bag holders for new VC coins. Even though Binance keeps listing new coins, market funds are no longer blindly jumping in. CZ's shilling effect is starting to fade, and it's only a matter of time before people lose faith in CZ too (it's just how things go). Instead, the market is beginning to focus on tokens with revenue and regular buybacks. Retail funds are no longer scattered across random projects but are concentrating on major hype projects like $ZEC, $AAVE, and $NEAR. This could actually trigger a wealth creation effect. Then, sectors will start rotating—after the first batch of top projects, the market will look for the next wave of hype. This is the real altcoin season we've been waiting for.