The recent altcoin market cleanup has eliminated around 10.5% of active cryptocurrencies since March, with approximately 1,000 crypto projects disappearing. This significant shakeout has removed weak projects, scams, and illiquid tokens from the market.

*Reasons Behind the Market Cleanup:*

- *Failed Experiments and Abandoned Teams*: Projects that failed to deliver or were abandoned by their teams have ceased to exist.

- *Scams and Lack of Liquidity*: Outright scams and tokens with no meaningful volume have been removed.

- *Extended Bear Market*: The prolonged bear market between January and April 2025 forced projects to exit, pivot, or restructure.

*Impact on the Industry:*

- *Natural Selection*: This cleanup is a maturation process, filtering out hype-driven tokens and leaving stronger projects with real use cases.

- *Increased Resilience*: The shakeout will lead to a more resilient market landscape, with adaptable and well-capitalized projects positioned to survive.

- *New Risks for Investors*: While presenting new risks for short-term investors, this trend signals progress for the crypto space.

*Expert Insights:*

- Analyst Kosta Gushterov believes this market cleanup is net positive, leading to a more robust market ecosystem.

- Recent market volatility has seen significant liquidations, with institutions like Blackrock and MicroStrategy buying up cheap tokens.

*Current Market Status:*

- The global crypto market cap is around $3.24 trillion, with a 0.22% increase over the last day.

- Bitcoin dominance is at 63.7%, while Ethereum dominance is at 9.3%.

- The total cryptocurrency trading volume in the last day is around $86.59 billion ¹.#cryptouniverseofficial #PCEMarketWatch #ElonMuskDOGEDeparture