It's not that there's no money, but rather that there's no interest in speculating on shoddy projects;

Take a look at the gains of crypto stocks in the US market, and then see how PLAN B has turned Bitcoin into Bitcoin ETFs;

Now, the head effect in the crypto circle is obvious, while the tail end basically can't reap any dividends, so after speculating on the top (Bitcoin), there are only about three promising options left.