The reason why altcoin season has not come.

Is because the essence of altcoins is no different from that of meme coins. The wealth effect of meme coins is greater than that of altcoins.

Therefore, most of the money, aside from valuable coins, has flowed into memes.

There hasn't been a build-up of liquidity for altcoins and VC coins.

In the previous version, meme coins did not have as strong a consensus among newcomers as they do now. So the crypto space is now about distinguishing the genuine from the false. It is not about distinguishing the genuine from the empty!