"Shanzhai Festival", 1,400 types of altcoins are no longer active! 💀📉
CoinMarketCap data shows that over 1,400 types of altcoins have become inactive—due to reasons such as delisting from exchanges, low trading volume, and low public interest.
This is actually a bullish signal, as the 'Shanzhai Festival' of junk tokens often gives birth to a real 'altcoin season' (as shown in the picture). Among the millions of tokens issued, only a very few have real value; even in an altcoin season, tokens lacking fundamentals have little chance of rising.