#山寨币突破 In the world of cryptocurrency, the "altcoin season" was once an exhilarating wealth frenzy. The ICO boom of 2017 saw countless altcoin projects claiming to be blockchain-based springing up like mushrooms after rain. The enthusiasm for DeFi and NFTs in 2021 further pushed the altcoin season to its peak, with many tokens lacking any real value surging in market capitalization due to speculative hype. Stories of hundred-fold gains were rampant, attracting a large number of investors to jump in.

However, the glory days of the altcoin season in the cryptocurrency market are long gone. With increasing regulatory scrutiny, many pump-and-dump projects have been exposed, leaving investors with significant losses. Most of the previously hyped altcoins have seen their prices plummet, with some even going to zero. When the tide goes out, we only then know who has been swimming naked; the false prosperity of altcoins has been thoroughly exposed, leaving behind a mess and making people acutely aware of the high risks and uncertainties in the cryptocurrency market.