This kind of news is just to fool the retail investors,

What about generating 600,000 new tokens in just one month,

What about over 30 million tokens?

To be honest, it doesn't really affect the cryptocurrency market.

99.9% of people in the crypto circle only trade on exchanges,

Only 0.01% of people consider themselves exceptionally gifted, mining on the blockchain.

In other words, in the crypto circle, among a hundred people, not even one goes to trade on the blockchain; perhaps only one in two hundred might become a big player on-chain, along with those self-proclaimed smart KOLs.

Six or seven years ago, everyone in the crypto circle knew that the goal of issuing tokens was to get listed, especially on major exchanges; being listed on OKEx and Binance means you've officially entered the system, truly circulating in the market, genuinely a clone.

Binance adds at most 5 or 6 new tokens each month, sometimes just 1 or 2.

You can create 600,000 or 700,000 tokens, but only 5 get listed,

It's tougher than crossing a single wooden bridge with a thousand troops; it's harder than the college entrance exam in the 1980s.

What's the point of releasing these news articles to scare new retail investors every day?

Are they saying that more tokens mean more clones?

Every round of bull market has more clones than the previous one.

As an exchange, this digital bank, isn't it just controlling the liquidity of the market? Exchanges delist many old coins every year; those with no liquidity and projects that have run away will be delisted. Conversely, many new coins are listed every year, but overall, the increase is slow. For example, if 30 coins are delisted and 50 are listed in a year, that’s just an increase of 20 tokens.

Exchanges will definitely maintain balance; if the market were as chaotic as on-chain, they would have gone bankrupt long ago. Exchanges care about this market even more than retail investors do; they are the real perpetual earners. They hope for a super bull market to attract more newcomers and more funds, so they can earn more transaction fees. The market is tricky, and they are even more anxious than we are!

So, those worthless tokens on-chain, in this era where anyone can issue tokens, whether it’s tens of millions, hundreds of millions, or billions of tokens, what does it have to do with us retail investors? What does it have to do with exchanges? What does it have to do with the market? Only 0.01% can seize market liquidity on-chain.

Retail investors won't go on-chain to mine; only fools would. So the clones, whether on-chain or from exchanges, are still limited, and they don’t affect the arrival of a bull market at all!