There is a very unsettling thing to think about: the frequency of wallet IDOs and Alpha airdrops seems to have become particularly frequent in these two months, almost achieving one project every 3 to 5 days. At first, I thought this was a benefit for the 'retail investors', but given the current market situation, with each project based on a basic circulation of 50 million market cap, the market has absorbed at least 1 billion in selling pressure over the past two months. Not to mention the projects that haven't launched yet in the second half of the year, and some major projects coming directly... You wonder if retail investors have made money, but only they would know...

Using the above conclusion to infer, the market's capital isn't very enthusiastic right now, and could even be in a state of outflow. In such a situation, can we still expect the altcoin season to come? I believe that after this month, everyone should have a clear understanding.

What I want to say is that the current prosperous scene may just be a continuation of on-chain P2P, and does not signify that a 'bull market' is coming; rather, in this situation, it is very likely to create something even more astonishing with changes in the external financial markets….