10.5% ๐ผ๐ณ ๐๐ฐ๐๐ถ๐๐ฒ ๐๐ฟ๐๐ฝ๐๐ผ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐ฐ๐ถ๐ฒ๐ ๐๐ฎ๐๐ฒ ๐๐ถ๐๐ฎ๐ฝ๐ฝ๐ฒ๐ฎ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐๐๐๐ 2 ๐ ๐ผ๐ป๐๐ต๐!
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The altcoin market has undergone a massive cleanup over the past two months, according to data from CoinMarketCap.
This means that more than 1 in every 10 projects simply ceased to exist or were delisted. ๐ชฆ
๐ก What explains this?
- Shutdown of failed projects
- Scams and rug pulls eliminated
- Liquidation of illiquid tokens
- Exit of irrelevant projects after the bear market from January to April 2025
- Restructuring and migration of projects to other networks or business models
โ ยฉ coinmarketcap
