A rebound is often the last escape window for altcoin holders.

The reality of this market is quite harsh—creating a coin is almost zero threshold, as long as you maintain a good relationship with the exchange, there are almost no substantial review barriers. You can go live easily.

The套路 (套路) over the past few years has completely changed. The old cycle of吸筹 (accumulation), controlling the market,拉升 (pumping), distributing, and then吸筹 again has been replaced by a more brutal chain—发币 (issuing coins), selling coins, and immediately issuing the next coin. Cycle after cycle.

The lifecycle of altcoins is getting shorter and shorter. There are always new projects, more eye-catching concepts, and more aggressive pump strategies emerging constantly. It’s like a self-reinforcing cycle: old coins fade away, new coins are born, and participants repeatedly switch between them, trying to seize every rebound opportunity. The market is never short of stories, only short of long-term value accumulation.