Let me tell a classic story for the newcomers: Do you still remember when the Terra ecosystem collapsed? That forked coin, LUNC, still has a market cap of $200 million today. Every now and then, you’ll see it jump a bit—those who don’t understand might think it’s about to take off, but those in the know are well aware: this kind of “dead cat bounce” pump is often just a signal for another round of dumping.

The altcoin scene nowadays is nothing like it was a few years ago. Back then, at least you’d see DeFi, Layer 2, or metaverse sectors taking turns to rally. Now? Most of them are just cash machines for the whales. Liquidity has been sucked into a few major coins, and the remaining retail investors are left to fight among themselves in this pile of projects. If you really want to get involved, remember to control your position size—don’t bet your life savings on it.