The token issuance platform sector has become extremely aesthetically fatigued at this point. This kind of competition will lead to a decline in the narrative around memes. Previously, people bought memes for the narrative and community, but now there are almost 8 platforms for each SOL. Although many have died, it somewhat signals a top. In the end, it has turned into a matter of watching the market makers and the platform's strength. Does it really matter which platform issues a token? How many can a platform actually manage? Can it manage countless tokens?
Returning to altcoins, several friends who recently made money on Ethereum have lost it all back in altcoins, including but not limited to popular altcoins like Doge, SOL, and Pepe. This reflects extremely low sentiment in the market. To break through further, both on-chain and off-chain efforts are needed. Relying solely on Wall Street buying might only lead to sideways movement here. The current market sentiment is sporadically erupting, and judging by the number of messages in the group, it indicates a low point in sentiment.
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