2026-01-15 11:37:56

Wondering why there's been no real alt season this cycle? The data tells the story. 11.6 million coins have completely died off. Think about that number for a second—but that's just what officially turned to zero. The actual count of projects that launched? Far beyond that.

Here's what actually happened: each of those failed tokens sucked away liquidity, user attention, and capital that could've gone elsewhere. You've got a bloated token ecosystem competing for the same finite pool of retail interest and investment. It's not about whether altcoins can pump anymore—it's about the market share being so fractured across thousands of tokens that the concentration needed for a real "alt season" just doesn't exist like it used to. The capital that moves now gets spread across too many bets.

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GasWastingMaximalist

· 1h ago

Really, 11.6 million coins are gone and it's not over yet; most projects haven't even been counted.

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DegenDreamer

· 7h ago

1. 11.6 million coins have died, and that's just the official data. The real number is several times higher. This ecosystem is completely rotten. 2. Basically, the retail investors are scattered, and no one can concentrate their efforts to push a single coin. 3. Liquidity has been drained, no wonder there's no alt season—markets are too fragmented. 4. The days of working together to pump the market are gone; now it's just retail investors tearing each other down. 5. It sounds like capital is too dispersed, and there's no narrative to bring everyone together. 6. That's why I only play top-tier coins now—there are just too many trash projects. 7. A bunch of dead coins are draining blood, and the rest are leftovers; no wonder there hasn't been a decent alt season this round. 8. So, is the key the concentration of liquidity? Then small coins will never turn around. 9. The market is so fragmented—do you still expect an alt season? Wake up. 10. The death of 11.6 million coins isn't the real issue; the real problem is that capital attention has been divided.

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ApeShotFirst

· 8h ago

Haha, that's why I lost everything... Retail investors' funds are scattered all over, no wonder there's no real Alt season. --- 11.6M dead coins? Feels like it's still not enough; I've seen even more trash projects sucking blood... --- So everyone is betting on crappy coins, no wonder no one is making money. This market is really rotten. --- Exactly right, liquidity fragmentation is the Achilles' heel. No matter how much capital there is, it can't save this situation. --- I'm that retail investor whose attention is being distracted... I go all-in on every coin a little, and end up losing everything. --- I've seen through it long ago; 99% of the projects launched now are traps set in advance.

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GasFeeCrier

· 8h ago

11.6 million dead coins, the market has been sliced apart like this, no wonder there's no alt season

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MoodFollowsPrice

· 8h ago

11.6 million dead coins? They really messed up, no wonder there's no real copycat season.

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OnChainArchaeologist

· 8h ago

Really, 11.6 million dead coins are just the tip of the iceberg... the market is being diluted beyond recognition --- Retail investors are still dreaming of an alt season, but as a result, liquidity has been completely drained by these trash coins --- Is that all? Thousands of coins competing for the same pool of money, making it impossible to build momentum --- To put it simply, there are too many tokens and too little money, making a concentrated breakout impossible --- Every failed project is stealing capital that should belong to promising coins, which is a real vicious cycle --- The market has become so fragmented, wanting an alt season like before? Difficult, really difficult --- Many people are still betting on small-cap coins, not realizing that the market has already been split into pieces

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GateUser-0717ab66

· 8h ago

So many dead coins, no wonder there's no real big market movement; the market is too fragmented.

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WhaleWatcher

· 8h ago

11.6 million coins have died... To be honest, I've been tired of it for a long time, and retail investors are still waiting for the alt season. Retail investors' money is limited, spread across thousands of coins, making the explosive growth of previous years impossible. This cycle is broken, there's nothing more to say.

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