Binance has once again delisted a bunch of cryptocurrencies, the most notable of which is VGX, which has gradually become a hot topic.

In fact, this is the nth time @binancezh and the neighboring exchange have removed and cleaned up their tokens recently.

Through these delistings, we can indeed see one thing: the current crypto market is not only lacking in narrative, but also lacking in money.

1. There is a lack of a strong narrative, or the previous narrative is not told much and cannot be expanded, resulting in the token's operational potential being greatly insufficient, no hot spots to be created, and no buying volume to be activated.

2. The project owner is no longer able to find the market to maintain its market value, or does not have the ability to maintain its market value, resulting in the daily activity and daily trading volume on the market having dropped to a certain level, its liquidity is seriously lacking, and the market situation is ugly.

3. For a token project to be listed on Binan or OK, the initial listing cost and operating cost are actually not low. Now the project that has been operated with great effort is being taken off the shelves. It is more likely that the value of its token is low. Secondly, it is really because there is no energy and money to maintain it. After all, it takes a lot of "silent" capital to maintain it in the current market.

4. Bad money drives out good money, VC coins, huge amounts of unlocking and other token projects have been clearly revealed this time. Although these have existed in previous bull and bear markets, they would not cause resentment at worst, especially in the previous market, there were still many loyal "Hloders" who held on to tokens. However, this round, VC coins and huge amounts of unlocking have indeed caused fermentation, and many retail investors have also realized that if the target is not right, holding on to it is actually tantamount to suicide.

Gradually, no one is paying for this type of project. Now it is more like a cooling-off period as the dividend tide of the crypto market recedes. It is very clear who is left exposed, and it is also the beginning of the market cleansing.

5. My principle is not to be extremely exclusive of market makers and VCs. The crypto market needs not only solid technology, but also a business model that understands operation. Mature VCs or market makers can make valuable projects explode with more potential. However, the crypto market was over-marketized before, and now it needs to go through a process of "value return", which is also in line with the process of a market moving from immaturity to maturity. The growth of a teenager is bound to experience a lot of pain, but for the sake of future glory and a better position, all this is worth it. Although the process is painful, the future is more promising.

6. I personally feel that this feeling is far from enough. I also expect that there will be a large-scale "revolution" in the crypto market, so that bad money will drive out good money and reverse the situation, and clean up the market. After all, every "dying" token that is dormant in the market has locked up some funds and some traders. If such a revolution and cleanup can occur, I will have greater confidence in the future bull market of the crypto market.