The current stablecoin scale has reached 164 billion U, a historical high, indicating that global purple gold is still willing to enter the market. However, these purple golds mainly purchase Bitcoin and Sol, followed by Ethereum, and the incremental purple gold that originally belonged to the altcoin sector was eaten up by the meme sector, so the altcoin sector as a whole did not explode because there was no new large-scale purple gold entering the market.