$WRX
Regarding the delisting of WRX, my first thought is that the previous bull market rose too high, creating a wealth effect. Those who missed the boat have hoarded a large amount of WRX at a low cost during this bear market, preparing to wait for a huge explosion of WRX in the next bull market to achieve returns of dozens or even hundreds of times, believing that this method of betting small for big is relatively safe. This has led to too much dispersion of chips outside, making it unprofitable for the big players to pull up the price, so they might as well delist it.
Success cannot be replicated; it depends on luck or strength. In the last round of accumulating coins and pulling up prices, many people achieved financial freedom, with several turning tens of thousands into millions or even tens of millions. There are even cases of turning 100,000 into several billion. Remember, in the last bull market, funds were abundant, USDT was continuously issued, and various altcoins flourished; it is very difficult for such a situation to occur in this bull market. The development of self-media has caused a serious diversion of funds in the crypto space, with funds being harvested or evaporated by various unconventional methods, and tens of millions of small coins acting like a black hole, consuming the funds in the crypto space. The overall purchasing power of altcoins is less than 30% of what it was in the past, so a major outburst of altcoins is very difficult.
The opportunities for altcoins on exchanges have gone to new coins; everyone understands this. Institutional players pulling up prices have no buyers, and once they are listed, they can only swing the sickle to cut the leeks. In this vicious cycle, no one can change it. Of course, those with skills can still profit; managing your trading carefully and establishing a trading system that suits you, while constantly improving your trading level, is the reality everyone needs to face. Only by doing so can one survive in this market.