Secondly, the motivation for pumping and dumping classical tokens. There have been changes in many sectors recently. For example, LTC surged some time ago, although the rise of Latiao is related to the expectation of "halving".

LTC will be halved in August 2023. As a result, it has gained more than 30% in the past 30 days, becoming the 13th largest cryptocurrency by market capitalization. In contrast, LTC's performance was much more dazzling. During the same period, Bitcoin fell by 17% and Ethereum fell by 15%. However, it is worth noting that LTC is not the only currency that will be halved at the same time next year. DASH will even be halved two months earlier than LTC, but DASH is not as strong as LTC.

In addition, in the past seven days, most of the projects leading the token gains are WAN (Wanwei Chain), NEW (Newton), DNA (Metaverse), RIF (Storage) and other ancient and early-stage projects.