**How bearish is the market right now?**
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Many long-standing project owners are resorting to renaming and issuing additional tokens to generate profits. Those with remaining resources are creating sub-tokens or new projects to cash in on the market. Take a look at some of these recent rebranding efforts:
- **Front**: Originally issued 90 million coins, but after being renamed to SLF, the supply increased fourfold to 360 million. A portion of SLF is used to swap with Front for retail investors, while the remaining hundreds of millions of coins are held by project owners. After profiting from the last bull market, they are preparing to profit again in the current one.
- **ALPHA**: Renamed to LTLY, increasing the total supply from 1 billion coins to 4 billion.
- **TVK**: Renamed to VARY, with the total supply doubling from 1.2 billion to 3.6 billion coins.
- **SXP**: The supply more than doubled, rising from 300 million to 610 million coins.
- **START**: Renamed to STRAX, initially with 130 million coins, but an additional issuance brought the total to 1.96 billion. The sudden increase of 0.6 billion is startling.
- **Matic (renamed to POL)**: Originally had 10 billion coins in circulation, but now, after the rebranding, an additional 2% annual issuance will see the supply grow by 200 million coins per year. Matic, at least, maintains some credibility by limiting the yearly increase to 2%.
The market is flooded with such tactics, making it difficult to foresee the onset of a true bull market.