According to BlockBeats, on December 2, Cobo's co-founder and CEO, Shenyu, expressed surprise over the emergence of an altcoin season at the end of November. In a post on X, Shenyu admitted, 'I was wrong, I didn't expect the altcoin season to arrive at the end of November.'
Previously, Shenyu had stated that there would be no altcoin season in the current cycle. This unexpected development in the cryptocurrency market has caught the attention of industry observers, as altcoin seasons are typically characterized by significant price increases in alternative cryptocurrencies compared to Bitcoin. Shenyu's acknowledgement highlights the unpredictable nature of the cryptocurrency market, where trends can shift rapidly and unexpectedly.