竟说大实话，币圈基本都靠拉盘，但现在项目多而且贵，拉上去以前散户手里还有几个比特币可以骗，现在散户手上都是山寨币，怎么给你接盘？除非比特币搞上20万，吸引大量场外资金入场，不然全面山寨牛市不会出现

A fully loaded annual income of 9,835,378,408,520 USD corresponds to a market cap of over 5 billion FDV, with a price-to-sales ratio exceeding one thousand times. Despite the significant drop, the valuation remains very high. Perhaps the crypto space doesn't fundamentally adhere to basics, and one reason for the delay in the altcoin season is that many projects already have large market caps, leading to a valuation that is already a market fantasy ratio.