Since I entered the industry, I have never seen such despairing emotions. In the past, no matter how much the market fell, everyone felt there was a future, that crypto would become mainstream. Now it seems that apart from $BTC and $ETH , too many others have been disproven.
Many people have suffered significant losses in this cycle, and the wealth effect has completely vanished.
I fear the entire industry may soon be gone.
Those scoundrels and fraudsters who repeatedly issue tokens do not face any punishment, and this circle can only continue to struggle for survival.