The altcoin liquidity is retreating, and the market is directly entering a new bull market for new listings!? New listings are incredibly hot, and altcoins are bleeding profusely! Yesterday, the buidlpad new listing once again exceeded ten times profit, Legion was overwhelmed, and the day before, Kaito Launch was completely filled to the brim, with nearly a hundred times oversubscription likely not even leaving a drop for others. But clearly, the money in the market seems to be much more than expected; However, currently, this money is only being used to purchase strong narratives and new listings, and is no longer buying weak narratives, leading to a significant retreat in altcoin liquidity: What is a weak narrative: concepts that everyone keeps shouting about but are lukewarm, such as AI and RWA, What is the current strong narrative: only PerpDex! It's painful for those still holding onto a bunch of altcoins waiting for the altcoin season; they missed good opportunities during the recent rise, and after this wave of new listing wealth effect kicks in, it’s likely to be so hot that the wealth effect will disappear, and funds and attention will only return to altcoins then! By that time, I wonder if everyone can still hold on! It's really tough for us!