A dose of reality regarding this (read notes) “Altcoin season you all speak of.

I come from the year 2021. The weather was fine, and the daily APY was thicc! the scams and rug pulls were there, but a lot more thought had gone into these projects. Ahhh OHM, TIME, STRONG.. take me back! Around 17,000 Alt coins existed back in those days (meaningful) with many of them dead. Liquidity was juicy after the COVID crash and the choice of alts to invest in MUCH smaller. Alts would pump 10x in a few hours. Launchpads were the real alpha and APY plays made you feel like you were really about to retire in a few weeks! Alas for many, it was simply moving liquidity to the early adopters.

Fast forward. It’s July 2025, we’ve had sunshine for a week in the UK and BTC.D is looking like it’s about to make moves. Many Altcoin moonbois from 2021 are now BTC maxis having joined the halls of BTC Valhalla with the once 2017 Altcoin moonbois! What’s left, a somewhat hopeful, slightly delusional and most certainly deep in the red group of crypto bros praying a 2025 AC Szn will set them free.

At the end of 2021 around 400k tokens had been born, lived and died. By the end of 2025 it’s estimated there will have been nearly 100 million tokens created. As of today it’s believed there are hundreds of thousands of active / alive projects

Think about that number, think about how much liquidity is needed to nourish hundreds of thousands of projects this Altcoin season, draining liquidity - spread thin like butter. There simply isnt enough liquidity in the market to feed the hunger of all.

Sadly, MANY legitimate, great projects will see no more than maybe a 1-3x top 100s may see 50% to 1x.

This fabled Alt season will be like spreading butter over the world’s largest piece of toast.

I ofcourse hope you all get back to break even. And we will welcome you with open arms into becoming a BTC maxi when it’s all said and done :)