The altcoin market is completely cold now. ZEC, which previously rose against the trend, has now fallen by half from its peak. The entire privacy sector saw the sharpest correction over the weekend, with ZEC dropping 60%, and DCR and DASH also falling by more than 20%. Projects like M Sahara have been directly halved because market makers were investigated for violations.

Newly launched altcoins aren't doing any better, as most have also been halved. For example, MON, the first ICO from Coinbase, saw Arthur cash out and directly stated that the project would drop 99%. No matter how much the founder boasts about technology, it doesn't matter; the market votes with its feet, cutting prices by half at the peak.

Another top-tier new coin, IRYS, has also been continuously falling, nearing its issuance price. Recently, it doesn't matter what new coin it is; even if the background is solid, the valuation is low, and it's listed on major exchanges, holding it for a week is likely to result in losses. This is the current state of the market: no matter what coin it is, you have to sell at the highest point of enthusiasm, or you'll eventually get trapped.

The upcoming new coins are the same, whether it's MegaETH, Stable, Base, Arc, Sea, or Polymarket. If you get the coins today, you must exit within 3 days. In this market, the only coins worth holding long-term are a few like BTC, ETH, and SOL; most others lack core competitiveness.