The big pancake and Ethereum have institutional backing, and with a little shake, it can recover. Altcoins are purely PVP, without real capital backing; a drop leads to a halving from the start.
The current market is really harsh; funds only recognize top-tier assets. Those altcoins that rely on speculation are basically fleeting. Retail investors are still dreaming of altcoin seasons, not realizing that the logic of this bull market has changed: the degree of institutionalization is increasing, and liquidity is becoming more concentrated in mainstream coins.
For altcoins to turn around, there needs to be genuine narrative innovation; otherwise, it’s just a slow death.
YGG's shift from a guild model to infrastructure acknowledges that the original business model has completely failed.
The game guild concept doesn't work in a bear market: players don’t come, games die, and NFTs go to zero. Now, talking about infrastructure transformation is merely switching tracks to continue telling stories.
An 8.2% drop is really nothing in the current market environment. The problem is that the core logic of projects like YGG has been disproven by the market. What macro liquidity injections? Real money has gone into pumping and AI concepts; who would still pick up such outdated GameFi projects?
The market is not lacking in money; what's lacking are truly attractive assets. YGG is now a typical case of "transformation anxiety."
