BlockBeats News, March 27th, Chris Solarz, Chief Investment Officer of Digital Assets at Amitis Capital, stated in an interview with Coindesk that the era of "all altcoins rising together" has come to an end. It is estimated that there are currently about 40 million tokens in the crypto ecosystem, and he predicts that 99.99% of them will eventually go to zero, with only less than 100 tokens worth discussing.
Solarz pointed out that the crypto market will need at least $300 billion in new funds over the next three years to maintain the current prices, as the top 100 tokens will face massive unlock selling pressure. The size of the liquid token market that hedge funds can allocate is only about $30 billion, and retail investors have already turned to meme coins—in other words, there are simply not enough buyers to absorb the selling pressure.
"This is the Sword of Damocles, and it is also the reason why altcoins as a whole cannot usher in a bull market in the short term," Solarz said.
It is reported that Chris Solarz was previously responsible for nearly $8 billion in asset allocation at the investor consulting firm Cliffwater.