The reason why the altcoin season has not come is that the essence of altcoins is no different from that of meme coins. The wealth effect of meme coins is greater than that of altcoins. Therefore, most of the money outside of value coins has flowed into meme coins. There has been no accumulation of liquidity for altcoins and VC coins.

In the previous version, meme coins did not have the same high consensus among newcomers as they do now. So the crypto world is now identifying the genuine from the false, not identifying the empty from the false!