On March 27, Chris Solarz, Chief Investment Officer of Amitis Capital, stated in an interview with Coindesk that the era of "Altcoin rally" has ended. According to statistics, there are currently about 40 million tokens in the crypto ecosystem, and he predicts that 99.99% will eventually go to zero, with no more than 100 tokens worth discussing.

Solarz pointed out that the crypto market needs at least $300 billion in new funds in the next three years to maintain current prices, as the top 100 tokens will face massive unlocking selling pressure. The liquid token market that hedge funds can allocate is only about $30 billion, and retail investors have long since turned to meme coins - in other words, there are currently not enough buyers to absorb the sell-off.

"This is the sword of Damocles, and the reason why Altcoins cannot see a bull market in the short term," Solarz said.

It is reported that Chris Solarz was responsible for asset allocation of nearly $8 billion at the investor advisory firm Cliffwater.