ChainCatcher reports, Chris Solarz, Chief Investment Officer of Amitis Capital, stated in an interview with Coindesk that the era of "Altcoins rising together" has ended. According to statistics, there are currently about 40 million types of 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 will need at least $300 billion in new funds over 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-offs.

"This is the sword of Damocles, and the reason why Altcoins cannot see a bull market in the short term," Solarz said. It is understood that Chris Solarz was previously responsible for asset allocation of nearly $8 billion at the investor advisory firm Cliffwater.