According to a Bloomberg article, beyond Bitcoin’s noticeable decline this month, deeper pressures in the crypto market stem from insufficient liquidity and weak fundamentals among long-tail tokens. Tens of millions of crypto tokens have been created in recent years, yet fewer than 1,700 still generate meaningful daily trading volume on DEXs; most VC-backed tokens trade below their issuance price, with some down over 90%, and the average return in their study sample was approximately -80%. Cardano’s founder, Charles Hoskinson, has recently warned that more projects may disappear, corporate funding may run out, and developers may leave the ecosystem. https://t.co/JyrkdmyhfA