Over 1,000 Crypto Projects Vanish, Is This the Beginning of a New Altseason?

Jakarta, Pintu News – The crypto market has recently undergone major changes with the loss of more than 10% of projects in the past few months. This may signal the beginning of a more mature and potentially profitable altcoin season.

FTX Refunds and Their Impact

FTX has begun the process of refunding creditors, totaling more than $5 billion. The move is a key part of the exchange’s bankruptcy resolution. Payments are being processed through BitGo and Kraken, with claims from US and international creditor classes beginning to receive significant portions of previously locked-up funds.

While there have been warnings about phishing scams during this process, the broader effect on the market cannot be ignored. This injection of stablecoin liquidity could trigger a new wave of trading, especially in altcoins, as investors begin to turn to optimism.

Also Read: MicroStrategy Up 2,930%! Michael Saylor’s Crazy Strategy in Crypto Turns out to be Fruitful

Altcoin Mass Extinction

A total of 10.5% of active cryptocurrencies have disappeared in less than two months, encompassing more than 1,000 projects that were removed from the list or abandoned. The latest data shows a sharp decline in the number of projects listed since March 2025, despite the continued rise in Bitcoin price.

The causes vary, ranging from failed experiments, rug pull scams, token liquidity failures, to the impact of the brutal bear market in the first quarter. Many teams decided to shut down their projects, remove them from the list, or quietly move them to a new ecosystem. While this is painful for speculators chasing hype-based tokens, this wave of natural selection is setting up a cleaner stage for altcoins that have real traction.

More Rampant Market, Stronger Foundation

After many projects have collapsed, what remains are those with real staying power. These projects are characterized by strong communities, clear utility, and healthy liquidity. This market maturity reduces distractions from less serious tokens and shifts the focus to credible altcoins.

In addition, $5 billion of fresh capital returned through FTX creditor repayments reinforced this configuration. Now, solid fundamentals go hand in hand with real liquidity. Smarter capital could fuel the next altcoin season, replacing speculation-driven trends.

Conclusion: New Hope for the Altcoin Market

With the reduced number of crypto projects and the return of large capital to the market, there is renewed hope for more mature and sustainable altcoins. A leaner market and a focus on projects with a solid foundation may be the key to a successful and profitable altcoin season.

Also Read: Bitcoin in danger of weakening again? Bollinger Bands indicator gives this sign!

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. FTX returns $5B: How will altcoins benefit from this. Accessed on June 2, 2025
• Featured Image: Generated by AI