After listening to interviews with the Blue Shell boss and Arthur Hayes, I reached a clear conclusion: Altcoins are failing simply because the projects are too trashy; there’s no other reason. There’s plenty of money in the market, but there are no projects worth Degen's aggressive investment. So when a bit of hype comes out with some innovation, everyone gets overly excited, and the market cap shoots up to 12 billion. Can this little innovation compare to the shock of ETH's emergence? Not even close. Can it compare to the shock of Uniswap and the on-chain DeFi revolution? Not even close. When truly shocking projects and coins come out, that funding will definitely surge wildly. As it stands, there are no such projects; it’s just picking through the trash to find the relatively less trashy ones. So, I’m really looking forward to the listing of Pump/WLFI, not because I have a heavy position, but because I think these two projects are at least much more interesting than those cookie-cutter trash.