The recent Crypto Assets market has attracted attention, with the pump of Ethereum and Bitcoin leading to strong interest from investors in the direction of the alts market. Through data analysis from the past three weeks, we found that the market capitalization of alts (excluding Ethereum) has risen from 799.5 billion to 907.2 billion, an increase of 13.47%. This rise, although including the market capitalization expansion brought by new Tokens and unlocks, also reflects that some alts have begun to show signs of a slight Rebound.

However, we need to examine this phenomenon from a macroeconomic perspective. Although the market capitalization of alts has risen, the influx of external funds seems to struggle to keep pace with the "inflation" of alts. This situation is economically similar to a stagflation phase and may indicate that the market is about to face a significant adjustment.

In the field of Crypto Assets, this adjustment may not trigger a traditional economic crisis, but it is likely to give rise to a revolutionary transformation in the altcoin market. This includes a reconstruction of market logic, investor perception, and overall confidence. If this transformation does not occur, confidence in altcoins will continue to be questioned.

It is worth noting that once a trust crisis occurs, market recovery will become exceptionally difficult. Many alts may fall into a "zombie" state, similar to the long-silent "zombie" stocks at the bottom during the long bull market in the US stock market.

In this challenging market environment, investors need to remain vigilant and closely monitor market trends and potential transformative opportunities. At the same time, it is essential to recognize that not all alts will survive and thrive in the future market. Prudent selection and in-depth research will be key to achieving success in this complex and ever-changing Crypto Assets market.