Token Launch Frenzy Holds Back Altcoin Season—45 New Launches Dilute Liquidity

The arrival of an altcoin season is often tied to Bitcoin’s performance. As money flows out of BTC and into altcoins, this triggers a rise in altcoin prices. However, this cycle is delayed by factors beyond Bitcoin. One such factor is the recent surge in token generation events (TGEs) source: https://beincrypto.com/token-launch-frenzy-delaying-altcoin-season/