According to Miles Deutscher, out of the 37 million tokens in the crypto market, 99.9% are considered vapourware, highlighting that less than 100 projects have serious, experienced teams and show bullish behavior by being net buyers of their own tokens (source: Miles Deutscher).

According to Milk Road, Jamie Coutts from RealVision discusses the recent pullback in Bitcoin prices and macroeconomic factors impacting the market. He highlights that 24% of top crypto tokens have hit new yearly lows, questioning whether this is the bottom. Coutts identifies key support levels critical for traders to monitor, suggesting that these levels could influence future price movements (Milk Road, Twitter).

According to VitalikButerin, the Ethereum co-founder expressed concerns about the sustainability of yield generation in the cryptocurrency market. He pointed out that the value of crypto tokens is often derived from the ability to earn yield, which is primarily funded by activities such as borrowing and trading fees. He likened this mechanism to an ouroboros, suggesting a potentially unsustainable cycle where the value is generated from within the system itself.