Ki Young Ju: 99.9% of altcoins should be filtered out

The altcoin market is not completely finished, but projects sustained solely by narrative will find it difficult to survive, according to CryptoQuant CEO Ki Young Ju. In a post on X, he stated that while narrative is important, it is no longer sufficient on its own. He believes some altcoins are still worth holding for the long term, provided they have a real business, generate revenue, and align with global financial trends. Ki identified several types of meaningful altcoins: companies with a tokenized market layer, revenue-generating DeFi services, and projects aligned with broader financial trends. He asserted that 99.9% of altcoins should be filtered out, but clarified that there is a difference between most being worthless and all being worthless, stressing that selection is more important than prejudice. Ki concluded with an analogy, stating that he entered the crypto market expecting a jazz-like environment but now finds it has become more like classical music. He observed that most of the free-spirited participants have left, replaced by Wall Street types in suits who are now quietly listening, adding that he sometimes misses the earlier era.