Odaily News Chris Solarz, chief investment officer of digital assets at Amitis Capital, said that the era of the so-called rise of altcoins has ended. According to statistics, there are about 40 million tokens in the current crypto ecosystem. He expects that 99.99% will eventually return to zero, and no more than 100 tokens are worth discussing. Solarz pointed out that the crypto market will need at least $300 billion in new funds in the next three years to maintain the current price, because the top 100 tokens will face huge unlocking pressure. The market size of liquid tokens that hedge funds can configure is only about $30 billion, and retail investors have long turned to meme coins-in other words, there are not enough buyers to take over the selling orders at present. "This is the sword hanging over the head, and it is also the reason why altcoins as a whole cannot usher in a bull market in the short term," Solarz said. It is reported that Chris Solarz was responsible for nearly $8 billion in asset allocation at investor consulting firm Cliffwater.