We were told a that a Bear Market will “clean“ the market from all of those scams and shitcoins. Now we can see that this was clearly not true…

As a person myself that was present in the Crypto market since 2021 and saw our transition of Bull Market top to Bear market from very close on. Back then, during the first talks of the possible start for a proper Bear Market, there were a lot of expectations. Obviously many negative ones, but some even wanted to turn the narrative into the positives.

One of those were about the good side of the Bear Market, the possible “cleansing“ of the scams, shitcoins and frauds in our Crypto space. This narrative was especially augmented when we saw the collapse of LUNA, wich was also in the early days of the Bear Market. Then everyone seem to be so sure that this is just the beginning of the “flush-out“ for Crypto, which at the end will actually be good for all of us.

Now after about over one year and a few more collapses and actually many Cryptos dying out like ONE, everyone would be thinking the crypto space has been cleaned, but this is clearly not the case. We are having our first meme coin/shitcoin season since the bull market just right now. With shitcoins like PEPE pumping so much that it is in market cap even above our favourites like ALGO. So obviously that so-called cleaning did not happen.

Why could that possibly be? Well, the main reason is that Crypto has matured a lot and now we are actually even in the mainstream. Bitcoin is trending about every week on Twitter, people actually do know about Crypto now. So I think that those shitcoins won‘t ever stop from pumping, we are just now at a new level of adoption, where we have no way back.