Recently, the Crypto Assets market has shown some worrying signs. Projects on the new coin list have experienced significant price Fluctuations, leaving many investors feeling uneasy. This situation inevitably brings to mind the past scenario where the liquidity of the altcoin market suddenly dried up.

With the development of the Crypto Assets industry, the entire ecosystem has evolved into multiple relatively independent sub-markets. Now, we can see various groups of participants, such as the 'hair pulling' group focused on airdrop activities, traders seeking arbitrage opportunities, investors participating in new project initial offerings, wealth management groups pursuing stable returns, and community builders organizing various activities.

Interestingly, there seems to be very little overlap between these different groups. They operate independently, forming their own ecosystems, and while they are aware of each other's existence, there is actually very little direct interaction.

However, in this differentiation, we cannot help but notice that the original group of cryptocurrency investors—those who simply bought and held digital assets—seems to be gradually disappearing. This phenomenon reflects the maturity and complexity of the market, but also raises thoughts about the future development direction of the industry.

In the face of this situation, investors need to remain vigilant and closely monitor market trends, while also recognizing the diversity and complexity of the crypto assets market. Although the various segments may seem independent, their healthy development is crucial for the stability of the entire ecosystem.