I took a look at today’s top gainers, and at least half of them are U.S. stock tokens. My view is still the same as what I shared on today’s livestream: major exchanges are all rushing to list U.S. stock tokens, while many retail investors still can’t see where things are headed and are stubbornly holding altcoins. If U.S. stocks really do start trading 23 hours a day on weekdays, liquidity will be siphoned away from altcoins even further. In the future, only a few valuable altcoins—such as blockchain infrastructure projects and revenue-generating DeFi protocols—will truly stand out. As for the vast majority of zombie coins and meme coins, they’ll ultimately go to zero. I still hold the same view: in this bull run, if you hold stocks in $CRCL and $COIN for the long term, you can outperform 99% of altcoins in the market.