Crypto Funds Ditch Hype—Now They’re Hunting for Real Value in the Altcoin Graveyard
After years of chasing memecoins and vaporware, institutional players are finally doing their homework. Fundamentals are back in vogue as liquid funds deploy brutal selectivity across the altcoin landscape.
The great reckoning: With 90% of altcoins still underwater from their 2021 peaks, fund managers are applying traditional valuation frameworks—liquidity metrics, protocol revenue, developer activity—to separate the zombies from the survivors.
Wall Street’s dirty secret: This ’new’ fundamental approach looks suspiciously like the due diligence they’ve always done...just with more blockchain buzzwords to justify those 2-and-20 fees.