Over 1,000 Crypto Projects Don Kpai as FTX Pay Back $5B, Make Altcoin Market Stand Up Again.
Since March 2025, over 10% of crypto projects—dat na pass 1,000 altcoins—don comot for market or dem abandon am because dem business model no work, rug pulls, and as bear market crash for Q1. This plenty project wey dey die down show say the market dey gather body, removing all those hype-driven and low-value tokens from circulation. Inside all these closures, FTX don start their second round of paying back people wey dem owe, pouring over $5 billion of stablecoin money into the crypto market through BitGo and Kraken. Analysts dey see all these things as paving way for a cleaner, stronger system, where the projects wey remain go get better foundation, plenty community support, and healthier money flow. The money wey enter from FTX's repayment fit support altcoin trading to rise again, with traders expected to focus on good quality projects wey get clear use. This market shake-up dey seen as creating conditions for a new, more mature altseason, but analysts warn traders to still dey careful about scams and make dem prioritize projects wey get real-world use and active communities.
Bullish
Over 1,000 altcoin projects wey close down, plus FTX wey pay $5B to im creditors, show say market dey get big clean-up and plenty money go dey flow. Wen dem comot projects wey fail and wey dey scam, e go make the market strong for good good coins and tokens wey get quality. The extra money from FTX fit make people dey trade pass before, especially for altcoins wey trustworthy, as traders go dey find projects wey get real value and wey dem fit use. Normally, when market dey purge like this and money dey flow in, na im dey usually start new altseasons. Even if some caution still dey, the way market dey shift go healthy fundamentals and investors dey focus on quality altcoins, e make the whole thing bullish for altcoin sector for both short and long term.