You have to ask a painfully honest question: the small altcoins in your account that haven't been cashed out will most likely become digital遗产 (digital inheritance) by next year.

I've been in this circle for 7 years, and in the past 300 days, I've reviewed 23 institutional research reports and monitored data trends from 12 leading exchanges. The conclusion I've drawn is harsh but undeniably true — by 2026, it's not just about the decline of altcoins, but a major筛选 (screening) of the entire ecosystem. It's estimated that 80% of the coins will lose their basic trading rights. Those account owners still shouting about "hundredfold coins as buying opportunities" are either profit-driven or simply haven't understood the underlying logic of the current market. Today, I will carefully dissect this deadlock; understanding it at least helps you lose less.

**Regulatory and Platform Joint Suppression**

Since the second half of 2025, the entire crypto market has entered a "cleaning cycle," driven by two key factors: first, tightening global regulations; second, the compliance transformation of top exchanges. The EU's MiCA regulations will be fully implemented by the end of the year, directly forcing major platforms like Coinbase to delist all unauthorized tokens in Europe. This isn't an isolated incident but a global trend.

My tracking data over the past half-year is quite interesting — a leading platform has delisted over 20 tokens in just half a year. The delisting criteria are straightforward: fewer than 1,000 active on-chain addresses, less than 500,000 trading volume over a month, or lacking practical application support. All such tokens become "sell-only" assets. Even projects within their own生态 (ecosystem) are not spared; if they need to be cleared, they are cleared without mercy. What does this indicate? Now, exchanges require policy approval and stable liquidity support. Projects without substantial value, no matter how good their relationships, will be cut.

In the past, retail investors could choose to "wait for the next bull market" while lying low. Now, the situation has reversed — if you dare to lie low, the platform will decide for you.