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CryptoQuant founder and CEO Ki Young Ju stated on X platform that altcoins have not disappeared, and those that rely solely on narrative hype will be eliminated. The era of simply making money by issuing coins has come to an end. The counterfeit coin with long-term value needs to have real business, actual revenue and conform to the global mainstream financial development trend, including a global Internet platform with token market layer, a decentralized financial service project with real revenue and a track project that conforms to the mainstream financial development trend.