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From 2025 to now, nearly a hundred clone projects have announced bankruptcy and closure
Let’s see if you’ve bought any:
$LOKA | Chain Game
$DMAIL | Web3 mailbox
$X2Y2 | NFT trading platform
$COMBO | GameFi
$ME | Wallet services, and the BTC / EVM NFT marketplace has been shut down
Most clone projects have no real users and no real revenue
During the bull market, they propped themselves up with narratives and capital; when the market turns bearish, it’s chaos everywhere
In the future, more and more clone projects will end up at zero. Everyone must keep your eyes wide open—especially over the next few months
Buy real products, with real consensus and valuable crypto assets. There definitely needs to be BTC
Except for memecoins—those are basically trading on emotional value—but it’s not advisable to buy too much or hold for the long term