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Arthur Hayes: Altcoins will not disappear; the market will continue to reshuffle.
May 5 News, Arthur Hayes stated at Consensus 2026 that although 99% of altcoins may become worthless, this phenomenon is similar to the replacement of companies in the S&P 500 historically and does not mean the end of the industry.
Hayes pointed out that since 1929, about 98% of S&P 500 companies have been eliminated, and market clearing is a normal cycle; the altcoin ecosystem will continue to exist and evolve.