Shanzhai coin valuation reconstruction—Is there fundamental support behind the rebound?



The current rebound of shanzhai coins differs significantly from previous ones: some sectors are indeed seeing fundamental improvements. PayFi protocol's on-chain revenue is growing, RWA sector's locked-in volume is steadily increasing, and some Layer 2 projects are hitting new daily active address records. This contrasts with the "pure narrative-driven" nature of the last bull market, indicating that shanzhai coins are evolving from a "sector-wide bubble" toward "selective value." However, the fundamentals are mainly improving in leading sectors and top projects, while many tail-end shanzhai coins still lack real use cases and users. When participating in the rebound, distinguishing between projects with solid fundamentals and those driven purely by sentiment will directly impact your investment outcomes. Post-rebound divergence is highly likely: projects with fundamentals may continue to strengthen, while those without support will likely give back gains.
$PEPE
#山寨币资金回流
PEPE1.47%
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