Most technical projects in AltCoins have the same value proposition as memes, but with low Circulating Supply, high FDV, and the participation of VCs, notorious for using retail investors as an exit Liquidity. Alon Cohen, co-founder of Pump. fun, explained the AltCoin crash in April 2024, stating that retail investors suffered too much loss in the previous cycle, making it impossible for them to invest in the 'future of finance' again. The tension between utility-focused investors and speculative traders has intensified, highlighting the issues in social media exchanges.