CryptoQuant CEO says most altcoins lack fundamentals

The era of easy gains from narrative-driven cryptocurrency projects is over, according to CryptoQuant CEO Ki Young Ju, who argued on June 17 that only altcoins with strong business fundamentals will survive the current market reset. In a detailed post on social media platform X, Ju outlined a selective investment thesis, stating that the days of launching tokens based solely on hype are no longer sustainable.

Ju identified three categories of altcoins he believes are viable for long-term holding. The first includes tokens issued by global internet companies with established businesses, such as Binance's BNB and Telegram's TON (GRAM). He noted these assets are backed by real revenue, large user bases, and consistent execution, and could serve as a way for institutional investors to gain exposure to entire ecosystems through future regulated products.

The second category comprises decentralized finance (DeFi) protocols that generate verified revenue. Ju cited Hyperliquid (HYPE) as an example, pointing to its trading volumes and a protocol design that directs fees toward token buybacks. He argued that founder credibility and governance that respects token holders separate viable...