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Recently, the strong performance of Ethereum has triggered a new round of reshuffling in the crypto assets market. As funds begin to flow back to mainstream digital assets, many small alternative tokens are facing unprecedented pressure.
This trend is particularly evident for emerging tokens that have recently garnered attention, such as MYX. These newly popular coins find it difficult to remain unaffected in the current market environment.
Observing the market trends over the past two days, the phenomenon of capital inflow has become increasingly evident. According to data from the on-chain activity analysis tool CoinWings, most of the on-chain trading activity is currently focused on purchasing Ethereum. This phenomenon further confirms the recovery of investor confidence in mainstream crypto assets.
However, this return to mainstream assets has also brought new reflections to the market. It not only reflects investors' preference for well-known and highly liquid assets during uncertain times but also suggests that the crypto assets ecosystem may be undergoing a significant transformation.
In this volatile market, investors need to assess the potential and risks of various digital assets more cautiously. Although mainstream coins like Ethereum are currently performing well, market dynamics can often change rapidly and are difficult to predict. Closely monitoring market trends and reasonably allocating investment portfolios may be a wise move to cope with the current situation.