The crypto market exploded from 5,400 tokens in 2020 to over 20 million by 2025, creating historic capital dilution. We explain how memecoins, high-FDV launches, and relentless token unlocks structurally killed the traditional alt season.
Stablecoin dominance is holding above a key level that has historically preceded major Bitcoin moves. This report explains why USDT.D matters now, and what a break or rejection could mean for the entire crypto market.
5 min read21/01/2026
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