PANews reported on June 17th that CryptoQuant CEO Ki Young Ju stated in an article on the X platform that altcoins haven't died out; what has died out are altcoins that rely solely on narratives. The era of making money simply by issuing tokens is over. He believes that altcoins with remaining value fall into three categories: global internet companies with tokenized market layers, DeFi services with real revenue, and projects that align with broader financial trends.

Ki Young Ju cited Binance's BNB and Telegram's TON as examples, stating that they belong to the first category because they are real businesses with actual revenue and long-term viability. High-quality DeFi protocols like Hyperliquid, which still generate stable income, belong to the second category. The third category includes projects with substantial content such as stablecoins, RWA, and tokenized stocks. He stated that 99.9% of altcoins should be rejected, but "most are garbage" does not mean "all are garbage," and investors should be selective rather than biased.