PANews reported on October 14 that Garrett Jin, a whale who previously sold over $4.23 billion worth of BTC to switch to ETH, wrote: "The biggest problem in the cryptocurrency field is that most projects lack cash flow. In contrast, TikTok was sold in the United States for $14 billion, while many crypto projects with negative cash flow are valued at tens of billions of dollars. This has led to capital outflows from Bitcoin and Ethereum. Exchanges and stablecoins siphon tens of billions of dollars from the industry each year, but there is no healthy return of capital to the market. As a result, the market lacks liquidity and upward momentum. If exchanges act responsibly, they should conduct rigorous investigations before listing tokens. They should not sacrifice the interests of investors or the long-term health of the industry for short-term profits. As long as the prices of high-FDV altcoins remain high, it will be difficult for Bitcoin and Ethereum to have a sustained bull market."