In the past few days, it’s become even clearer that crypto liquidity is extremely scarce. Right now, aside from the two major exchanges in Korea and Binance, second- and third-tier exchanges basically have no competitiveness. Of course, some well-known exchanges can still bring good traffic to projects, but it seems they can’t bring in buyers. If a project doesn’t have a ground-level marketing strategy and relies purely on KOLs, it’s just waiting to announce its failure