Recently, I browsed through the market rankings and noticed an interesting phenomenon—the top gainers and losers are dominated by the batch of coins that a certain leading exchange recently listed.

All the market's hot money and attention are now almost entirely focused on these new faces. Double-digit price swings are common and quite thrilling. In contrast, those old coins that have weathered several bull and bear cycles? Except for a few that can still stir up some action, most have completely flatlined; their prices are as steady as retirement assets, so calm it makes you wonder if the market has forgotten about them.

It seems that this market is all about "favoring the new and abandoning the old."