Most altcoins in the secondary market will not have any market activity. The logic is simple: most altcoins' chips have already been fully sold off to retail investors, and most project teams themselves do not have the ability to reclaim the chips.
So their control rate is very low, and there are no active market makers willing to take over. To do so, they need to reclaim the chips.
These projects are essentially only passively market making along with the fluctuations of the market, and they will not actively pump the price.
Altcoin seasons will only appear on altcoins with a high control rate.
So how do you determine if the control rate is high or low? Super simple, new projects that are launched have high control rates, and there are two scenarios here.
1. For those who have gone live on bn spot, the liquidity is not bad, but the project parties will only think about releasing chips and won't consider finding proactive market makers to help them realize market value. For the most part, this is the case, although some wealthy project parties may be exceptions.
2. Projects that have gone live on the Alpha+ contract want to sell on alpha, but the liquidity is insufficient, and they can't get out. They want to make money on the contract but can't do it themselves. So they can only seek cooperation with proactive market makers to help them sell and create a market wave to earn a good profit in the contract.
In summary: Shanzhai season will only appear in high-controlled projects under the Alpha+ contract. Others are very difficult or will require time to settle, and some project parties need to reclaim their chips before they can play.