Opinion by: Daniel Taylor, head of policy at Zumo

Crypto X communities think tokens are toast. Here’s why they’re right — and dead wrong.

If there were one chart to sum up today’s crypto token meta, it would be data-ct-non-breakable=”null” href=”https://www.bloomberg.com/news/articles/2025-06-30/bitcoin-mania-fueled-by-trump-leaves-most-of-crypto-in-the-dust-btc” rel=”noopener nofollow” target=”_blank” title=”null”>Bloomberg chart-boxing its comparison of Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) against an altcoin basket. Bitcoin holders are jubilant, watching it approach an all-time high. Tokenholders are bloodied and bruised, seeing their holdings wither away while Bitcoin soars.

With BTC dwindling to just data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-accounts-one-third-investor-portfolios-in-2025″ title=”null”>11.6% of an average retail investor’s portfolio, it’s been a…

Opinion by: Daniel Taylor, head of policy at Zumo

Crypto X communities think tokens are toast. Here’s why they’re right — and dead wrong.

If there were one chart to sum up today’s crypto token meta, it would be data-ct-non-breakable=”null” href=”https://www.bloomberg.com/news/articles/2025-06-30/bitcoin-mania-fueled-by-trump-leaves-most-of-crypto-in-the-dust-btc” rel=”noopener nofollow” target=”_blank” title=”null”>Bloomberg chart-boxing its comparison of Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) against an altcoin basket. Bitcoin holders are jubilant, watching it approach an all-time high. Tokenholders are bloodied and bruised, seeing their holdings wither away while Bitcoin soars.

With BTC dwindling to just data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-accounts-one-third-investor-portfolios-in-2025″ title=”null”>11.6% of an average retail investor’s portfolio, it’s been a…