There will also be many failures of tokens issued in those layer 1 blockchain projects. The development teams of those projects might dump and leave the project or just leave and let the projects die. I also speculate that it might also be a similar occurrence in the NFT ecosystem. Teams will run out of money and leave.
That is a reality that with every bear market you would see a lot of projects selling off the tokens and leaving the project dead and dry leaving the investors and this time also i am expecting many projects dying off just like we used to see in the past. This time the trend is DeFi and NFT projects and you would see many dying off eventually.
The projects that were created during the bull market will have their first token unlocks this year and next year which will cause more selling and dumping on their communities.
Also, the regulators will be coming and this will cause more fear and pressure within the cryptospace.
I have seen some projects that are not transparent with their vesting details and how many coins they are releasing every schedule. Projects that are not transparent in those aspect should be in check as you never know whether they are selling of the tokens they are holding.