Many altcoins are dumping ground, after the project is launched people invest massively on it, they will carry out a burn and the burn will have no meaningful bulls and then àfter a while the project became dormant like one and only Africa project called "wakanda" I guess many are victims and aware of this falsehood and fake project.
I never heard of the project "Wakanda" but I assume it's inspired by the movie Black Panther, those who invest in this project are not aware of the Squid Game project inspired by the movie Squid Game.
Projects that are based on movie hype are bound to fail, but still, many investors fail to realize this, there is one coin on the top that's inspired by movies or celebrities that are still around.
Those who failed to learn from history are bound to repeat it, there are still a lot of people who failed to research which is why we still have these altcoins that thrive on hype and false marketing.
I expect more coins to be a dump before the bull run.