The Sweeping Monk Emerges: The Doomsday Judgment of Altcoins

The recent launch of the on-chain equity tokenization scheme by the NYSE is becoming a watershed moment for the entire crypto market. This is not just a technological iteration but more like a systematic cleansing of the traditional financial system by the crypto world— the role of the “sweeping monk” in the market is gradually emerging.

Legitimate Equity Tokens vs Illusory Consensus

The core of the NYSE’s scheme is to directly convert physical equity into on-chain tokens, enabling 24/7 continuous trading and stablecoin instant settlement. More importantly, holders acquire genuine equity rights—including dividend rights and governance rights—rather than the illusory consensus lacking real backing that is common in the crypto sphere.

In contrast, the “value proposition” of traditional altcoins appears weak and powerless. Most low-priced coins lack cash flow support and practical use cases; their only backing is speculative consensus among market participants. When the “sweeping monk” type of legitimate players enter the scene, the flow of funds quietly shifts—why hold high-risk, unguaranteed return trash coins instead of buying equity tokens backed by real assets?

The Impact of Institutional Advantages

The essence of this competition is the overwhelming difference in risk levels. Behind the NYSE is the full framework of the Securities Law and the credit endorsement of the Federal Reserve, which means market participants have institutional risk protection. In comparison, the promises made by small exchanges seem insignificant.

Traditional finance is entering the crypto space with a “sweeping monk” attitude—low-key, orderly, and lethal. They do not compete through technological innovation but leverage institutional advantages and credit endorsements to strike from a different dimension. For coins lacking fundamental support, this kind of impact is difficult to resist.

Reshaping the Market Landscape in the New Era

The “bubble narrative” of the altcoin era is gradually fading, replaced by a new pattern led by legitimate players. The arrival of the “sweeping monk” signifies that the market is undergoing a necessary cleansing— the era of bad money driving out good money is reversing.

For ordinary investors, the core message of this change is: choosing projects with institutional backing and real asset support is far more valuable than betting on illusory consensus. The “sweeping monk” has already emerged, and the market’s next direction is being redefined.