Andrei Grachev, the founder of DWF Labs, a controversial cryptocurrency market maker company, touched on the speculations about the altcoin season in his statement.
Grachev talked about how, in light of Bitcoin's last big rally, some market participants think that this time the situation is different and altcoins will not have a turn. These participants think that the money flowing into the cryptocurrency market goes to Bitcoin, not altcoins.
Grachev said that this thought was a mistake and that he considered it completely wrong. He stated that there are many decent altcoins in the market that are well below their value, but he did not name a specific altcoin.
However, Grachev said that those who think they have missed opportunities in the rallies so far should not worry and that the altcoin season has not started yet.
DWF Labs, led by Grachev, is known as a relatively new market-making company and has been accused of manipulating the market by other market-making companies. However, Grachev had harshly rejected these allegations in his previous statements.
*This is not investment advice.