Discover Crypto SELL THESE ALTCOINS! (These Chains Are DEAD)
Mar 11, 2026
A viral claim that several altcoin chains are "dead" gets dissected and the noise is pushed aside. Charts and on-chain metrics for TIA, SAY, SONIC, MONAD and ALGO are inspected. Technical setups, supply unlock risks, low-fee activity, and a possible bull pattern for one chain are highlighted.
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Viral Claim That Many Chains Are Dead
- Nick Valdez highlights a viral thread claiming multiple altchains are "dead" with $2.6B raised but only $3.4M annual fees across 15 chains.
- The claim frames these projects as "ghost towns," prompting scrutiny of on-chain usage vs. fundraising.
Celestia Shows Repeated 50-Day Rejections
- Nick examines Celestia (TIA) showing low daily active users (~1.2k) and repeated rejections at the 50-day moving average.
- He points out a pattern of false breakouts and advises avoiding TIA until it flips the 50-day MA to support.
SUI Has Tiny Fees But Trade Opportunities Exist
- For SUI, Nick notes extremely low chain fees (as low as $232 daily) and only ~7k daily active users despite a 10B token supply with 6.7B released.
- He calls out a current long trade up 57% but suggests spot holders consider exiting near the top of the established range.