Cathie Wood predicts more shutdowns and bankruptcies

The "decentralized" dream is dying: just three apps—Hyperliquid, Pump.fun, and Ethena—now capture nearly 80% of all crypto application revenue. This extreme concentration is starving thousands of projects, yet this coming wave of mass bankruptcies and shutdowns is actually the most bullish signal in years. We need a mass extinction of "zombie" projects for the industry to truly mature. Is a market dominated by a tiny handful of giants actually better for crypto? What’s your take?
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