Garrett Jin, a prominent cryptocurrency whale, has expressed concerns over the impact of high-FDV (Fully Diluted Valuation) altcoins on the broader crypto market. Jin, who previously shifted $4.23 billion from Bitcoin to Ethereum, highlighted the lack of cash flow in many crypto projects, contrasting it with TikTok's $14 billion U.S. sale. He noted that despite negative cash flows, some crypto projects are valued at tens of billions, leading to capital outflows from Bitcoin and Ethereum. Jin criticized exchanges and stablecoins for extracting billions from the industry annually without reinvesting in the market, resulting in a liquidity crunch and stunted growth. He urged exchanges to conduct thorough investigations before listing tokens to protect investors and the industry's long-term health. Jin believes that as long as high-FDV altcoins maintain their inflated valuations, Bitcoin and Ethereum will struggle to achieve a sustained bull market.