Crypto analysts pointed out that although some counterfeit products tokens have risen in price, the number of daily active wallets has not increased, indicating that counterfeit products are still in the speculative stage, far from the general rise in counterfeit products season. According to TradingView data, the total market value of counterfeit products excluding the top ten tokens is still close to a three-month low of $277 billion, down more than 44% from the peak of $492 billion on November 10, 2021. Nicolai Sondergaard, research analyst at blockchain analytics platform Nansen, said: "The counterfeit products season will still come, but in a different form than before. The current number of tokens is more and more dispersed, and although most of them are rising, specific tracks and tokens will rise much more than the rest of the sector. Despite the high risk and lack of fundamentals, meme still dominates retail speculation with fast profit potential."