2024 may be the year of the outbreak of MEME tokens. The top three tokens with the highest growth are all MEME tokens, such as WIF, PEPE, Bome, FLOKI, etc. Retail investors' crazy speculation on meme coins is also a rebellion against the continuous high-market-value issuance of altcoins by institutions.

This year, there are also some tokens that hype concepts. The rise and fall of these tokens are large, which brings great volatility risks to investors, such as WLD, FET, RNDR, etc. of AI concepts; modular TIA, INJ, etc. These concepts and themes are basically hyped and run away, don't linger.

By analyzing the performance of the top 50 tokens this year, in addition to being affected by the sharp correction of the overall market, tokens that perform poorly usually have reasons that cannot be ignored, such as large-scale unlocking, inflation, poor ecological performance, and weak practical functions of tokens. The weak performance of tokens caused by these attributes may continue for a long time. Even Ethereum, which ranks second, has a "sluggish" price due to poor ecological performance and continued inflation, not to mention other projects.

The most frustrating thing about the crypto market so far is that there has been no large-scale application scenario. Even Defi and NFT, which were expected in the last bull market, have not performed well in this cycle, especially NFT, which has even "returned to zero". Only the "payment and transfer" scenario performed well, but this scenario is mostly stablecoins.

For a long time to come, projects with the labels of "continuous unlocking, inflation, and poor ecology" will be cautiously involved, especially those high-market-valued new coins that are constantly being unbanned, no matter how many concepts they have and how attractive their publicity is. Before a new ecological narrative appears in the market, funds will most likely continue to hold on to SOL ecological projects and repeatedly hype them up. The reason is: market funds are limited, and they can only hold on to strong sectors. Weak projects are wrong at a glance.