It used to be called the Shanzhai Season,
now it’s the Monster Season.

In the past, altcoins pumped based on narratives, investment institutions, products, and sector rotations.
Now, it’s all about low market cap coins from Binance, supply control, and contract counterparty dynamics.

VC narratives have lost their punch,
the first-level meme coins are hyper-competitive,
mainstream coins are following BTC into the bear market,
and product attention is being siphoned off by US stock AI and Binance US stocks.

Liquidity hasn’t vanished,
it’s just shifted from 'narrative consensus' to 'low market cap high volatility'.

Before, we were buying consensus,
now we’re betting on who will become the fuel.