$MON rose 7.9%, turnover 53%. CoinGecko Trending Hotlist #5, market cap $296M and 24h volume $158M; $BTC in the same page rose only 1.1%. This looks more like concentrated “hot money” igniting an L1 small-cap rather than the main theme fully spreading. If volume falls back below $100M, I’ll only see the hype cooling off; first, let’s see whether the 53% turnover can continue. #L1观察 #High turnover risk