启程区块链

Many people’s understanding of trading always stays on the surface of “probability games”: they believe the costs of trading are merely the losing principal, commissions, and slippage. The vast majority of traders spend their entire lives studying candlestick patterns, trading strategies, and entry/exit levels, trying to beat the market with higher win rates and more precise risk control.
But very few people truly see through it: the biggest losses in trading have never been the unrealized gains and losses in your account, but the time, emotions, health, and agency in life that trading steals from you.
There is a cruel and true conclusion: if your daily trading takes longer than just five minutes, you’ve already become a slave to trading.

Today, the MEME coin surged. The key trigger was that CZ publicly mentioned the MEME sector. However, this entire round of trading is purely sentiment-driven, with no fundamentals, no revenue, and no industry tailwinds—its staying power is extremely poor.
At the same time, when the market can’t find a main narrative, MEME speculation becomes a “low-cost traffic tool” for exchanges and the ecosystem. It can quickly boost on-chain activity, trading volume, and fee revenue. When major coin markets are flat and the market lacks a clear main narrative, speculating on MEMEs is the best solution for keeping the order book active.
The downsides of this round of speculation are extremely obvious: the MEME frenzy will severely divert market funds; many retail investors abandon value assets with real returns and rush into unsupported speculative coins. Historical price action repeatedly proves it: MEME markets driven purely by emotion, without fundamentals, come fast and collapse even faster. After the hype fades, most return to their starting point.

Once upon a time, the exchange’s altcoin top-gainer list was the market’s most effective traffic-harvesting machine. Whales and market makers would force-pump obscure tokens with relatively small amounts of capital, pushing them onto the top-gainer leaderboard. They then leveraged FOMO sentiment to lure retail investors into chasing the price. Once a large amount of liquidity had entered, they would quickly dump and exit, completing the classic cycle of violent pumps followed by violent dumps. This strategy—highly controlling the float and relying purely on financial games—has played out repeatedly across multiple past crypto cycles. Countless participants got deeply trapped chasing rallies, and it also completely shattered the reputation of the entire altcoin sector.

Today, this old-school trading logic has essentially stopped working. The top-gainer list no longer has any ability to attract traffic. The core reason is that market awareness has undergone a complete upgrade: the vast majority of investors have already seen through it. Ninety-nine percent of altcoins have no real business backing; the supply is concentrated in the hands of the project team and early market makers; price movements are entirely manipulated; and any rise is only to distribute holdings, while any drop is nearly bottomless. Participating in it, in essence, is gambling against the market makers.

As the tokenization scale of RWA real assets continues to expand and compliant tokenized products in the U.S. stock market fully enter the mainstream view of ordinary investors, the traditional “air projects” in the crypto world—those that survive by relying on narrative packaging, VC-hoarding and chip-grabbing, and malicious manipulation by market makers—are being systematically discarded by the market. Whether it’s VC “turd dog” coins packaged with capital or MEME coins driven purely by emotion speculation, they have already lost the soil needed for long-term survival; their elimination is only a matter of time.
Simply put: when serious, high-quality assets are readily available, who would still go bet on an “air VC coin” where the team could run away at any time and where large VC unlocks could dump and crash the price (MEMEs are no different).