大梦

She is such a girl. In 2018, she bought some Bitcoin because of her friend's trust and then stopped asking about it. Because she didn't know what Bitcoin was. At this time, she started her entrepreneurial journey, entered the clothing industry, founded her own chain brand, and invested in the beauty industry and yoga studios... It was because of these experiences in traditional industries that she fell in love with the atmosphere of freedom, love and creation in the WEB3 industry.

Tonight, quite a few people in the circle are watching $NEAR . Without a sudden breakout surge, they just quietly pushed it up by a couple of points, and even squeezed it back into the trending search list. What’s interesting is that this wave isn’t relying on anyone’s hype—it's the AI “old storyline” getting resurfaced again. Back when it was founded, its founder was among the group that wrote the Transformer papers. When the market’s memory gets overwhelmed, it thinks of this tea again. The meme side may be noisy, but real money is quietly shifting into these old L1s with stories and solid fundamentals. In real industry, I’ve seen it all: when the hype is loudest, the old brands that nobody pays attention to often get talked about again only after the wind dies down. #AI叙事回潮 $NEAR

Over the past two days, everyone in the circle has been saying that $AAVE has really “got back up” again—up about ten percentage points in a single day. What’s interesting is that this wave isn’t like a meme-style overnight freak surge—those small coins are still just lingering in place, while the money quietly shifts into the older DeFi ecosystem. In the business of on-chain lending, AAVE has been “hot” for years. Earlier on, it was once dismissed as an outdated relic, but now its deposit size has climbed back to historical highs. Even institutional money is starting to test on-chain yields. In real-world industry, I’ve seen this pattern too many times: when the hype is at its hottest, nobody pays it any attention; when the wind dies down, it’s often the established players that remain standing steadily and keep making money. The market’s memory is short—excitement always chases what’s new—but the things that can actually survive cycles are often these quiet old veterans. This time, the funds are flowing back from memes into blue chips—the flavor is definitely different. #DeFi蓝筹回归 $AAVE

$PUMP These past two days, it’s come back to life—up by about ten-odd percentage points, and the circle is lively again. To put it plainly, pump.fun is basically a meme coin pipeline: anyone can spend a few seconds to launch a coin, and tens of thousands pop up in a day, with the vast majority dropping to zero within a few hours. But the ones who really make quiet money are never the retail folks who rush into every new coin—they’re the platform itself: no matter whether the coin you launch goes up or down, it takes a cut from every transaction. Just in fees, it can rack up millions of dollars in a day. In the years I did real-world business, the one I envied most was exactly this kind of setup—selling shovels is always steadier than digging for gold. This time, when $PUMP was pulled up, another wave of people started calculating how far the coin’s price could be supported by its buyback and burn. But I’m watching the other end: the hotter the platform gets, the more people underneath are actively taking their principal and feeding it into that lottery-like system with a win rate of only a few ten-thousandths. The celebration is real, and so are the bag-holders.#meme狂欢 $PUMP

Recently, everyone in the circle has been talking about $KAITO . A bunch of people spend every day on Twitter scrolling posts to earn Yap points, all just to catch an airdrop. Today, the coin price even jumped more than 13%. To put it plainly, this round is all about using attention as the “mining resource”—you think you’re farming the project, but the project is farming your traffic and your time. I’ve seen too many of these lively plays: they pump fast and dump just as fast. The ones who truly get their money in hand are always a small minority.#注意力挖矿 $KAITO

$SHIB Today it surged nearly 20% in one go, and that batch of old accounts from the Shiba Inu army has resurfaced again.

Some people may not know the origin of this coin. Back then, someone using the pseudonym Ryoshi came up with it. Without saying a word, he sent half of the supply to Vitalik (V神), calling it a “burn mechanism.” But V神 didn’t give him any courtesy—he burned about 90%, and the remaining amount, converted at the then-current price, came to several hundred million dollars, which was then fully donated to India’s COVID relief.

After that, Ryoshi deleted all of his posts, leaving only one line: “I don’t matter,” and then he vanished.

With such a joke-like opening, they hard-cultivated a Shiba Inu army of several million people. It cooled off for years with no one mentioning it, and today it suddenly gets pulled back up—those early holders who went all-in back then are back again.

I came out of the business/real-economy circles, and I’ve seen these kinds of shows a lot. In most cases, the people who actually make money in memes are the ones who buy and then basically never check again; the ones who keep watching unrealized gains tend to be the ones who rarely make it to the end. Whether this Shiba run can continue, I can’t promise—but once this kind of momentum catches fire, it runs faster than anyone.

#Meme季 $SHIB

Everyone in the circle has been watching $EUL today—it's surged by more than 70 points in a day, and it instantly shot into the trending searches. Do you remember this project? Two years ago, when EUL's lending was hijacked by hackers, they reportedly siphoned off 200 million—so many people thought it was done for. Later, the hackers returned the money, and somehow it kept living. This time, the DeFi lending narrative is warming up again—it runs harder than anyone else. After years in business, I believe one thing: a project that can crawl back from near-death is often more tempting to people than one that's been smooth sailing the whole way. But with a rise like seventy points, before you chase it, you’ve got to ask yourself whether you can handle the segment ahead. #EUL异动 $EUL

There’s an interesting phenomenon going around in the circle lately. A BANK that almost nobody mentioned a few days ago suddenly comes out of nowhere—both the gainers list and search buzz shoot up at the same time. In a single day it jumps more than twenty percentage points. For a little company with a market cap around the 200 range, it somehow gets dug up and pulled to the surface by a whole crowd of people.

This morning, someone in the group shared a screenshot, saying that if they had looked one more time yesterday, it would’ve been better. That feeling of regret mixed with the urge to chase—right through the screen, you can almost sense it. I’m way too familiar with scenes like this. When small-cap coins start “acting up,” it usually happens exactly like this—not because it suddenly got better overnight, but because attention rolls on its own. The more people search and the more people shout, the livelier the trading becomes.

In the years I worked on real business, I’ve seen too much anxiety that comes from missing out and thinking it’s a crime. But for those who actually rush in, what they’re usually profiting from is their heart pounding. You can watch the commotion—but it’s even more important to understand the mechanics. For something that’s pumping this fast, the tide often goes out just as quickly. Just don’t let your hands move faster than your brain—that’s all.

$BANK
#山寨异动

This RWA narrative—last year, they hyped it as the next trillion-dollar track that could move Wall Street onto the blockchain. BlackRock led the way in turning Treasuries into tokens, institutions filed in one after another, and retail investors rushed in just watching the PPT; $ONDO was the name everyone was talking about back then. But look today—the whole sector has gone limp again. ONDO dropped more than three points in a day, and even the newly hyped chain $PLUME is still sliding downward. The story hasn’t really changed: on-chain Treasuries are still steadily running—what’s changed is that hot money can’t wait. They want a three-day double, not a slow, steady accrual over a year. I’ve seen this kind of setup in the real-world for years: a real demand gets spun as “quick money.” People who rush in usually aren’t there for the demand itself. When the tide goes out, it’s the ones who truly treat this road like a business that remain. Now when you look at RWA, are you watching the story—or are you watching who hasn’t left yet? #RWA叙事降温 $ONDO $PLUME

It’s just 10 u away and I would’ve received it, right? Hahaha

$PENGU Today it got searched to the point of going viral again—the gainers list is also quietly moving. I know a lot of people look down on something like Tencent (a meme), thinking it’s just a pure emotion-driven chart with no fundamentals. But I’m going to say it the opposite way: this time I’d rather watch it than those tickets that surge 50% in a single day.

The logic is pretty straightforward. For a coin that blasts up in a day, the people searching for it are often the ones rushing in to catch the bag. And $PENGU is the kind that hasn’t really shot up wildly, yet the search interest never really dies down. The retail crowd’s attention hasn’t dispersed—so the order book still has follow-through.

The ones that really get you are never the ones that grind slowly; it’s the type where you haven’t even reacted yet and it doubles, and right after that it cuts you down to half.

I never look at the candlestick chart for meme plays. I look at hype. If the hype is still sticking around, then I can hold this one.

#meme币行情 $PENGU

$PI Today it quietly surged over 12%. I know a lot of people see these three letters and want to laugh—after all, it’s the “phone mine” that’s been dug up for years, the one that got called “zero” right at open. But no matter what you say, it’s still holding steadily at #65 on the market cap leaderboard, ahead of a bunch of brand-new chains that are constantly shouting “disrupt the industry.”

I’m not here to say nice things about it. Quite the opposite—fundamentals for it are almost nothing that you can point to. What’s truly interesting about this pump is this: there’s no new narrative, no big news. It’s simply that a group of people who’ve been trapped in it for years refuse to admit defeat, and with the slightest hint of movement, they rush back in. I really don’t dare touch a chart driven purely by emotion like this—+12% today might just be given right back tomorrow.

What’s valuable isn’t really $PI itself. It’s the fact that it proves that in this market, even if consensus is wrong, as long as there are enough people and they’re stubborn enough, they can still prop up a whole market. This is more frightening than the ups and downs themselves.

$PI

$TLM A old chain game coin that was suddenly brought back into the spotlight, having surged 50% in a single day and climbing to nearly the top 1000 in the market cap rankings—it's like someone poured fuel on a fire. A ticket that had sunk for two years doubled in one day. This kind of move is basically short-term capital temporarily grouping together to take a gamble; it isn't that the fundamentals have truly returned. I don’t chase it—not because I’m afraid, but because with this kind of pump, the ones who always end up holding the bag are the people who rush in and buy after the move. If you really want to play, treat it like buying a lottery ticket—don’t actually believe it’s about to “take off.” #链游异动 $TLM

$ANSEM These past few days, it quietly added 12 percentage points—its spot on the trending list is even ahead of a bunch of large-cap coins. But there aren’t many people talking about it in the square. With small-cap tickets running this hard, my first reaction isn’t to chase—I want to figure out why it’s going up in the first place. Is it just pure emotion being passed along, or is there real money moving in? I won’t touch it at this level. People who dare to get in are basically betting, "there will be someone even more willing to raise the bid after me." The entire risk is pushed onto the next person being more impulsive than you. If you really want to play it, wait for it to pull back without breaking the previous low; going all-in right now is basically paying the pumpers. Compare it to $SOL —today its hot-search gain shows up on both top lists. +1.3% looks ordinary, but trading hasn’t shrunk and the funds haven’t left. This slow grind is actually more reassuring than the kind of blow-off run I’d see in small caps.

$TOSHI This move directly did almost 18%—you can see its shadow on both the trending search list and the gainers list. In the Base ecosystem today, it’s the one jumping the hardest. When a “new meme” suddenly expands volume and spikes up, it usually isn’t retail FOMO—it’s often someone taking the chips off the table at low levels first. Personally, I’m inclined to follow a bit—not because of its fundamentals, but because Base’s funds have clearly been flowing back recently; things like $AERO have started to move too. But if I’m really going in, I only trust one rule: after it’s rallied 18% from the high point, I will never buy; I only act if the pullback holds and doesn’t break below the prior low. This kind of pure sentiment-driven chart is all about timing—you’re chasing the rhythm, not value. If you mistime it, the harder it rips, the harder it’ll dump.
#Base生态 $TOSHI

$INJ Today it quietly climbed almost 7%, and the trading volume followed suit. The kind that keeps moving up silently like that—I actually prefer to watch it for a couple more minutes. Earlier, when the broader market was moving sideways, it didn’t really drop much. Now it’s leading the way higher, which suggests that there’s capital continuously guarding it in there—it isn’t just a one-wave spike that then disperses, driven by emotion.

At this level, I’m willing to add a bit. Not because it’s rallying aggressively, but because the rhythm is steady—pullbacks don’t break, and it rises with increasing volume. That’s far more solid than stocks that double today and get cut in half tomorrow. The Injective ecosystem itself has also been updating continuously; it’s not purely propped up by storytelling to justify valuation.

As for risk: it’s currently ranked outside the top hundred by market cap, the float isn’t that big, and when it pulls back quickly, it can drop quickly too. But as long as the trend hasn’t gone bad, I don’t plan to get off early.

#Injective $INJ

$LUMIA One day it surged by 30%. While there are a bunch of coins on the leaderboard climbing too, what really stands out is this kind of tiny ticker that people usually don’t even mention suddenly getting traction. The trading value is only 7M and the float is light—good news is it moves fast; bad news is there’s no follow-through, so it can just as easily get dumped back down at any moment. But the angle of this rise is too steep. It doesn’t feel like a casual wobble—it feels like money has been quietly moving in at low levels. I’ll follow it; what I’m betting on is that the hype hasn’t spread to the main square yet—the window is still there. When the whole screen is already shouting about it, that’s often when it hits the top. Compared with $KAITO , which has already jumped 12% and everyone’s watching, LUMIA—just starting up—actually has more room for imagination.
#小币异动 $LUMIA

$AKE A day did 56%. The stock on the market cap rankings that was outside the top 800 suddenly got pushed to the front rows of the trending list. With this kind of play, I really don’t dare to take it. The float is too small—when it’s pumped, it can also dump even faster. If you chase in now, you’re basically lifting a sedan for the people in front. At the same time, $ANSEM and $CASHCAT reversed and dropped by twenty to thirty percent—small-cap money comes quickly and goes just as fast. I’d rather miss this wave than gamble my luck on a stock ranked around the 800th spot. $AKE

$HOME Today we directly drove it up +14%, and the trading value even topped 10M—this is the most aggressive one on this round’s gainers list. With this kind of scale in a small-cap, when one candle lifts it, my first reaction is never to chase; I first check whether it can actually hold its ground—if it’s purely an emotional pop, then it can fall just as fast. But the #1 on the gainers list is also the place with the most concentrated “square traffic,” so short-term traders focusing on it is not a problem. Personally, I’ll only wait for it to pull back without breaking the previous low before I act. I won’t do that kind of thing where you rush in and buy at market price to catch the bid right away—because what you’re buying is often the volume of others exiting. Nearby, $SKL also quietly moved up 12%. A new stock and an old one both went off at the same time—there are clearly signs that the funds are rotating between small caps.

$HOME

I thought it was time to get a bargain. Turns out they just did a stock split.