SpaceNight

Why are so many people leaving the community this year? Let me share my viewpoint.

It's not because everyone suddenly lost faith, nor because the bull market has ended. It's because the game has changed.

This year, the cryptocurrency space has completely shifted from narrative-driven to high-speed PVP.

In the past, a narrative would gradually unfold.
Some people wrote code, some built communities, there were arguments, splits, and then starting over.
The cycles were long, and the cost of making mistakes was low; as long as you were genuinely doing something, you had time to correct it.

That's not the case anymore.

Now it is:
•Token launch
•CA discarded
•A few big accounts retweeting
•K-line completed
•Liquidity drained
•Next round begins

In just a few days, a story comes to an end.

This isn't competition; it's speed elimination.
What gets eliminated isn’t ability, but reaction time.

The biggest change brought by accelerated PVP is not that it's "more brutal," but that assets start to concentrate at high speed.

A few P generals dominate the sources of information, liquidity entrances, and emotional switches.
Most ordinary participants are liquidated before they even reach their "learning cost recovery period."

Most people don't have time to figure out:
•What this project is about
•Whether there are people building the community
•Where the consensus comes from

The market has already turned the page.

As a result, many people choose to leave.
It's not that they've lost all their money, but rather that they've completely lost the meaning of participation.

The issue isn't with MEME.

I strongly agree with @star_okx's viewpoint.

True MEME requires:
•Years of construction
•Continuous resource investment
•Long-term companionship and genuine care for the community
•Ensuring that every participant can truly benefit

The reason many people are leaving this year is not that they are failures.
But rather that many have discovered: this stage of the game no longer rewards construction, only speed and ruthlessness.

Without a construction cycle, only the price cycle remains.
Without community patience, only emotional harvesting remains.

Thus, the cryptocurrency space seems increasingly like a casino,
Not because technology has regressed,
But because construction has been squeezed out of the table.

X official has finally taken action, directly revoking API access for all InfoFi projects.
Simply put, they can't tolerate the flood of AI-generated spam replies and bot flooding. These bots are relentlessly posting content on the platform to earn points rewards, severely degrading the overall content quality. Cookie was the first to be targeted, and its Snaps service was forced to shut down immediately.

Lastly, the official added a sarcastic blow, stating that if your developer account gets banned, feel free to contact us—we'll help you migrate your business to Threads and Bluesky.

The level of sarcasm is truly unmatched. InfoFi is now effectively blocked by X itself, and the era of mining tweets for rewards is officially over.

Is Solana's official admin possessed or drunk? They're personally attacking competitors now—this move is truly baffling.

That said, Starknet's data is indeed a bit hard to swallow: 8 daily active users supporting a $10 billion market cap, averaging $125 million per user—more valuable than some startup founders.

With the ZK space so fiercely competitive, this is what we end up with? Those brothers who stayed up all night chasing airdrops and interacting with protocols must be shattered seeing these numbers now—worked so hard, only to be helping VCs climb higher.

I've noticed that when the cake isn't big enough, people start arguing over how to divide it, even obsessing over the crumbs they once dismissed.

Web3 is exactly like this now. Some have left, others are taking a break.

Those who once claimed they'd change the world are now calculating how many bags of rice their remaining chips can still buy. The pie has already been divided, leaving only a small portion still fiercely contested by many.

Actually, this is quite normal. When the market is booming, everyone feels like a chosen one. But when times get tough, it becomes clear that many were just there for the fun.

Only those who truly want to get things done will stay.

There is a man:
He was born in the coastal area of mainland China and later immigrated overseas.
He greatly promoted the ecosystem and application of cryptocurrency.
He started from scratch and became a super-rich figure in the cryptocurrency world.
He was once accused by the United States of money laundering.
He was punished by the United States and had a lot of money taken away.
He received protection from the highest decision-making bodies of his country.
He is not over 50 years old.
His name is abbreviated as CZ.
I'm sure you smart ones have already figured out who this man is.
That's right, he is: Chen Zhi of the Cambodian Prince Group.

This morning, on-chain analyst @Andrey_10gwei stated that the insider trader is suspected to be related to the Trump family project WLFI.

The analyst traced the funds on-chain and found that the two wallets funding this Polymarket account both deposited from Coinbase and then immediately transferred to Polymarket.

One of the wallets withdrew 252 SOL from Coinbase on January 1st, and about 23 hours ago, Coinbase happened to receive a deposit of a similar amount of on-chain SOL.

The deposit wallet's address is associated with the address of the WLFI co-founder.

Even more outrageous is that these wallets used the same deposit address on Coinbase, and the over $400,000 profit in Polymarket was withdrawn back to Coinbase not long ago, when $170,000 worth of Fartcoin was transferred back to the wallet he originally funded at Coinbase.

So he believes that whether this is all just a coincidence or if someone is leveraging insider information related to the WLFI co-founder to bet on Polymarket in advance and then return the earnings back to the original address through Coinbase.

In short, the coincidence of these events is so striking that this analysis sparked heated discussion this morning.

This screenshot, which was once extremely popular and had one in everyone's hands, was created by an author who had already gone 'All in AI' more than two years ago.

But that AI media also stopped operating last year, and I haven't seen any discussions; it seems no one cares.

In reality, most people in the cryptocurrency world end up suffering devastating losses. The KOLs on Twitter also remain silent collectively... Why? Because they are either sufficiently blackmailed, sufficiently poor, or sufficiently pretentious. They need to receive commissions and get paid every month... Why did the government start cracking down on the cryptocurrency world after October 11th? Because after that day, reports of various self-harm cases became too numerous, triggering many complaints and feelings of injustice. There's really nothing that can be done; after all, the founders of exchanges are all abroad, and this is the outcome of a lack of regulation. Markets regulated by the U.S. have independent apps and independent prices...

Why do you think the prominent figures from the last bull market still frequently post on Twitter and generate traffic? Why do they frequently ride the wave of attention? Because they also know that continuous trading is unstable, so they have many insights to share with you, because they have lost a lot and are trying to find a stable source of income...

PS: If you want to make money in the cryptocurrency world, you need to be sufficiently shady, sufficiently exploitative, sufficiently adept at image manipulation, sufficiently knowledgeable about AB warehouses, be willing to swallow your pride and engage in flattery, show everyone your best side, absorb traffic sufficiently, and only then can you make money beyond trading.

In an unregulated market, people are at the mercy of others... The future will be a cycle of restoration, as it has always been, starting from the sprouting of chives, growing robustly, then being nurtured, and finally being cut.

How many KOLs truly speak up for retail investors? I see just a few still persevering.

It's easy to ruin a young person
First, let them earn some money
Then harvest their wealth in another way
Expand their ambitions while minimizing their execution ability, and they will live each day in a daze.

Zuckerberg: I and a few executives have used this product Manus, and it feels good! Please tell the finance team to help buy it.

The next day.

Assistant: Boss, Manus has been purchased.

Zuckerberg: Great initiative, did you buy the Pro or Premium?

It's not about showing off wealth, but with my financial capacity, I can easily not work for the entire 2025.
👌

Oh, this is too bad, too bad.

A real friend by my side is the most courageous man I've met in 2025.

Here referred to as Old A, a post-00s individual with a college diploma from an ordinary family.

While repaying a mortgage, he also needs to renovate
While renting a house and paying rent
While buying a car in installments
While preparing for marriage and getting engaged
While purchasing furniture
While taking wedding photos
While working

He has accumulated the debts of an ordinary person within a single time frame, so courageous.
👍

For ordinary people, any one of these matters would typically be solved separately (setting aside wealthy individuals), but he seems to have made some sort of determination.
😂

In addition to working part-time, there are at least eleven ways to make money:

1. Arbitrage: Don’t underestimate being a middleman; wherever the goods are cheap and where they sell for more, just move them and you’ll make money. This is the oldest and most reliable logic.

2. Earning from traffic: Nowadays, everyone is glued to their phones—this is an opportunity! Publish articles, shoot videos, go live to gather traffic. With traffic, you can sell products, take ads, and earn commissions—traffic equals real money.

3. Earning from scarcity: Take stock of what you have that "others don’t": unique skills, exclusive connections, special channels. What others don’t have is your ace in the hole, and you hold the pricing power.

4. Earning from commissions: A single person working hard won’t get rich. Smart people team up with those who are more capable than themselves and take a cut from their earnings. The larger the team, the smoother the system, the more you earn in compound interest.

5. Earning from regional differences: China is so vast; local specialties might be rare in other places! Transporting goods from areas with overcapacity to those lacking them can yield profits beyond your imagination.

6. Earning from knowledge gaps: Insiders win against outsiders! You understand more than those outside the industry because you’ve been in it longer. This is how capital turns into training, consulting, and building paid groups, monetizing knowledge.

7. Earning from branding: The same piece of clothing can cost several times more just by putting a brand label on it—that’s brand premium! Once a brand is established and trusted, the product becomes a prestigious label, and profits naturally soar.

8. Earning from scale: Large sales volumes lead to economies of scale. Even if the profit per item is thin as paper, if you sell enough, it’s a fortune. You can also pressure suppliers for better prices, making it even more cost-effective.

9. Earning from time differences: Being a "mover" is super stable! Bring back hot foreign projects to your country or replicate first-tier city models in second- and third-tier cities. Information gap + time gap = open-book exam, with a high success rate.

10. Earning from imitation: Don’t think that "copying" sounds bad; it’s the most efficient way to try and fail! Break down successful cases from peers, replicate them, and then optimize and surpass, achieving rapid iteration with low costs.

11. Earning from investments: Make money make money, but beware of pitfalls. Once you invest wisely, it’s not about earning hard money; it’s about doubling your assets. It may be tough, but once you succeed, you’ll take off.

A friend from the cryptocurrency circle in Hangzhou was visited by Uncle Hat today because he received a scam call.

After checking all the mobile apps, he asked: Are you involved in virtual currency?
The friend replied: Yes.

Uncle asked: Have you made money?
He replied: Yes, I have made money.

Uncle said: Don't play with small coins; Binance and OKEx are relatively legitimate. Be careful with withdrawals and don't receive dirty money.

Finally, he asked my friend to delete TG, saying that there are many gray businesses on TG and it's not safe.

Recently, my mood has really been poor, including myself.

During the bad market conditions last year and the year before, I had various airdrop projects I could participate in, but now I really can't find any projects to engage with. This feeling of having no direction is particularly awful.

Scrolling through Twitter, many people are also posting motivational quotes that have little relevance to Web3.

Now, there are almost no people left who can still persist in sharing airdrop opportunities.