In the field of Crypto Assets, we often see some interesting phenomena. Meme coins like DOGE, SHIBA, and $PEPE, although lacking a clear ecosystem or practical application, can cause huge Fluctuation due to a social media post related to dogs. This phenomenon is thought-provoking.

In fact, this is not a technical issue, but rather a market driven by stories and hype. The operating model of this market is roughly as follows:

First, a new hot topic has attracted the attention of investors. Subsequently, a large amount of capital began to flow into this emerging field. This led to a rapid increase in the prices of related assets, sometimes even reaching a crazy level. During this process, some experienced investors quietly withdrew their funds. Meanwhile, many retail investors may buy in at high levels, ultimately getting trapped. When the market's heat fades, prices begin to decline, until the next hot topic emerges, and the entire cycle starts again.

In such a market environment, no matter how thoroughly you research a project, no matter how brilliant the project's roadshow is, or even how detailed the white paper is written, the market seems to only focus on the current hot topics.

Faced with such a reality, every participant needs to make a choice: to express dissatisfaction and criticism towards this behavior of the market, or to accept the status quo and learn to adapt to the rhythm of the market. In any case, understanding this cyclical and hotspot-driven characteristic is crucial for survival and development in this market.