As the end of the year approaches, some projects in the crypto space definitely warrant a question mark. Without further ado, just looking at the setup of these projects can give you a sense of their level of dedication—especially MCH, which even developed its own public chain ecosystem, and a Web3 wallet from a major platform has supported it. At first glance, it seems quite impressive, but I dug deeper later and found that those so-called major collaborations are not really what they seem. What's more interesting is that these projects seem to have some subtle connections, with some inexplicable entanglements behind the scenes.

Honestly, the level of complexity in the primary market is much deeper than expected. When doing your research, you can't just rely on official promotions and ecosystem groundwork; you need to thoroughly investigate the details—track the flow of funds, verify the background of collaborations, and observe community discussions. Projects like $AR are worth continuous attention, but only if you stay sufficiently alert. One thing to say: be cautious, and even more cautious.