The Truth Behind the Outflow Wave

This year, many people are indeed leaving the scene. But the reason isn't a loss of faith—it's that the bottom is simply uncatchable.

You think you're catching the dip, but you're just陪ing the meat grinder to spin. The current套路 of altcoins is very clear: they peak immediately after上线, then not a single bullish candle can be pulled out. Who still dares to play this?

The Result of Repeated Education

This circle has taught patience out of people. Don't reach out, or you'll get割—this has become a consensus now. Market operations are like a精密抽血机, draining liquidity as soon as you enter, then disappearing.

The trend of退出 not necessarily signals panic底, but more like PVP grinding people's hearts away. The bottom may take a long time to磨, and only by surviving can you wait for the next round.

In extreme emotions, there are indeed opportunities, but don't take any phrase as gospel. Watch liquidity and assess risk; staggered布局 is always better than a full梭哈.

What's wrong with this circle?

Too many people come here for scams. The bad news is that the生态 has already become臭, but the good news is that scammers have骗通透了 the韭菜, making it harder to target them in the future.

Capital operations have turned into a冲刺赛. Starting from a few years ago, the一级市场 narrative has崩了, and now only极限速度的Pump & Dump remains. Token factories are倒得飞快, project teams are too lazy to even craft stories, just拿着就砍.

It's not that no one wants to build, but this生态 only rewards手快 and心狠—when "doing things" lose their value,退出 becomes a rational choice.

The Rules of the Game Have Changed

The previous cycles had a time span. Some wrote code, some built communities, some argued, and stories could be told for a long time, with more容错.

Now? Once a token is issued, a contract is thrown, KOLs turn, lines are drawn, liquidity is cleared—what's called a project can be演完 in just a few days.

This isn't competition; it's淘汰赛. The淘汰 isn't能力, but反应速度.

Assets are rapidly集中 to a few people. Those who掌握信息, liquidity, and舆情开关 are hunting, while most haven't even搞明白 what the project is doing before being踢出去了.

So many people have left. It's not because they've亏到没钱, but because they find this game无趣. Truly MEME projects require years of打磨 and community陪伴, not a few days of清空 and收割. The crypto圈从来不缺机会，缺的是风气。