According to past experience, once a narrative reaches a climax and then returns to zero, even if it improves, it is difficult to return to half or even one-tenth of the peak of Zeng Jin. For example, NFT: Examples are Opensea, Blur, Magiceden, APE For example, GameFI: Examples are GMT, AXE For example, inscriptions: ORDI, Sats Another example is Solana's MEME: such as Trump, WIF (Pengu is a special case) What is the root of it? It is PTSD (post-traumatic stress disorder), although this statement conflicts with the statement that Leek's memory is only seven seconds, but Smart Qian still remembers, and Leek will run faster. So it is difficult for the old narrative to pull out a new climax. I don't really hope that MEME can continue to rise again, I feel difficult. And what are the trends and hype hotspots that can be seen so far? 1: Currency stocks: Currency stocks are pulled at the same time, and Davis double-clicks, which will suck blood on tokens without currency stock spirals, and at the same time can pull the ecological currency related to currency stocks to produce an effect. 2: Perp DEX: This will be very slow, because OrderBook Perp is difficult to do, not that everyone is not smart enough, but that Perp DEX is really difficult to do. Hyperliquid started out as a slush one, Jeff is a Harvard genius, a double major in mathematics and computer science, an Olympic gold medal in physics, and has worked at Hudson River Trading. What does a good Perp DEX need? Clearing, market making, matchmaking, front-end second-level updates. All this is not easy, and it is really difficult to do a good Perp Dex for Order Book. However, a good Perp DEX has a flywheel, good liquidity and experience, more fees, and a higher value of the token buyback model. I only like products with a flywheel effect now, betting heavy when no one finds out, selling after Davis double-clicks. It's good to make fewer shots, and then post a fierce order.