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The 1.24 Million Yuan Doll Labubu: A New Trend or a Bubble Trap?
When a doll with sharp teeth sells for an astronomical price of 1.24 million yuan, when celebrities compete to promote it, and when young people are willing to trade their iPhones for hidden versions, Labubu under Pop Mart is stirring an unprecedented frenzy. The stock price has surged nearly tenfold in a year, reminiscent of the madness of the NFT market in 2021. When trendy toys evolve into a financial game rather than mere toys, how long can this seemingly prosperous bubble last?
From Dolls to Social Currency: The Secret to Labubu's Popularity
1. Subverting Traditional Rebel Aesthetics
Labubu, with its unique sharp teeth, heterochromatic eyes, and charming smile, breaks the traditional cute aesthetic framework. Psychological studies indicate that this sensory paradox formed by the 'ugly-cute' style coincides perfectly with Generation Z's collective emotions of 'anti-involution' and 'social anxiety.' Just like the 'truth of stinky tofu,' the more bizarre the image, the more it can serve as an identity label that showcases individuality, providing an outlet for emotional release for young people.
From Dolls to Social Currency: The Secret to Labubu's Popularity
1. Subverting Traditional Rebel Aesthetics
Labubu, with its unique sharp teeth, heterochromatic eyes, and charming smile, breaks the traditional cute aesthetic framework. Psychological studies indicate that this sensory paradox formed by the 'ugly-cute' style coincides perfectly with Generation Z's collective emotions of 'anti-involution' and 'social anxiety.' Just like the 'truth of stinky tofu,' the more bizarre the image, the more it can serve as an identity label that showcases individuality, providing an outlet for emotional release for young people.
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You thought Binance was giving you benefits, but actually, the wool comes from the sheep #币安HODLer空投RESOLV
ZKJ and KOGE have entered harvesting mode, the two coins most liked for brushing points have plummeted, initiating a hell-level harvest. ZKJ's price dropped from $2 to $0.5; who can still hold on? KOGE's price fell from $63 to $8.5, it's simply devastating.
Just a single ZKJ contract has liquidated $93 million, not counting those who brushed points and got buried from selling spot. Are those users brushing points still not waking up?
This kind of airdrop is inherently an unhealthy model; continuously airdropping is just killing the goose that lays the golden eggs. Imagine to retain users, you need to constantly brush points—the exchange takes the transaction fees, but who will pay for the airdropped coins? Continuously releasing new bloodsuckers, all are garbage altcoins, definitely won't last long.
The liquidity in this market is constantly being extracted; altcoins won’t rise anytime soon. Let the leeks learn from their mistakes; there won’t be free lunch in the sky.
Facts have proven that in this round of market conditions, very few altcoins have risen more than Bitcoin. Altcoins lack liquidity, making it difficult for significant market movements to occur. If short-term interest rate cuts don’t come, altcoins will still struggle to have a seasonal rise.
#BLINKY #币安HODLer空投HOME
#
ZKJ and KOGE have entered harvesting mode, the two coins most liked for brushing points have plummeted, initiating a hell-level harvest. ZKJ's price dropped from $2 to $0.5; who can still hold on? KOGE's price fell from $63 to $8.5, it's simply devastating.
Just a single ZKJ contract has liquidated $93 million, not counting those who brushed points and got buried from selling spot. Are those users brushing points still not waking up?
This kind of airdrop is inherently an unhealthy model; continuously airdropping is just killing the goose that lays the golden eggs. Imagine to retain users, you need to constantly brush points—the exchange takes the transaction fees, but who will pay for the airdropped coins? Continuously releasing new bloodsuckers, all are garbage altcoins, definitely won't last long.
The liquidity in this market is constantly being extracted; altcoins won’t rise anytime soon. Let the leeks learn from their mistakes; there won’t be free lunch in the sky.
Facts have proven that in this round of market conditions, very few altcoins have risen more than Bitcoin. Altcoins lack liquidity, making it difficult for significant market movements to occur. If short-term interest rate cuts don’t come, altcoins will still struggle to have a seasonal rise.
#BLINKY #币安HODLer空投HOME
#
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How SOL Can Achieve the Vision of Nasdaq
Solana aims to create a decentralized trading network that is more efficient than Nasdaq, but existing blockchain designs have not met expectations. Current Solana market makers have a low win rate in the order cancellation race (far below the centralized exchange's 13%), and the Jito auction exacerbates the single leader's control over state access, leading to wider spreads. In response, it proposes a reconstruction of the consensus mechanism, introducing multiple concurrent leaders to optimize order sorting, reduce market makers' adverse selection costs, and improve price efficiency.
The original goal of Solana was to build a sufficiently fast and cheap blockchain to run a usable central limit order book. The Solana mainnet beta launched in March 2020 — it has been five years since, and while we have achieved quite a bit, it is increasingly clear that we have not yet realized this goal.
The original goal of Solana was to build a sufficiently fast and cheap blockchain to run a usable central limit order book. The Solana mainnet beta launched in March 2020 — it has been five years since, and while we have achieved quite a bit, it is increasingly clear that we have not yet realized this goal.
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Is the pump.fun token launch the last leg of MeMe?
Recently, the so-called 'Meme Engine' Pump.fun has once again stirred the market. Rumors about its upcoming token launch have triggered strong risk-averse sentiments in an already fragile on-chain ecosystem. Some call it a new benchmark for the attention economy; others label it as the 'number one toxic asset' in the Solana ecosystem.
So, is Pump.fun an untamed dark horse, or is it the last hurrah of the cryptocurrency FOMO culture? The storm surrounding this token launch may be the ultimate test of its true value.
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What happened: The heated discussion around the Pump.fun token launch
So, is Pump.fun an untamed dark horse, or is it the last hurrah of the cryptocurrency FOMO culture? The storm surrounding this token launch may be the ultimate test of its true value.
01
What happened: The heated discussion around the Pump.fun token launch
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The New Narrative Battle for Ethereum
You may have heard of the concept of 'Bitcoin strategic reserves'—perhaps from Michael Saylor and his company MicroStrategy, which converted almost all its cash into BTC. Now, Ethereum is also beginning to follow a similar path, with a new narrative accelerating: 'Strategic ETH Reserve' (SER). This is not just imitation but paving its unique way.
When the term 'strategic ETH reserve' first appeared, many thought it was just another gimmick on crypto Twitter. After all, the line between meme and reality is increasingly blurred today. But this time, it is evolving from a meme into a movement, from a social media joke into an organized initiative.
When the term 'strategic ETH reserve' first appeared, many thought it was just another gimmick on crypto Twitter. After all, the line between meme and reality is increasingly blurred today. But this time, it is evolving from a meme into a movement, from a social media joke into an organized initiative.
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What changes will Ethereum undergo after the Pectra upgrade?
The largest upgrade to Ethereum so far went live on Wednesday morning, streamlining the blockchain's cumbersome user experience, which has long been seen as a barrier to its widespread adoption.
The upgrade named Pectra was officially launched just after 10 AM London time on Wednesday.
In recent years, Ethereum's annual upgrade cycle has brought significant changes.
In 2022, a significant upgrade called 'The Merge' changed Ethereum's consensus mechanism, expected to reduce the blockchain's energy consumption by 99%.
It achieved this by changing how Ethereum approves transactions and adds them to the chain, replacing the original Bitcoin-like method with another called 'staking.' In the staking mechanism, users lock up their Ethereum in exchange for a small annual reward, thereby securing the network.
The upgrade named Pectra was officially launched just after 10 AM London time on Wednesday.
In recent years, Ethereum's annual upgrade cycle has brought significant changes.
In 2022, a significant upgrade called 'The Merge' changed Ethereum's consensus mechanism, expected to reduce the blockchain's energy consumption by 99%.
It achieved this by changing how Ethereum approves transactions and adds them to the chain, replacing the original Bitcoin-like method with another called 'staking.' In the staking mechanism, users lock up their Ethereum in exchange for a small annual reward, thereby securing the network.
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70%~80% of accounts are nearly zero, no one is playing in the crypto world anymore. Someone from a certain exchange revealed that compared to six months ago, 70%~80% of accounts have nearly zeroed out and entered a state of dead accounts. The number of new users skyrocketed after Trump announced his token, reaching a peak and then plummeting sharply; now it’s only 2% of the peak. In just six months, nearly 80% of retail investors have fallen.
This is why leading exchanges are in a hurry; the bosses are personally stepping in to activate the market (desperately struggling). There are no users left, it's harsher than the major A-shares! The trading volume of the top ten stablecoins has dropped to a quarter of last December's bull market levels, hitting a seven-year low. Damn Trump, he drained the liquidity from the crypto world and burst its bubble.
The most intuitive data, a friend who was doing arbitrage, could earn over 2000 🔪 in daily arbitrage fees last year, but now with more subordinates, he only makes a little over 100 🔪 a day, it’s so cold that it scares him.....
#BTC #ETH #SOL #BLINKY
This is why leading exchanges are in a hurry; the bosses are personally stepping in to activate the market (desperately struggling). There are no users left, it's harsher than the major A-shares! The trading volume of the top ten stablecoins has dropped to a quarter of last December's bull market levels, hitting a seven-year low. Damn Trump, he drained the liquidity from the crypto world and burst its bubble.
The most intuitive data, a friend who was doing arbitrage, could earn over 2000 🔪 in daily arbitrage fees last year, but now with more subordinates, he only makes a little over 100 🔪 a day, it’s so cold that it scares him.....
#BTC #ETH #SOL #BLINKY
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From Slum to Crypto Big Player
Recently, the former PEPE big shot has transformed into a contract whale, frequently opening contracts with positions of hundreds of millions of dollars on Hyperliquid, attracting market attention. As one of the few whales publicly identifying themselves and actively participating in the community on Hyperliquid, James Wynn's daily position changes have become a hot topic for many investors.
What is James Wynn's background, and how does he influence the entire market with his statements and positions?
The '10U War God' who started with PEPE
According to James Wynn's self-description on Twitter, he was born in a 'forgotten small town' in England, filled with crime, drugs, alcohol, and poverty. James Wynn stated that he lived in dire conditions from a young age, 'barely making ends meet each week.'
What is James Wynn's background, and how does he influence the entire market with his statements and positions?
The '10U War God' who started with PEPE
According to James Wynn's self-description on Twitter, he was born in a 'forgotten small town' in England, filled with crime, drugs, alcohol, and poverty. James Wynn stated that he lived in dire conditions from a young age, 'barely making ends meet each week.'
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Survival Rules in the Cryptocurrency Circle
1. Contrarian Thinking: When FUD (Fear, Uncertainty, Doubt) is high, opportunities are often hidden.
2. Follow the Trend: Operate cautiously in a bear market and boldly in a bull market.
3. Focus on Leaders: Prioritize buying leading stocks (the front runners).
4. Gradual Positioning: Consider adding positions during an uptrend; a good trade should start with profit.
5. Emotional Discipline: Avoid impulsive gambling and maintain rationality.
6. Patient Waiting: Only take action at the best timing within the hitting zone.
7. Minimum Resistance: Operate in the direction of market trends.
8. Decisive Stop Loss: Once the trend reverses, exit quickly to preserve capital or minimize losses. #BLINKY #币安AlphaSUI生态交易竞赛 #以太坊安全计划 #美国PPI数据来袭
2. Follow the Trend: Operate cautiously in a bear market and boldly in a bull market.
3. Focus on Leaders: Prioritize buying leading stocks (the front runners).
4. Gradual Positioning: Consider adding positions during an uptrend; a good trade should start with profit.
5. Emotional Discipline: Avoid impulsive gambling and maintain rationality.
6. Patient Waiting: Only take action at the best timing within the hitting zone.
7. Minimum Resistance: Operate in the direction of market trends.
8. Decisive Stop Loss: Once the trend reverses, exit quickly to preserve capital or minimize losses. #BLINKY #币安AlphaSUI生态交易竞赛 #以太坊安全计划 #美国PPI数据来袭
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Now that the market has risen, everyone is shouting about a bull market. I believe that the bull market has not yet arrived; there will be another round of correction, with Bitcoin dropping to between 80,000 and 90,000 dollars in May, continuing until next month. After June, I expect the Federal Reserve to cut interest rates, which will ignite the bull market. This round of the bull market will truly begin.
This is purely a personal opinion, whether it's right or wrong
#牛市进行中… #BLINKY #BTC
This is purely a personal opinion, whether it's right or wrong
#牛市进行中… #BLINKY #BTC
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🔥 Explosion! The founders of Pump and Bonk actually got into a huge fight on Twitter, who is the real winner? 🔥
The founders of Pump and Bonk actually erupted in conflict on Twitter, instantly igniting the entire crypto community! Who do you support, brothers? This "verbal battle" is escalating, and the situation is getting more exciting! #BLINKY #pump #BON #glonk
The founders of Pump and Bonk actually erupted in conflict on Twitter, instantly igniting the entire crypto community! Who do you support, brothers? This "verbal battle" is escalating, and the situation is getting more exciting! #BLINKY #pump #BON #glonk
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Bull Market Survival Rules
If you are experiencing a bull market for the first time, you are likely to hold on during a 60-80% drop, and you might even lose money (many people fail because of greed). If it’s your second time, you might sell too early because of the trauma (PTSD) from the previous cycle.
Rule 1: Don't chase whole numbers.
If you're young, is your goal 1 million dollars? Guess what will happen; you might reach 876,000 dollars or close to that, and then the market will suddenly correct sharply.
If your goal is 5 million dollars? You might reach 4,678,923 dollars, and then suddenly a -70% crash happens. And so on.
Rule 1: Don't chase whole numbers.
If you're young, is your goal 1 million dollars? Guess what will happen; you might reach 876,000 dollars or close to that, and then the market will suddenly correct sharply.
If your goal is 5 million dollars? You might reach 4,678,923 dollars, and then suddenly a -70% crash happens. And so on.
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Before Trump took office, everyone hoped that Biden would step down soon because Trump is the president who supports cryptocurrency. When Trump took office, the spring of the crypto world arrived, but after he took office, oh my, this is not a crypto president at all, this is simply a vegetable harvesting machine 🥹 Are people now missing Biden again? 😂
#BLINKY #加密市场回调 #美国加征关税
#BLINKY #加密市场回调 #美国加征关税
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Ethereum vs. Solana: Validator Centralization and MEV
Ethereum vs. Solana: Validator Centralization and MEV
Ethereum's validator centralization and staking dominance
Ethereum's proof-of-stake network has seen staking rights highly concentrated in a few large entities. As of 2023, most staked ETH is controlled by centralized pools or exchanges. For example, Lido Finance alone accounts for about 30-32% of all staked ETH. Combined with other top providers like Coinbase, Kraken, and Binance, over 50% of Ethereum's stake is held by four entities. This trend immediately raised early concerns after The Merge - by the end of 2022, over 60% of staked ETH was held by Lido, Coinbase, Kraken, and Binance. Overall, analyses indicate that a small number of participants wield excessive influence: about 25 entities collectively manage ~84% of all staked ETH. This centralization means that a few operators could influence or censor a large portion of validators, posing systemic risks to network decentralization and consensus. Although Ethereum has hundreds of thousands of validator slots, many are run on behalf of users by these large proof-of-stake services, thus centralizing control.
Ethereum's validator centralization and staking dominance
Ethereum's proof-of-stake network has seen staking rights highly concentrated in a few large entities. As of 2023, most staked ETH is controlled by centralized pools or exchanges. For example, Lido Finance alone accounts for about 30-32% of all staked ETH. Combined with other top providers like Coinbase, Kraken, and Binance, over 50% of Ethereum's stake is held by four entities. This trend immediately raised early concerns after The Merge - by the end of 2022, over 60% of staked ETH was held by Lido, Coinbase, Kraken, and Binance. Overall, analyses indicate that a small number of participants wield excessive influence: about 25 entities collectively manage ~84% of all staked ETH. This centralization means that a few operators could influence or censor a large portion of validators, posing systemic risks to network decentralization and consensus. Although Ethereum has hundreds of thousands of validator slots, many are run on behalf of users by these large proof-of-stake services, thus centralizing control.
Now that the market has risen, everyone is shouting about a bull market. I believe that the bull market has not yet arrived; there will be another round of correction, with Bitcoin dropping to between 80,000 and 90,000 dollars in May, continuing until next month. After June, I expect the Federal Reserve to cut interest rates, which will ignite the bull market. This round of the bull market will truly begin.
This is purely a personal opinion, whether it's right or wrong
#牛市进行中… #BLINKY #BTC
This is purely a personal opinion, whether it's right or wrong
#牛市进行中… #BLINKY #BTC
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The traditional four-year bull-bear cycle is no longer in place; it has been replaced by a super slow bull market with a ten-year cycle.
My judgment on the trend of BTC is that the traditional four-year bull-bear cycle is no longer in place, replaced by a super slow bull market with a ten-year cycle.
1. Two major holders, MicroStrategy and ETF, together hold 1 million Bitcoins. From the drop from 110,000 to over 70,000, 95% of their BTC remains. Their intention to hold long-term against inflation is obvious, which is the main reason why it won't drop below 70,000 in the short term.
2. All technical indicators support a 50% drop for BTC. Altcoins are at their necks, but BTC isn't dropping. If it doesn't drop, it must rise; the bull market isn't over.
3. BlackRock's CEO said that the next ten years will be the net adoption period for Bitcoin. Institutional positions in Bitcoin are extremely low, averaging below 1%, and they are slowly building positions at lower prices, which also aligns with the inference that the bull market is still ongoing.
1. Two major holders, MicroStrategy and ETF, together hold 1 million Bitcoins. From the drop from 110,000 to over 70,000, 95% of their BTC remains. Their intention to hold long-term against inflation is obvious, which is the main reason why it won't drop below 70,000 in the short term.
2. All technical indicators support a 50% drop for BTC. Altcoins are at their necks, but BTC isn't dropping. If it doesn't drop, it must rise; the bull market isn't over.
3. BlackRock's CEO said that the next ten years will be the net adoption period for Bitcoin. Institutional positions in Bitcoin are extremely low, averaging below 1%, and they are slowly building positions at lower prices, which also aligns with the inference that the bull market is still ongoing.
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