The issue with memes is not about a downturn or anything, but rather the veil of secrecy has been torn away, and the mystery is gone. vcB is no longer played by everyone; do you remember the background? Everyone has realized that vcB is just taking over. Then everyone plays memes, but 'after the Libra battle, we collectively beg for alms,' which reveals many dark secrets behind it. You will find that from DEX to platforms, these issuers have united, and their deflationary tactics have swiftly and brutally eliminated retail investors. Let's compare vcB; the project parties and investors take 50% openly, but with lock-up, they can gain some chips through market makers or fake airdrops, but it’s still not much. Everyone plays slowly together, and even then, people are no longer playing—because it inherently holds no value, and everyone is slowly offloading. MemeB, in the early stages, when these institutional whales weren't involved, people could still play. For example, with bome, institutions never expected that we, the common folks, would get in early and make a lot. Even with something like neiro, it’s possible that only a few community members hold the chips; they also have their beliefs and shout out, generally speaking, they prioritize family first, then see who runs faster. But with Libra, the president's wife and others are all market makers, project parties, insiders, and large cuts, who initially take 90% of the chips and then frantically dump them to everyone within hours or days... This is the current meme. Therefore, I personally believe we can reasonably infer a few things: 1. There will not be any super large capital because I, along with all the meme experts, probably wouldn't dare to increase our positions anymore; if we do, we would run away quickly. Without a leading vehicle, large capital will not come out—especially since the current meme project parties have already precisely harvested; as long as you dare to buy, they will quickly harvest. 2. If there is no market for memes, SOL will be very weak! So I hold very little. 3. In this round of the bull market, the earliest signal was when SOL rose from 10 to over 20; now if SOL fails, and if vcB and the altcoins don't buy, the volatility will become very weak.