Consumers in the crypto space have reduced trust in the market, currently in a stage of liquidity fragmentation, with project teams switching to cashing out through major cryptocurrencies. The hype around alternative narratives has peaked, but it does not rule out that 2025 could be a new breakout year for crypto. Crypto payments, consumption, and trade settlement should bring about new incremental markets; however, the overly diligent retail project team VCs from 2024 have already exited, completing a new round of wealth redistribution. But June and July are the second best phases for this year's layout, with this year's 59,894,768,465 reaching 130,000-140,000 U, 55,493,857,165,200-240 U, and 94,103,924,266,700-3000 U. We'll see when we get there.