In the past, the projects were packaged with stories, logic, and imagination.
Now the market is no longer fooled by that; mainly, the project parties are too ruthless, only thinking about their own profits, not even letting retail investors have a taste of the bones and soup.
Now retail investors have consumed too many promises made by the project parties, and they have learned to be smart; since it’s all just air, they might as well just buy air directly.
Air is something everyone can breathe, at least it's fairer, so they go directly for MEME coins,
This phenomenon became mainstream at the beginning of 2024. By the end of 2024, during that round of big coins, this time, the leaders and explosive growth were all MEME coins.