Yesterday, why was $SPK a big deal? Because the number of Alpha users has shrunk from the peak of 233,000 on June 12 to 70,000, and the enthusiasm and willingness to participate among retail investors have plummeted.
If Alpha wants to restart its growth engine in the future, it will have to find a new balance between fair distribution and risk control mechanisms. Alpha points should no longer focus only on trading volume or LP amounts, but should lean more towards dimensions such as holding duration, interaction depth, and real demand. However, this will increase the difficulty of operation for retail investors, making it no longer simple and highly profitable, which will reduce participation from some individuals.
