The investment landscape in 2025 is different...

In previous years, we still discussed enthusiastically the factors of the project:

> - Narratives (stories driving the market)

> - Catalyst (catalysts attracting capital flow)

> - On-chain analysis

> - Tokenomics analysis

> ...

Entering 2025, there is no alt season but only "crime season":

> - Coin pump and dump without reason

> - Celebrities and projects continuously releasing "useless" tokens

> - Hacks, "maximizing extraction" from retail everywhere

> - Insiders colluding to ambush holders

> ...

=> In particular, U.S. President Donald Trump always causes financial markets to shake continuously, and the enthusiasm of retail investors is also increasingly subdued with both new and old projects.

=> For the market to develop again and attract new participants, there must be unified and consistent policies from the leaders of various countries.

=> At the same time, within the market, the issue of transparency of projects needs to be addressed.