ETH's logic of rising and falling now has no fundamental factors, it completely depends on whether the leaders continue to buy or sell. Why is it called a high-end memecoin? Because its leaders are actually Yi Boss and Dovey, especially since Yi Boss's address has been monitored closely; once the leaders start running, it will definitely lead to a sudden drop and panic selling with ETH.

As for SBET, it's basically because the market feels that it won't be able to raise that much money, so if the leaders don't have money to keep pushing up, the smart retail investors will start preparing to exit. Retail investors in the crypto space have become incredibly savvy through experience.

Of course, if they really can raise these tens of billions of dollars, this bubble can continue to inflate for a while. However, a sudden drop in the future is basically foreseeable.