The current market is somewhat upside down. Think about it, if capital discovers that 'issuing a token is much faster than doing solid technology to make money', who would still be willing to focus on R&D? Just like the Solana chain, where various Meme coins are trading everywhere, it looks very lively, but the underlying technology upgrades have actually stalled, and no one is seriously pondering how to make it more stable and secure. Ethereum is similar; among the new projects, nine out of ten are trying to create 'celebrity tokens', while truly problem-solving decentralized applications are used by fewer and fewer people, gradually being neglected.

What is even more worrying is the issue of trust. Ordinary people can't distinguish which ones are genuinely working on technology and which are just using fame to make money. When those tokens branded with celebrity names drop to worthless levels, people often criticize not the celebrity, but the entire crypto industry, feeling that it's all a scam. As a result, good things are pushed away by bad things, and what should have been a 'value internet' slowly turns into a 'cash machine' for celebrities.

The issue of celebrities issuing tokens is just using the shell of blockchain to gather wealth from fans. Celebrities exchange their fame for quick money, capital inflates concepts and creates bubbles, and retail investors, holding their savings, gamble on fantasies. Once the hype fades and the tide recedes, all that remains on the beach are useless 'IP token' remnants, along with the severely hurt ordinary investors. In fact, the truly valuable things in this industry have always been hidden in those unnoticed code innovations, unrelated to the glow of celebrities. #名人MEME热潮