The circle is now in a state of dejection. The core is this: if the copycat doesn't move, the wallet won't get fat, and the mood will naturally collapse.

But if we really want to talk about how bad the "project quality" is, in fact, from the ETHICO to today, the scam has not been upgraded, and what is shaking is the liquidity.

Someone asked:

"Since I can only make money by waiting for the release of water, why don't I go to the US stock market?"

The difference is huge-

US stocks: thank God for double or triple the leverage;

Coin circle: once the market goes crazy, small capital can still rebound to hundreds of times, and small investment is the signboard.

Looking back at history, every round is "innovation narrative + crazy growth" to rekindle people's hearts:

Last year, liquidity was also tight, but there were still people using 10SOL capital to print money on Pumpfun every day.

No one believed that DOGE and PEPE could fly. When the wind really blows, even dogs are rockets.

So the essence has not changed:

24h global casino, ultimate free flow;

The entrance ticket is low, the ceiling is high;

The only thing missing is the next release of water, or a new narrative.

The suggestions are also commonplace:

Not much capital, still young? Staying in the cryptocurrency circle to wait for opportunities is more realistic than drilling a wall in the US stock market;

Already A8/A9 level funds? The size is too large and the board is too narrow, it may be more comfortable to go to the US stock market.

Don't forget——

Without a community, there will be no community, and without a narrative, there will be no narrative;

Once the wealth effect returns, faith will also be fully revived.

Keep some bullets, just don't sleep through the next wave of miracles.