The capital flow in this round of the bull market is different from before. Many cryptocurrencies are destined to be eliminated by history. If you still fantasize that it will be like the bull market of 2021, where everything was lifted by the overall market, that is too naive. Look at the last wave of AI agents; many projects with hundreds of stars on GitHub were ultimately eliminated. This shows that the current capital is smarter. If you do not have a truly usable product, genuine core competitiveness, or enough real users, no matter how much you brag, you will not win the market.