I looked at the leaderboard for this USD1 trading competition, which has been going on for 20 days now. There is already a gap between the Eagle and the second place, which should be relatively stable.

EGL1 on-chain trading volume is $2.17B, with over 20,000 interactions. Janitor and Liberty follow behind, but the gap has already widened. Importantly, this is happening without any CEX listings.

A couple of days ago, despite a significant market pullback, EGL1's trend remained stable; its popularity and trading volume were also steady. If it can withstand such trading volatility for so many days in this market, do you really think it's just a short-term sentiment play? I don't believe that.

At first, I thought it was just a meme, but later I realized that its structure, rhythm, and even the visual system are far too sophisticated to have been created just to catch some hype.

This made me seriously investigate its relationship with USD1 and WLFI.

As everyone knows, the stablecoin USD1 is promoted by @worldlibertyfi. It is positioned as a 'stablecoin of the American spirit', with narratives centered around 'freedom, anti-regulation, and grassroots autonomy', emphasizing Web3 versions of grassroots financial sovereignty.

So what is @EGLL_american?

It is the visual and cultural expression of this narrative.

The logo is a bald eagle, Eagle First; a symbol of 'America First'.

Tweets closely follow American hot topics, not missing anything from the Los Angeles riots, Trump rallies, to Musk's feuds;

All social media visuals are extremely unified, clearly in an American style, not using the Asian meme approach of funny face packs;

Even when WLFI co-founder Zach retweeted the collaboration between Bitget and DWF Labs, the emoji he used was 🦅☝️ (you know what I mean).

In simple terms, USD1 is the functional coin, while EGL1 is the cultural coin.

If you want to build an ecosystem, you need a financial foundation (USD1) + an emotional outlet (EGL1).

The combination of these two is so natural, it doesn't feel like a last-minute arrangement, but rather a pre-established dual core.

Why do I think it’s far from over?

EGL1 has already transitioned from the 'expectation stage' to the 'realization stage'.

The Four competition is about to finish, and barring any surprises, the championship is basically locked;

After winning, the WLFI foundation will allocate $400,000 to buy EGL1;

The entry of Bitget and DWF indicates that mainstream market makers and platforms are starting to take the USD1 ecosystem seriously;

EGL1 happens to be the one with the largest trading volume, highest topic relevance, and most 'mainstream standard' meme-like characteristics.

Moreover, it hasn't been listed on Binance ALPHA, hasn't been listed on BITGET, hasn't been listed on Bybit... but its concept is already clearer and more unified than a bunch of listed projects. The narrative space has not been fully priced by the market yet. I expect to see at least over $100 million in the short term.

In the end, I can only say, do not underestimate the power of narrative, especially when that narrative has structure, money, and resonance. Just hold on to it; the rest is just a matter of time.