Lannnnnn

It's boring now. I've been chasing and refreshing for over 10 days, and I haven't gotten anything. I've already lost on the handling fees. The only few that can be refreshed are already in stock, and the points are getting higher. Retail investors can't keep up.

#空投发现指南 Five, Common Misunderstandings and Precautions**
- **Beware of Scams**: Do not disclose your private key; official airdrops do not require payment (as emphasized by the Shiba Inu team to submit information through proper channels).
- **Rule Changes**: Airdrop eligibility may change (for example, MegaETH currently has no token plan, so stay updated).
- **Tax and Compliance**: Some projects restrict participation from certain regions (for instance, US users cannot receive the TREAT airdrop).

#空投操作全指南 3. Risk Control and Strategy Optimization**
1. **Anti-Witch Attack Design**
- The project team uses technologies such as Worldcoin ID and social graph analysis to filter out fake accounts. Users should avoid duplicate operations with multiple accounts and focus on genuine interactions (such as Abstract's anti-witch mechanism).

2. **Fund and Time Allocation**
- **Free Category**: Prioritize participation in testnets and task-based projects (such as WalletConnect's social tasks).
- **Paid Category**: Assess cost-benefit analysis, for instance, cross-chain bridge interactions (Orbiter Finance) or liquidity provision (Pump.fun needs to pay attention to meme coin volatility risks).

3. **Long-Term Value Orientation**
- Choose tokens with governance and staking functions (such as Celestia's TIA), and pay attention to the project roadmap and team background (such as Zora Network supported by Coinbase).

#空投防骗手册 Preparation Work**
- Create a multi-chain wallet (MetaMask, Phantom, etc.) to ensure compatibility with mainstream public chains.
- Follow airdrop aggregation platforms (AirdropAlert, Earnifi) and the project's official social media (Discord/Twitter).

2. **Task Execution**
- **Testnet Interaction**: Claim test coins, cross-chain transfers, use DApps (such as Morph L2's DEX test).
- **Ecosystem Contribution**: Stake assets (such as Monad), participate in community activities (such as Fantasy's tournament rankings).
- **Exchange Tasks**: Complete transactions or lock-up on specified platforms (such as Binance's Alpha zone).

3. **Recording and Verification**
- Use tools (such as Airdrop Checker) to verify eligibility, establish a task table to track progress, and avoid missing snapshot times (such as Zora's two-phase snapshot).

#苹果放宽加密规则 ZetaChain, StarkNet, zkSync, etc. qualify through interacting with testnets and must complete cross-chain transactions, contract deployments, and other tasks.
- **Strategy**: Prioritize projects with mature technology and strong capital support (such as LayerZero, invested by a16z), regularly participate in testnet tasks and retain interaction records.

2. **Ecosystem Contribution Airdrop**
- **Case**: Babylon Network requires users to stake Bitcoin or participate in GitHub open-source contributions; Abstract rewards active users through daily use and an XP points system.
- **Strategy**: Long-term participation in governance voting (such as Jupiter's second round airdrop), providing liquidity, or contributing to tool development.

$BTC ZetaChain, StarkNet, zkSync, etc. Obtain qualifications through testnet interactions, requiring completion of cross-chain transactions, contract deployments, and other tasks.
- **Strategy**: Prioritize projects with mature technology and strong capital support (such as LayerZero, which is invested by a16z), regularly participate in testnet tasks, and retain interaction records.

2. **Ecosystem Contribution Airdrop**
- **Examples**: Babylon Network requires users to stake Bitcoin or participate in GitHub open source contributions; Abstract rewards active users through daily usage and XP point system.
- **Strategy**: Long-term participation in governance voting (such as Jupiter's second round airdrop), providing liquidity, or contributing to tool development.

#XRPETF XRP ETF Definition and Operation Mechanism
**XRP ETF (Exchange-Traded Fund)** is a financial product that tracks the price performance of XRP, allowing investors to buy and sell fund shares through traditional securities exchanges (such as NASDAQ) to gain indirect exposure to XRP without directly holding the cryptocurrency. Its operation mode includes:
1. **Asset Support**: The fund anchors asset value by holding XRP or related derivatives (such as futures contracts).
2. **Trading Method**: Investors trade ETF shares in the secondary market, with prices determined by market supply and demand, while management fees (usually 0.2%-0.95%) are deducted.
3. **Liquidity Advantage**: Compared to direct trading of XRP, ETFs provide higher liquidity and lower trading slippage.

Definition and Operation Mechanism of $XRP XRP ETF
**XRP ETF (Exchange-Traded Fund)** is a financial product that tracks the price performance of XRP, allowing investors to buy and sell fund shares through traditional securities exchanges (such as NASDAQ), indirectly gaining exposure to XRP without directly holding the cryptocurrency. Its operation mode includes:
1. **Asset Support**: The fund anchors its asset value by holding XRP or related derivatives (such as futures contracts).
2. **Trading Method**: Investors trade ETF shares in the secondary market, with prices determined by market supply and demand, while deducting management fees (usually between 0.2% and 0.95%).
3. **Liquidity Advantage**: Compared to directly trading XRP, ETFs offer higher liquidity and lower trading slippage.

Definition and Mechanism of XRP ETF
XRP ETF (Exchange-Traded Fund) is a financial product that tracks the price performance of XRP, allowing investors to buy and sell fund shares through traditional securities exchanges (such as NASDAQ), indirectly gaining exposure to XRP without directly holding the cryptocurrency. Its operating model includes:
1. Asset Support: The fund anchors the asset value by holding XRP or related derivatives (such as futures contracts).
2. Trading Method: Investors trade ETF shares in the secondary market, with prices determined by market supply and demand, while management fees (typically 0.2%-0.95%) are deducted.
3. Liquidity Advantage: Compared to directly trading XRP, ETFs offer higher liquidity and lower trading slippage.

$ETH replaces the Ethereum Virtual Machine (EVM) with the open-source instruction set architecture RISC-V, improving execution efficiency by 100 times and reducing the cost of complex operations (such as zero-knowledge proofs).
- **Compatibility**: Developers can still use Solidity or Vyper to write contracts, with a transition period of 2-3 years, ultimately competing with efficient chains like Solana.

The future of Ethereum depends on the pace of technological upgrades, support from the regulatory environment, and continuous innovation in the ecosystem. The short-term Pectra upgrade will solidify its position as a smart contract platform, while long-term plans like RISC-V aim for higher efficiency. Despite challenges from competitors like Solana, Ethereum's first-mover advantage in the developer community, DeFi, and NFTs still provides it with a moat. **2025 could be a key year for Ethereum's comeback, but caution is needed regarding market volatility and regulatory risks.

#中美贸易关系 President Trump of the United States pressures Federal Reserve Chairman Powell, raising concerns in the market about the independence of the central bank. The US dollar index falls to its lowest level since January 2024, driving funds towards cryptocurrencies such as Bitcoin, which are seen as alternative safe-haven assets. At the same time, gold prices hit a new historic high, further confirming the market's demand for inflation protection and safe-haven assets.

The recent rebound is the result of the expectation of loose macroeconomic policies, a weak dollar, and technical breakthroughs. However, the market remains constrained by policy uncertainty and the volatility of capital flows. In the future, close attention should be paid to the Federal Reserve's policy path, geopolitical risks, and industry technological upgrades (such as progress in Bitcoin Layer 2) for their further impact on market sentiment. In the long term, the approaching Bitcoin halving event (April 2025) may inject new momentum into the market through supply contraction logic, but historical experience shows that its effects usually manifest with a delay of several months.

For ordinary investors, if you intend to participate in the TRON ecosystem through traditional financial instruments, you should pay attention to the following alternative paths and risks:
- **Directly holding TRX**: TRX can be purchased on compliant exchanges, but you must bear the high volatility of the cryptocurrency market, the operational risks of the project party, and the risks of regulatory policy changes;
- **Indirect investment**: Some actively managed funds may have exposure to the TRON ecosystem, so you need to carefully review the holding disclosures;
- **Derivatives market**: Some platforms offer TRX futures or options contracts, but the risks of leveraged operations are high, so careful assessment is required.

If TRON achieves breakthroughs in underlying technology upgrades (such as higher throughput, lower transaction fees), compliance processes (such as clarifying token attributes, improving KYC mechanisms), and ecological application implementations (such as large-scale commercial-grade DApps), along with the overall market maturity of cryptocurrency ETFs, the feasibility of TRON ETFs will be significantly enhanced. In addition, regional financial markets (such as countries in Europe and Asia that have an open attitude towards cryptocurrencies) may become early pilot directions.

In recent years, the price of the SOL token on the Solana blockchain platform and its ecological activity have significantly increased. This surge can be analyzed from multiple dimensions. From a technical perspective, Solana achieves high throughput capacity through a historical proof consensus mechanism and parallel processing architecture, capable of processing thousands of transactions per second at an average cost of less than $0.01. This advantage is particularly prominent during periods of congestion on the Ethereum network. After the mainnet upgrade in 2023, which introduced the QUIC network protocol and fee market mechanism, network stability and resource allocation efficiency have further improved, providing a foundation for the migration of high-frequency trading applications.

As of April 2025, the crypto market shows significant differentiation: Bitcoin's decline is relatively limited (less than 20%) due to institutional accumulation and its 'digital gold' properties, while the total market capitalization of altcoins has plummeted by 41% from the peak in December 2024. Venture capital scales have shrunk by 50%-60%, market sentiment is cooling, entering the early stage of a 'crypto winter.' On a macro level, expectations for Federal Reserve interest rate cuts are intertwined with geopolitical policy games. The crypto reserve policy promoted by Trump after the U.S. elections has temporarily boosted some tokens, but global tariff escalations and liquidity tightening continue to suppress risk appetite. From a technical perspective, both Bitcoin and the COIN50 index have fallen below the 200-day moving average, confirming bear market signals. However, public chains like Solana continue to attract ecological development through performance upgrades (such as the Firedancer testnet TPS exceeding 100,000), injecting resilience into the market. Institutions predict that the market may stabilize by the end of Q2 2025, with a potential rebound in Q3, but caution is needed regarding large-scale token unlocks and the short-term selling pressure brought about by regulatory uncertainties.

Despite a 70% year-on-year decrease in network interruption issues in 2023, the complete decentralization and censorship resistance are still under scrutiny. Furthermore, the intensifying homogenization competition among projects within the ecosystem may lead to liquidity dilution, and the policy risks related to the SEC's examination of SOL's security attributes have not been fully lifted.

Overall, the surge of Solana stems from the resonance of technological iterations, positive ecological cycles, institutional empowerment, and market sentiment, but its long-term value capture ability will depend on the continuous expansion of practical application scenarios and further verification of network robustness.

It seems that I have bought it once in the alpha wallet.

$SOL The SEC's approval of the Solana ETF in the United States remains controversial, and whether it will consider Solana as a security may influence global regulatory trends. Currently, applications from multiple U.S. institutions (such as Grayscale and VanEck) have not yet been approved.
2. **Market Volatility**
The high volatility of the cryptocurrency market may undermine the stability of ETFs. The price of SOL has already dropped by 33.21% within 2025, and investors should be cautious of short-term speculative risks.
3. **Competition and Product Homogeneity**
There are already over $1 billion in Solana ETPs globally (such as products from 21Shares, VanEck, etc.), and Canadian ETFs need to maintain competitiveness through yield advantages or low-cost strategies.