Sometimes, a hot narrative gets consumed just like that, which is indeed quite unfortunate. But upon closer reflection, this is actually a common phenomenon in the current crypto market——a few major players and institutions hold the dominant voice and pricing power, enabling them to shape market narratives and guide public opinion.

This also explains why some seemingly promising concepts and projects ultimately fail to gain the expected attention. The market does not always operate based on fundamentals or innovation levels, but more often depends on who has the informational advantage and the scale of their funds.

What does this mean for ordinary investors? It requires more cautious thinking. In such a market structure, participants who master information, understand market psychology, and grasp the rhythm often have more opportunities. Those investors who enter solely driven by enthusiasm are easily targeted for harvest. This is not fate, but a market reality that needs to be recognized.