Observing the current state of projects in the crypto space, the threshold for innovation is indeed not high—issuing tokens, releasing news, announcing buyback benefits, all are standard procedures. But here’s the problem: these messages are released and half a day later, there’s no response, and the market remains unmoved. What does this phenomenon reflect? First, the project landscape is highly homogeneous, and good news has become a numb signal; second, market participants are becoming more rational and will not blindly chase after hype; third, what truly can drive the market is often not the good news itself, but the cooperation of market sentiment and capital flow. Instead of complaining about the market trend, it’s better to think about how to create truly competitive products and ecosystems, which are key to attracting long-term capital.