The market keeps cycling through the same narrative pushes. When utility and adoption don't materialize, projects resort to increasingly aggressive tokenomics to stay relevant—but that's not a sustainable strategy. BONK holders watched exactly this pattern unfold before they exited. Gimmicks and promotional mechanics can only carry a token so far. As we head into 2025, separating genuinely useful protocols from pure speculation becomes critical. Those banking on trend-chasing alone are likely to face another round of consolidation.