It's really a pity for newcomers who only entered the market by the end of 2025.


They missed out on the ICO wealth boom, DeFi Summer, NFT craze, inscription fever, large-scale Layer2 airdrops, and the InfoFi dividends, and they haven't witnessed the era of meme coins going viral among the masses.
But once they entered, they encountered the extreme 1011 market, on-chain PVP at its peak, new projects launching and then rug-pulling immediately, contract chain squeezes, and various anti-rug harvests.
This bear market is completely different from 2022—there are no new stories, no new narratives, no fresh capital entering, and even decent hot topics are hard to find. The entire community is dead and dull. What's even more painful is that future alpha opportunities in the crypto space will only become fewer and fewer.
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