The logic of this round of market may be understood as Bitcoin first attracted external attention by breaking through the valuation ceiling, driving new investors to enter the market. Subsequently, MEME coins attracted these new funds and created a get-rich-quick effect, which actually served as a low-threshold opportunity to get on board, providing a quick entry channel for new funds, thereby starting the flywheel effect of the market.
At the same time, traditional middle-layer projects such as Ethereum and other altcoins have been temporarily excluded from this emerging industrial chain.
