Recently, it has been found that many big influencers who previously promoted #MEMECOIN are now silent. This can only indicate one thing: either everyone has suffered heavy losses or cashed out and left the scene, leaving behind a majority of retail investors who have been left in chaos by #meme! The wealth effect of meme has quickly retreated, and most people have been severely impacted. Still, the saying goes, meme is not a track, it cannot form an ecosystem; meme is merely a product of emotional venting, lacking the real IP foundation like PEPE, making it difficult to achieve the influence of an IP. The forced association is merely a reason for harvesting the chives. When the tide goes out, we realize who has been swimming naked. In the current development of the crypto field, the only two instances of fair dawn have been based on #BITCOIN and the ecosystem behind it: one is the POW model brought by BITCOIN, which has given the world blockchain and decentralized narratives, changing the existing world economic model; the other is the fair minting of inscriptions through #ORDINALS #BRC20, which has experienced #ORDI #SATS #RATS and the barbaric era led by runes #RUNES #DOG, which has once been depressed and has yet to unleash its powerful influence. #ICO #IDO merely provided retail investors with the opportunity to obtain cheap chips, but the backing is institutions and project parties, so there is no fairness; behind #meme are conspiracy groups and the robots they control, and there is no fairness to speak of. KOLs rely on signaling to harvest fans, and retail investors can only obtain low-priced chips by sheer luck; VC and institutional coins do not achieve fairness either, making retail investors perform tasks for traffic, dispensing a bit of cheap chips to fend off 'electronic beggars.' This round of bitcoin has continuously broken new highs, while altcoins are still bottoming out in the bear market. Going forward, I believe that what can be called an ecosystem is the BTC ecosystem. DEFI, MEME, and even AI are tools that continually enrich the BTC ecosystem, and a new round of eruption is brewing.