Recently, the new meme series ACT and PNUT have seen significant price drops compared to the previous DOGS and BOME, and even NEIRO has declined considerably, reminding people of the 'golden pit' of DeFi in 2020.

At that time, DeFi-related tokens, like UNI, were also heavily criticized. But the first wave of the bull market eventually began from the DeFi sector.

So, although some tokens may look like they are crashing now, if there are enough market hotspots, large funds in the secondary market will still push up those potential benchmark projects, further driving the market upwards.