Today, the counterfeit and meme have seen a lot of bloodshed, and my position has also retreated quite a bit. Although it looks a bit like a head and shoulders pattern, this round is somewhat different; it won't replicate the previous cycle theories. It's more likely that BTC will alternate between corrections and rebounds, making it hard to feel the continuous decline like in the past bear market.
The meme sector is the same. As a segment that can bring crypto out of its niche, it will have bursts of hotspots to play with. After this round of corrections, we need to lay low and watch for some hot spots.
In the future, the impressive alpha will likely not come from centralized exchanges (CEX). Binance has now become a place for unloading assets, lacking the effect of sudden wealth, and its market share will gradually be divided and eroded.
In the future, impressive alpha will emerge from on-chain. These asset classes may not be purely memes; they could also be application-based. Even if they don’t follow the meme model, they might adopt meme-like issuance methods. For example, recently, assets with a market cap over $1 billion like $virtual (AI agent launchpad), $buzz (DeFi agents), and $hype (L1 + perp dex) are not just purely meme/IP narratives; they have certain application scenarios but have adopted a more native issuance method, moving from on-chain to CEX.
