The bull market is very different. Why did the "copycat season" turn into the "Meme season"?
Compared with the previous bull market, this round of bull market is very different. The game between institutions, crypto majors, crypto exchanges, retail investors and project parties is exciting. For this round of Meme craze, the market is obviously divided.
Airdrops are professionalized, and project parties are playing games with big money-making investors. Many well-known projects airdrop, such as ZKsync, Layerzero, and Taiko, are controversial. Taiko was criticized for not publishing the airdrop rules, ZKsync had a high witch rate, and Layerzero's airdrop chaos was exposed.
The Meme season replaced the copycat season, the market "did not take over each other", and the crypto exchanges were in a dilemma. There is a lock-up period for early institutional investment tokens, and the selling pressure of the money-making studio suppressed the price increase, and the institutions' chances of making money were reduced. Exchanges launched high-valuation projects due to project factors, making it difficult for retail investors to make money, resulting in retail investors not accepting orders, and institutions also disdained Meme coins.
The reason for the prosperity of the Meme economy lies in the financial prosperity driven by technology. Bitcoin and Solana bring new hope in technology. For example, Bitcoin's technical upgrade has triggered an inscription boom, and Solana's technical strength has promoted Web3 applications. Applications are king, welcoming the new era of Web3. After DenCun was upgraded, Layer2 performance was improved. ZKsync tokens were launched, marking the entry of blockchain technology into applications.
