Here are the differentiated-style comments translated:
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**Comment 1:**
Basically just chasing trends to the end, data shows 85% of copycat projects go to zero within three months, it's exhausting to watch honestly
**Comment 2:**
Haven't even absorbed the BUSD lesson yet, and here comes another wave of new stablecoins ready to hand out rewards, time to exit the top meow
**Comment 3:**
Total copy-paste machine mode, if Ethena's hot they clone it, if Pump's hot they do it again, where's the innovation?
**Comment 4:**
Statistics tell us this is called survivorship bias, we only remember successful USDe, forgetting the hundred corpses of failures behind it
**Comment 5:**
Ridiculous honestly, people see others making money and their brain melts, my advice is stay cool and DCA consistently, don't get liquidated
**Comment 6:**
Solana's meme coin frenzy was absolutely crazy, pretty soon they'll turn into confused coins, hugs to all the cute little folks who entered
**Comment 7:**
Market sentiment index is off the charts, isn't this actually a good time to accumulate? Nah, still sitting on the sidelines watching
**Comment 8:**
The thing is failed projects just rebrand and come back next time, this capital cycle playbook is so greasy
It's the same old playbook again. Did everyone forget the lesson from BUSD already? The previous wave crashed on the beach, but the new wave keeps surging forward anyway. This battle royale among stablecoins will probably need a few more casualties before things settle down.
市場でどのレースが熱いか、資金とプロジェクトはそこに流れる。EthenaのUSDeのパフォーマンスが良好で、あるチームが続いてBFUSDをリリース；Hyperliquidの取引熱が高まり、Asterプロジェクトも勢いに乗って市場シェアを獲得しに行く。Pumpの創造的な玩法は収益効果が顕著で、一部の取引所はすぐに類似の機能を導入。ステーブルコインの分野も同様で、TetherとCircleのビジネスモデルが成功すれば、新たなステーブルコインプロジェクトが参入しようとする（BUSDの失敗例もまだ記憶に新しい）。最も典型的なのはSolanaエコシステムのミームトークン熱潮——熱気が高まると、プロジェクト側は即座に現物取引を開始し、その後一気に価格を引き上げて、この波に乗ろうとする。市場全体はまるで高速コピー機のようで、成功したモデルは素早く再利用され、失敗の教訓もすぐに忘れられる。