2025-12-24 19:27:58

The recent active wallets on a certain public chain are indeed interesting.

Speaking of the on-chain ecosystem over the past two months, the level of activity is noticeably different. At the beginning of the year, there were still many opportunities, and trading space was relatively free. But now it has shifted—any project with a market cap of tens of thousands can see thousands or even tens of thousands of USDT in binding actions at the front, with DEV routines one after another. The competitive landscape of the ecosystem has become more intense.

Many community voices are still hoping for a turning point this year, looking forward to a certain project's token landing on top-tier platforms. Behind this expectation, it actually reflects the entire ecosystem's mindset of seeking breakthroughs—after all, a healthy cycle of ecosystem heat and project quality still depends on the emergence of more high-quality projects to drive it.

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NervousFingers

· 7h ago

It's still possible to buy the dip at the beginning of the year, but now it's all just whales dancing, which is hard to watch. The ecosystem has become so competitive that top platforms probably won't log in to Mengyao for a long time. Any small project is just a few thousand USD tricks; the DEV team really knows how to play. Do people still dare to invest in these small coins now? They're either gamblers or leeks. A healthy cycle of quality? Ha, you'll be waiting forever for good projects to appear. The changes in the past two months have been huge; the space has shifted from freedom to a meat grinder. Front-row positions are all large bundle deals; retail investors have no chance at all. Still thinking about getting into top exchanges? Better survive this round of screening first. The ecosystem's heat has cooled down; who would dare to take over new projects at this point? The competition has reached this level; politely called it competition, but honestly, it's just a death spiral of internal competition.

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CryptoSourGrape

· 16h ago

I really regret not jumping in at the beginning of the year. Now it's all just big players using tricks to cut leeks. If I had gotten in earlier, I wouldn't have to see this embarrassing state now. It's crazy, even with a market cap of tens of thousands, some can dump millions of U.S. dollars. What are we small investors even playing for? I've finally figured out the DEV tricks. I never thought they'd just let us, the bagholders, go. Wait, wait, wait. Expecting some top platform? Talking as if it's really happening... Instead of wasting time, it's better to study how not to lose money. Does this ecosystem rely on quality projects to get started? I think it depends on us, the bagholders. Haha. All the opportunities at the beginning of the year have been eaten up by big players. Now, we can only watch the fun.

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CryptoFortuneTeller

· 16h ago

The days of catching bargains at the beginning of the year are truly gone; now entering is just giving away, and DEVs have all learned to play tricks. Ecosystem competition is fierce, but expecting top-tier tokens to launch... forget it, don't think about it. Having many active wallets doesn't necessarily mean more opportunities; instead, everyone is just cutting each other off.

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