Recently, the new coin BREV has been making quite a splash in the market. After launching, it shot up to a historical high of $0.50, a 411% increase. This number looks impressive. But it quickly retraced to around $0.38, a classic rollercoaster.

Looking closely at the story behind it, it's not complicated: liquidity influx from a major exchange listing, airdrop incentives, and the new narrative of the "Smart Verifiable Computing Platform" all combined to generate short-term hype. The question is, how long can this enthusiasm last?

Data speaks the truth best. The leverage long-short ratio dropped from 5.01 straight down to 1.93. What does this mean? Early longs are starting to run, and profit-taking voices are growing louder. More concerningly, on-chain monitoring shows team wallets transferring tokens to exchanges, which is a red flag. Team token transfers often hint at something not so good.

This "listing equals top" script keeps replaying in the crypto market. High volatility, high heat, high risk—three in one. The lifecycle of a new asset usually goes like this: exchange effect causes an initial explosion → then enters a liquidity battle phase → finally, back to rationality.

For participants, the real challenge isn't just whether you can catch the price surge, but more importantly, understanding the time gap between hype and the project's actual progress. When to enter, when to exit—that's the key to survival.

The market is always evolving. Some projects aim for explosive prices at launch, while others operate on a different logic—avoiding short-term hype and instead turning every participation into real social value through transparent mechanisms. Both paths exist; which one to choose depends on how you view this market.