The current opportunity window has initially formed. From the narrative perspective, the shift in policy cycles has provided new speculative space for mainstream assets; projects with strong cultural IP attributes and high community activity are beginning to attract funding attention; the heat of the primary public chain ecosystem is also rebounding, and there are still many undervalued areas in market capitalization.

The characteristics of this wave of market movement are quite clear—it's not purely driven by sentiment. The on-the-ground volume is indeed expanding, and on-chain data is also verifying the authenticity of demand. Under the expectation of Federal Reserve rate cuts, risk assets are once again attracting capital, with small-cap sectors often leading the charge.

The community's enthusiasm and the cultural penetration of IP are reinforcing each other. The larger the holder base, the easier it is for topic popularity to be amplified; higher popularity then attracts incremental funds. Once this cycle starts, it can often generate multiple times the returns.

Of course, risks are also present—rapidly rising liquidity risks and compliance risks should be watched carefully. But for those optimistic about the long-term potential of such assets, the current environment is indeed a relatively favorable window for building positions.