The hottest tracks in the market attract capital and projects wherever they go. Seeing Ethena's USDe perform well, a certain team quickly launched BFUSD; Hyperliquid trading gained popularity, and the Aster project also seized the opportunity to capture market share. Creative pump strategies with obvious profit effects prompted some exchanges to immediately launch similar features. The stablecoin sector is the same; once the business models of Tether and Circle prove successful, new stablecoin projects emerge to try to share the pie (although the lessons from BUSD are still fresh in mind). The most typical example is the meme token craze in the Solana ecosystem—once the hype starts, project teams rush to launch spot trading, then aggressively pump, hoping to ride the wave. The entire market functions like a rapid copying machine, with successful models quickly reused and lessons from failures quickly forgotten.
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ProtocolRebel
· 23h ago
Really, this wave of leek harvesters is operating extremely quickly. The lesson from BUSD is not even two years old, yet another stablecoin project is sent to die.
Chasing hot trends, everyone knows about it, but they just can't stop. When meme coins on Solana blow up, you can already see the project teams doing rug pulls.
Imitating Pump's tactics is so fast, and the result is that exchanges have turned into casinos.
Honestly, this market just lacks memory.
Copy-pasting can also make money, no wonder it's all about harvesting leeks.
Funds follow the trend so aggressively that the next list of major crashes won't be until next year.
After USDe's rise, a bunch of follow-up coins appeared. Do they really think they have the fundamentals like Ethena? Laughs.
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BuyHighSellLow
· 01-09 18:14
Basically, it's a follow-the-trend competition. When one becomes popular, everyone wants a piece of the pie, but they also die out quickly.
Honestly, the lesson from BUSD hasn't been learned yet, and now they're launching new stablecoins. Their brains are really...
The Solana project teams are the funniest. As soon as the hype comes, they rush in aggressively. They've become numb to it.
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HodlKumamon
· 01-09 02:23
Here are several comments with different styles:
---
**Comment 1:**
Basically, it's just chasing hot topics to the end. Data shows that 85% of follow-the-trend projects go to zero within three months. The bear market is exhausting to watch.
**Comment 2:**
The lesson from BUSD hasn't been absorbed yet. Now a bunch of new stablecoins are coming out to give away benefits. This is a warning to escape the top now.
**Comment 3:**
It's just copy-paste robots. When Ethena is popular, they clone it; when Pump is hot, they do it again. Where's the innovation?
**Comment 4:**
Statistics tell us this is called survivor bias—only remember the successful USDe, forget the hundred failed ones behind.
**Comment 5:**
It's ridiculous. Seeing others make money makes your head hot. I suggest everyone calmly invest DCA and avoid getting liquidated.
**Comment 6:**
The meme coin craze on Solana is truly incredible. Soon it will crash into a confused coin. Sending hugs to all the cute little investors entering the market.
**Comment 7:**
Market sentiment index is off the charts. Is this the time to buy the dip? Or should we just wait and see? The bear market is still watching.
**Comment 8:**
The problem is that failed project teams just change skins and come back. This capital cycle is way too greasy.
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LiquidationSurvivor
· 01-07 20:51
Oh my, another round of crazy copy and paste. This time even daring to follow the trend with BFUSD?
Really, watching these project teams chase hot topics is like watching fools... Hyperliquid gets popular, they jump in; Pump gets popular, they copy; the stablecoin sector is even more hilarious, with the lesson from BUSD still there.
Over on Solana, it's now just a big casino, where hype = take off = surge = bankruptcy, cycle after cycle, and funds keep getting sucked in...
History always repeats itself, but no one remembers the lessons.
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DegenWhisperer
· 01-07 20:49
It's the same old trick again. Have you already forgotten the lesson from BUSD? The front waves die on the beach, but the back waves keep rushing in. This stablecoin chaos must see a few more casualties before it's over.
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AirdropHunter420
· 01-07 20:29
A typical follow-the-leader phenomenon: BUSD is still just sitting there, and someone wants to copy Tether's script again, haha.
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NFTRegretter
· 01-07 20:28
Basically, it's the herd mentality. Whoever makes money faster, everyone rushes in like a swarm.
No one remembers the bloody lessons of BUSD, just laughing.
The stablecoin track is now everywhere; altcoins are still dreaming.
That bunch of meme coins on Solana, the cash cow for harvesting retail investors, is fully operational.
What else can this market do besides copy and paste? Where did all the innovation go?
One success leads to a hundred follow-ups; failures are all ignored.
It's typical fast-food culture—what's popular today becomes a trap tomorrow.
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RugPullSurvivor
· 01-07 20:23
Following the trend looks cool, but it also dies quickly. Even BUSD is gone, and you're still copying others by issuing stablecoins?
The hottest tracks in the market attract capital and projects wherever they go. Seeing Ethena's USDe perform well, a certain team quickly launched BFUSD; Hyperliquid trading gained popularity, and the Aster project also seized the opportunity to capture market share. Creative pump strategies with obvious profit effects prompted some exchanges to immediately launch similar features. The stablecoin sector is the same; once the business models of Tether and Circle prove successful, new stablecoin projects emerge to try to share the pie (although the lessons from BUSD are still fresh in mind). The most typical example is the meme token craze in the Solana ecosystem—once the hype starts, project teams rush to launch spot trading, then aggressively pump, hoping to ride the wave. The entire market functions like a rapid copying machine, with successful models quickly reused and lessons from failures quickly forgotten.