Has the practicality of tokens been underestimated? Or is it that the cryptocurrency industry has just emerged from the bull market KTV, and after waking up, they all find it too expensive? The recent market has been so cold that it makes people doubt their lives. A few coins are flying around like wildfire, while most air projects are lying half dead. In the past two years, people have gradually accepted a reality - pure governance tokens have no future. But now it seems that even practical tokens are not willing to be given a premium by the market. For example, Parti, led by Binance Labs and supported by Dassault Systemes, the token itself is the settlement and payment core of Particle Network, and cross chain and abstract wallet concepts are essential for Web3. Logically, the market should buy it. But what about reality? The market sentiment is sluggish and the liquidity environment is poor. People are not willing to book a new narrative in advance, even if the project has actual cash flow, the market will not buy it. Perhaps this is not an isolated case. The entire cryptocurrency industry seems to have just emerged from a bull market KTV, with hoarse voices and empty wallets, and no one willing to click on the next song. If PARTI has high-level assets that are trapped and unwilling to be cut, they can participate in financial activities on Bybit（ https://www. (bybit. com)/zh-MY/earn/stocks/) Take some interest, and those who want to rebound can accumulate coins and hoard them first. After the narrative starts, they can decide whether to stay or leave. It's better than holding it in hand and being doubted by the market.