Quick update on light: After a normal pullback, as I expected, it should consolidate + trade sideways until the 24th. On the 25th, we might see a dump due to the unlock expectations. At the same time, the anonymous official fund has been operating for about a week now, giving the team time to slowly accumulate tokens and set up for a nice Dragon 2 move. This is also the timeframe I had in mind for a bottom-buying opportunity. But there were two unexpected variables: 1. The team didn’t pump light as expected. Instead, the meme token dark, which was just a joke, skyrocketed overnight to 8m and became the new leader. This might mess with holders’ psychological expectations a bit, especially since this is the third time Dragon 2 has been replaced. But hey, at least they pumped something, so that’s something, I guess. 2. Big positive news dropped last night, and funds rushed in, which disrupted the shakeout process and left it incomplete. Overall, I’d rate the situation as neutral—not great, but not bad either. Here’s where things stand now: 1. Two small gems emerged yesterday. They’re currently neck-and-neck with pump on the leaderboard, which is decent (see Image 1). 2. The official team hasn’t posted anything for a few days. No idea what big move they’re planning. 3. The Chinese community’s discussions are still pretty low, and the ecosystem still feels weak. Since I already bought a position at a high level earlier, I’ve decided to keep observing for now. I might add to my position when there’s a fundamental shift in the market.