[0xSun: Market Cycles Have a Cyclical Nature, Retail Investors Care Most About Wealth Effect] BlockBeats News, September 24 – Smart Money and crypto KOL 0xsun.sol (@0xSunNFT) posted that market cycles have a cyclical nature. Last year, due to excessively high opening valuations and the selling pressure caused by continuous token unlocks, VC coins almost became the target of universal criticism. Meanwhile, on-chain Meme coins, with advantages such as full circulation and low-entry opportunities, became the focus of the market. However, as the Meme coin narrative lacks novelty, ceilings are hard to break, and on-chain liquidity declines, the market's focus has gradually shifted to VC projects with real-world applications, impressive revenue, or characteristics like high control, low circulation, and strong backing. For retail investors, the wealth effect is the most important factor. As long as there is coherent positive news paired with tangible price pumps, the market will not reject such projects.