I woke up this morning and haven’t aped into any new dog coins yet, because once you start, it’s easy to get caught up in the details. Took a step back to think about the current market situation. You can feel that after the new meta started, the cooperative PVE vibe we had before has disappeared. There’s been a noticeable increase in sudden pumps and dumps of meme coins, and the overall vibe feels more chaotic with attention being scattered everywhere. The PVP feeling is definitely stronger now. Previously, whether it was Binance Life, Customer Service Xiao He, or Palu, there was usually a decent amount of time for things to ferment, consensus to form, and both the early movers and retail investors could get in and make money together. In other words, starting yesterday, it’s clear we’ve fast-forwarded to a state where the early movers keep profiting while retail investors come in just to fuel the next cycle. There are too many projects now, and liquidity is starting to struggle to keep up. Diamond hands are getting punished, and as a result, the win rate for P&D plays is starting to drop. I asked around among my friends, and aside from the hardcore P&D pros, quite a few people have lost money over the past two days—many went from being in profit to taking losses. Today, I plan to take some time to pick up my DD (due diligence) work again and wait for a meme coin that really clicks with me before jumping back in. GM