After the snowball, the market has clearly entered a stage of rampant "pseudo-construction."
Dividends, burning, narrative packaging, IP replication... projects are more and more alike, and some even don't bother to hide their imitation. Most projects reveal their outcomes at a glance; even if I genuinely want to participate, it's just for short-term thrills, and I have lost interest.
The number of truly viable projects will not be many.
If I have to choose, I prefer projects with fair launches and clear execution capabilities. Relying solely on retail investors to support a pure CTO is almost unrealistic in the current environment—everyone talks about diamond hands and construction, but their hands move faster than anyone else. Without project leaders stabilizing the market and guiding the rhythm, it will ultimately be quickly doused.
In a market with poor liquidity, one reality must be acknowledged:
Without violent market washing, it simply can't rise high.
Selling on every slight increase has become a reflex; many developers who genuinely want to make things can only choose to clean up the unstable chips first before discussing heights. The path of the snowball has already provided a very clear demonstration.
If these types of projects are not just about cutting and running, but are genuinely focused on technology and product development, even if the early trends look bad, they are worth continued observation. Experience is not innate; it is gained through repeatedly validating with real money and correcting perceptions.
What the snowball truly made me reflect on is not just "how to make money."
It proves one thing: wanting to make big money does not necessarily mean getting caught up in millisecond-level PVP.
Compared to watching the market for hedging, seriously studying the narrative and understanding what problems the project aims to solve is actually more important.
Distributing a few narratives you truly recognize at low positions, patiently holding for a while, and shifting your focus from PVP to research and construction will make the experience much easier, and the results may not be bad.
Another repeatedly validated fact is:
The community is at the core of a project's long-term value.
Regardless of whether it's a meme, as long as there are people willing to participate and co-build, there is vitality. Of course, CZ also speaks realistically—most memes will fail; high risk is part of it.
If your mindset always leans towards the worst direction, the only thing you'll deplete is yourself.
Take it easy, be more positive; this market is already exhausting enough.
Move forward.
The truly worthwhile things are often not that noisy.