After Trump and others forged the traffic sickle, the essence of the Meme coin PVP gambling game was fully exposed.

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11 months ago

Author: Haotian

In fact, since TRUMP, the significance of celebrity coins has completely "deteriorated." We just need to clarify two facts:

1) The expectation that celebrities outside the crypto space will bring in incremental funds and users is problematic: The reason Trump’s coin attracted attention, aside from the PVP culture within the crypto community, mainly stems from the market's optimism about a series of future crypto-friendly policies from a Trump administration.

However, it has been proven that launching a MEME coin and implementing crypto policies are two different matters. A president cannot be responsible for coin prices, nor can they introduce real-world credibility to support those prices.

We can only regard $TRUMP as a unique "angle" of a super MEME, while other small country presidents and celebrities merely treat the crypto space as a "cash machine." At least for now, all the expectations that celebrity coin effects will significantly break into the mainstream are merely wishful thinking; those who are disappointed can only consider themselves unlucky.

2) The PVP opportunities in crypto are gradually showing a state of "entropy reduction," and crypto must return to the main narrative of PVE technology: MEME coins are community-oriented cultural attribution coins. Compared to the wealth distribution imbalance issues present in VC coins, MEME coins have become the focal point of attention in this bull market. However, a crypto world that only has MEME coins is destined to be hollow; the market needs to re-establish the main narrative of technology that crypto relies on, with MEME as one of the variables.

The DeFi Summer of 2021 sounded the horn for decentralized finance, opening up financial application scenarios for crypto assets such as lending, mining, yield farming, staking, and re-staking. Although it has also experienced severe bubbles, it has been proven effective in terms of institutional adoption, protocol cash flow, and the feasibility of breaking into RWA, at least in pure financial scenarios.

In 2025-2026, the narrative trend of AI + Crypto, centered around AI Agent Summer, currently still shows signs of being a pure "asset issuance" bubble. However, the multifaceted requirements behind AI Agents for "in-depth application scenarios, product user experience, and the real value of technical concepts" also exist. For example: AI Agents making autonomous trading decisions, multi-Agent collaborative portfolio management, Agents facilitating upstream data and computing power markets, Agent game NPCs, Agent intelligent human replacements, etc.

Setting aside short-term speculation, the future of AI + Crypto is a true industry main theme driven by AI Agent applications, which can genuinely realize the transition from virtual to substantial, achieving a complete cycle from segmented application scenarios to technical concept validation and ultimately commercial realization.

Compared to pure speculative PVP battles, ordinary people can only find opportunities by locking into this evolutionary main line of PVE.

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