In my opinion, the issue with Bear is not much different from that of ZKS Manta ALT. They are both ghost cities, with large players storing and defiing. They say they want to build an ecosystem, but in the end, a group of ecosystem partners without real users join each other. Last night's trend was also very standard. When we didn't send NFT airdrops, we first exploded the number of short sellers at the opening, and the funding rate was always negative. Then we started to send airdrops, and those who were priced higher than the NFT cost were sold out one after another. Then we started to sell FUD, saying that the bear was pledged to exchange for BGT, and BGT burning could exchange for unlocked bears (the authenticity has not been verified), directly bypassing the lock up period and starting to ship. Last night when I was shopping outside and saw it was too late, I chased after 10 and ran 12, ate 20%, and then waited until 12.5 when I was free, ate around 8.5, and then ate 30%. It's hard to predict what will happen later, most likely it's also a bio trend. From this point of view, Kaito's yaps at least have a sense of participation, a sense of traffic, and now the path of the project side is extremely tortuous. People in Shangjinan also scold the company for breaking the market all the time, and people in Shangjinan also scold the company for failing to make new money. The liquidity on the chain has severely shrunk after Trump, and the top 10 ranking lists of more than 100 times a day are not satisfied, and they can be listed twice or three times as many as they want. It is a new Minsky moment in the currency circle, and a epoch-making product like nft is needed.