Most of them are issued by local dogs on the chain. And there are very few who can go to major institutions such as Binance. On the chain, it is said that the direct bet is on the pattern of the market, and the market sentiment is also considered by the market, which means that BTC is continuously rising. Once BTC does not rise and is fluctuating and falling, then the chain needs to pay attention, as emotions are gone and natural funds are also gone. The market value pattern is limited. Looking back carefully, aren't all the excellent MEMEs from Shanghai University of Technology born and pulled in the market FOMO. Where is there a time when the market sentiment is low and panic, to put it simply, it's a pure cut. Let's see if the recent months are very different from last year's 11-12. And the second level is actually the same. Not only BTC's face, but also ETH's face. Although there is no QE and no excessive liquidity, the concentration of funds has changed since the second half of 2021. At the second level, take a look at BNB BGB SOL SUI XRP OM. At the first level, take a look at SOL chain, ETH chain, and BSC chain. It's quite obvious, isn't it. AI has replaced previous games and metaverse. Only public chains can endure for a long time... And the public chain also depends on Zhuang's strength and actions. Some public chain villages actually do not take action. It's okay not to bother the users, just let it go without pulling the plate... garbage