2026-01-11 01:28:08

The story of wealth creation effect is best told by the exchanges. They can spark a wave of on-chain hype every now and then — from DeFi, NFT, GameFi all the way to Meme coins, with cycles updating faster than the plot.

The key logic is actually very straightforward: since altcoins themselves are worthless, why bother to take on the project’s risk? It’s better to directly push Meme coins; pumping the market is the best story itself, and naturally, people will flock in to create narratives for you. By then, hype, consensus, and wealth effects all generate automatically. To put it simply, this is the current market’s game rule — pumping the market is building, and hype is the fundamentals.

DEFI1.37%

GAFI1.11%

MEME-1.23%

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GasWastingMaximalist

· 21h ago

Pump and dump is basically the fundamentals, this sentence really hits the point, hilarious Exchanges are just playing word games, packaging cutting leeks as wealth creation dreams Meme coins this round are purely about luck, whoever enters late loses Another cycle, another story, the leeks are still being eaten Honestly, this game has been rotten for a long time Hotness = fundamentals? Then I could also launch a coin Everyone is waiting for the next hot item, actually they are all waiting for the next bag holder This logic is ridiculous, but it works DeFi is dead, NFTs are cooling off, now it’s Meme’s turn to be drained Don’t be fooled by stories, wake up Calling altcoins worthless is well said, but people just love to get cut Every time they say this time is different, haha Exchanges make the most stable profits, we make money from excitement

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DegenTherapist

· 21h ago

That's a brilliant way of putting it. This is the current routine. Raising the market is about building; hype equals fundamentals. It sounds ironic but it's the truth. The art of harvesting profits has evolved to the point where stories are no longer needed. Just meme your way to the top, and eventually someone will help you wash the market and craft stories. Truly brilliant. The market is just a big casino. The more people involved, the stronger the consensus, and the wealth effect automatically generates. Is this Web3? I think there's nothing wrong with that.

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ser_ngmi

· 21h ago

That’s a harsh way to put it, but it’s the true reflection of the current crypto world. Market manipulation is just construction, it’s hilarious. It’s another season of watching bystanders; the exchanges are telling stories while we’re losing money. How long can meme coins burn in this round? Betting 5 bucks and next month there will be a new concept. This trick of cutting the leeks for so many years and still fooling people is truly incredible. Hotness equals fundamentals, I tm can’t help but laugh out loud. Honestly, I’m increasingly unable to understand this game. The scripts of the exchanges are indeed more and more sophisticated.

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MelonField

· 21h ago

This is the current truth of Web3. Who still believes in fundamentals? Honestly, it's just a game of hot potato now. Early entrants make money, latecomers take the fall. Market manipulation = construction. This phrase is truly brilliant and should be engraved in the exchange office. Another cycle, another story. Retail investors will never learn. Human nature, they just love to hear stories, regardless of whether the coin has value. Hype is the fundamental. How outrageous must it be to say that so blatantly? Every time they say the next one is the next big thing, but it's always the same old trick. Meme coins are indeed the most honest projects, at least they don't pretend.

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gaslight_gasfeez

· 21h ago

That's right, exchanges are just story-tellers, one after another narrative harvesters. The market is like this now; whoever can pump the price is the "dad," fundamentals mean nothing. When meme coins are hot, it's truly crazy. Only later did I realize it's just a game of hot potato. Hype = fundamentals, this saying hits the nail on the head. Pumping the price is building; when I see these two words together, I know I'm going to lose money. Basically, it's a game of hot potato. Early participants make a lot of money, while later ones are just bagholders.

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GasBankrupter

· 21h ago

That’s so brilliant, this is the real truth of the current crypto world. Smart move, directly pumping the market and saving all the nonsense. Another round of IQ tax collection, this time it’s my turn. Oh my god, I bought another junk coin. Wait, are you saying I’ve been holding the bag all along? It’s basically a game of pass-the-parcel, latecomers get trapped. No wonder my Gas fees have bankrupted me, and I’m still trading coins in my dreams. Just telling a story can trick me out of my coins, I’m impressed. When will this routine change? It’s so old. Pumping the market is just building, hilarious, I need to remember this saying.

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PaperHandSister

· 21h ago

Basically, it's a game of hot potato; whoever ends up holding the bag at the end is the one who gets screwed. From DeFi to NFT to Meme, the套路 is still the same, just with a different name to continue the scam. The ones who profit from this wave are the big players; we retail investors are just here to be the sacrificial lambs. Is hype = fundamentals? Laughable, this is just a modern scam art exhibition. Stop talking, I’m already regretting my actions from yesterday. I've seen through it long ago, but I still can't help but rush in. I really am stupid. The exchange's storytelling ability is indeed strong, turning trash into gold. Pulling up the market is equivalent to building; if only this phrase could be patented, I’d be rich. Every time they say this time is different, but every time I get cut again.

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