The market has reached this critical juncture again.

It’s purely being propped up by sentiment—there aren’t any major influencers coming out to support it. If there really were a leading figure charging ahead, this market could take off and become a phenomenon.

Look at these three waves of moves:
In the first round, a certain project played the conspiracy theory angle, but it was all kinds of meme coins around it that took off first.
In the second round, it was the same conspiracy theory routine, but this time, mainstream sentiment coins skyrocketed.
Now in this third round, it’s still the same old formula, so it’s likely time for the contrarian sarcasm coins to take the baton.

To put it bluntly, it’s the “boy who cried wolf” story—the more you cry, the more numb the market gets. Every time the same trick gets old, it’s actually the reverse plays that end up flying.

But then again, sentiment-driven markets have always been a bit metaphysical. Without solid support, they rise fast and fall just as quickly.