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In the past two years, quite a few people have exited the crypto circle, but the reasons behind it may not be what you think. It's not a collapse of faith, nor simply the cycle of bull and bear markets, but a complete change in the rules of the entire game.
The crypto world has shifted from an era driven by narratives to a rapid PVP (Player Versus Player) stage. Once, a good project needed to grow slowly—someone wrote code, someone managed the community, and there were controversies and reorganizations along the way. Long cycles, low trial-and-error costs, as long as you're genuinely building, there are opportunities for correction.
Now? The process has been compressed to an unbelievable degree: tokens are launched, CA (Crypto Announcement) is made, a few big V (influencers) repost, K-line (price chart) completes its movement, liquidity is drained, and within days, a project's story comes to an end. This isn't competition; it's speed-based elimination.
What gets eliminated isn't true ability, but your reaction time.
The most terrifying consequence of PVP acceleration isn't becoming more brutal, but wealth starting to concentrate crazily. A few top players control the information sources, liquidity channels, and public opinion. Most retail investors simply don't have time to understand what the project is about, whether the community is actively working, or where the consensus comes from, and by then, the market has already turned away.
Many people ultimately choose to leave, not because they've lost everything, but because they can no longer see the meaning of their existence.
MEME coins themselves are not at fault. Truly valuable MEME requires years of accumulation, continuous genuine investment, long-term community engagement, and heartfelt care—making every participant genuinely feel their own value. This is what is truly scarce.