Polkadot has fallen from a high of $55 to less than $2 now. What is the story behind this decline? The opening price was already $2, and now it has dropped to $1.7, a geometric shrinkage that inevitably prompts reflection. Some point out that there are issues with Polkadot's Grant mechanism—funds officially awarded can be directly reclaimed by external decision-making. Such operational practices have sparked considerable discussion. Even more interesting is that the project uses open-source code but faces official constraints and threats. Is this management logic reasonable? It has become a focal point for the community. From price performance to ecosystem governance, from incentive mechanisms to code usage rights, DOT's trajectory and the accompanying controversies are worth paying attention to. The market votes with its feet, and numbers speak for themselves.