Let's discuss some recent project positioning issues. If you want to ask about the core value of projects like Binance ecosystem, it can actually be compared to the inscription field—many projects have similar logical architectures.

But there's an interesting phenomenon: user demand in the Chinese market seems to lean in another direction. From the market trend, projects like $sats and $rats have even stronger appeal in the localized track.

Looking back at the market boom during the 402 period, many people were chasing $pipin, believing it could replicate the $ordi myth. But honestly, I have reservations about this view. The fundamentals of the project itself and the market cycle are not comparable, and blindly FOMO often leads to pitfalls. What the market needs is rational judgment, not simple historical reenactment.