Recently, the listing trends of a major exchange have sparked quite a bit of discussion. A quick look reveals a clear logic—fund flows are often driven by network relationships rather than just project quality.

Data speaks: hundreds of millions of dollars ultimately flowed into four tokens, three of which are associated with a core figure. What does this mean? From the retail investor's perspective, traditional community-building strategies may no longer be the main factor.

For example, why can a certain community token stand out? It's often not because the community is highly active, but because of resource allocation behind the scenes. This serves as a real reminder to market participants: blindly investing time in community building may not be as effective as expected.

This phenomenon reflects one aspect of the current market—professional institutions and key decision-makers still hold significant influence. For ordinary investors, understanding this logic might be more important than working tirelessly. The market is always teaching us how to quickly identify opportunities and risks.