2026-01-09 16:31:12

Recently, a major exchange launched a wave of Chinese-language tokens. I initially thought it would ignite the market, but instead, there was a widespread decline—this seems to have become a fixed rhythm.

To be specific, the market expected the new tokens to reach at least a 300 million market cap, but reality slapped us in the face. After listing, they didn't even break 150 million, and the 12-hour trading volume was only 47 million USD, clearly below expectations. This indicates one issue: retail investors' enthusiasm is waning.

Currently, the price hovers around 0.13, and it doesn't look like the explosive rally before listing. Even more painful is that tokens like Hakeem and Ugly Penguin have also slightly declined. The reason is simple—new tokens underperform expectations, and the market is starting to reassess the likelihood of new listings, but behind this game, everyone's sentiment has already cooled significantly.

If a major exchange doesn't continue to pump these tokens, they are likely to follow the "typical route": initial volatility, then continued weakening. Frankly, the logic behind launching these Chinese tokens might be straightforward—seeing the market become so tough, they want to grab liquidity through a few new tokens and bring users back onto the chain.

But there's a more painful observation: right now, on Twitter, kissing up to exchange executives and spouting nice words is actually easier to profit from than doing real work or holding tokens long-term. Many who are genuinely building have already given up. Over the past year, among the projects supported by certain exchanges, few have actually made retail investors money.

It's like what an industry insider said: if in an industry, flattering others is easier than doing real work, then that industry basically has no future. The current crypto market has a bit of that flavor.

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BlockchainArchaeologist

· 22h ago

Retail enthusiasm is really wearing thin; it feels like the crypto world is increasingly following the same old scam scripts to fleece retail investors. It's always expectation vs. reality, and the face-slapping hurts so much. Still hoping for a 0.13 turnaround? Dream on. People who flatter others to make money and those who do things—this logic is really heartbreaking. Is there any future for this market? Honestly, it's just exchanges trying to prolong their survival, but with people's trust gone, it's hard to lead the team. Seeing new coins constantly break below their issuance price every day, I'm already mentally exhausted. Does anyone really believe in this anymore? Even Hakeem is just along for the ride; this wave isn't as glorious as imagined. Liquidity has been drained, so what surge are we expecting? Everyone knows it deep down.

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LoneValidator

· 01-12 05:13

Retail investor enthusiasm has long faded, everyone now knows that new coins can't skyrocket overnight It's the same old trick, pump, dump, wash, the套路 has been played out Twitter sycophants do make money, but I still prefer to bet on those who actually do the work If the market cap can't even break 150 million, it shows everyone is getting smarter Wait, isn't this logic just the exchange trying to save itself? It's indeed hard to survive in construction right now, but in the long run, fundamentals still matter It's ridiculous that Hakeem is falling along with the market, projects with no issues are being affected unfairly The era of flattery is over, I feel like a big change is coming No industry prospects? Then why are we still here doing this? The poor performance of new coins shows that retail investors are finally becoming rational, which is actually a good thing

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LightningClicker

· 01-10 23:53

The saying that retail investors' enthusiasm is fading is really spot on. It's about time to recognize the tricks of this wave. It's the same old story again—new coins launch with initial hype then dump. I'm already tired of playing this game. Flattering to make money, doing things to lose money. This industry is truly hopeless. GG. Watching Hakeem's price drop makes it clear everyone is panicking. The mentality has completely collapsed. Still hoping to push @0.13@? This is probably the truth about what exchanges want—to grab liquidity. The builders are all gone, now all that's left are marketing dogs. It's really heartbreaking. The 300 million market cap dream is shattered, retail investors are being harvested again. I'm numb. This rhythm never changes, every time it's the same. Why am I still playing?

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ContractExplorer

· 01-09 16:54

It's the same old trick, just a new way for exchanges to cut retail investors' gains. Retail investors really need to wake up; flattering others indeed earns more than actually working. The same story keeps playing on repeat, it's getting boring. This wave of coins isn't as strong as expected; it should have been obvious earlier. Just look at the trading volume to see that the market simply isn't buying it.

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GasFeeCrier

· 01-09 16:52

Retail enthusiasm is fading, and that really hits the mark. The market is just like this now. It's the same old story of hitting a peak right after launch—got tired of it. Licking administrators definitely makes more money than mining coins, ridiculous. The logic behind this wave of new coins is just forcing liquidity in—boring. Flattering the admins makes money, doing real work is GG—this industry really has no future. 0.13 at this level? Would have been better to know earlier. A typical leek-cutting rhythm, nothing interesting to see.

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SerumSqueezer

· 01-09 16:47

It's the same old trick, always playing out like this. Retail investors and small traders are all being wiped out. --- 0.13? Laughable, this is just the exchange's harvesting mechanism. --- Flattering really is more appealing than building; this broken market is truly speechless. --- The market has cooled down, it feels like no one is willing to take the buy-in. --- So should we now run away and look for other chains? --- This new coin is just a cover; the real goal is to grab liquidity. --- Retail enthusiasm is fading? No, it's just being trapped and killed. --- Hakeem is a bit pitiful, following along to be sacrificed. --- Haven't seen a good project in over a year; it was obvious from the start. --- Twitter sycophants make money fast; this isn't sarcasm, it's reality. --- Can't even break 150 million, and still call it a top coin? --- Subjectively, this market already feels hopeless.

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StablecoinSkeptic

· 01-09 16:42

Retail investors' enthusiasm is fading away, and that's so true. Now, it's really more profitable to flatter than to build. It's the same old trick again—pumping, cutting leeks, then disappearing. The rhythm has been played out. At the price of 0.13, it feels like it will break further. The market sentiment is so bad that if exchanges don't continue to support the market, no one will buy. This is the current magical part—people who do the work are all GG, while the "licking dogs" are actually living quite comfortably. It's been over a year. Are there any retail investors who have made money? It doesn't seem like it. Flattering is more profitable than doing actual work. This industry really has no future.

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