The operation of an ecosystem fund from a leading exchange is quite intriguing—$100 million fund size, with individual investments of $50,000. This approach is actually a classic expectation management framework.

Low-cost startup, high expected returns. Once the fund makes a move, the market immediately forms an imagination space: since the official is布局, the project must have potential. Retail investors don't want to miss out, and start提前卡位; the community follows suit and spreads the hype, with热度 spreading spontaneously. Prices rise accordingly, and throughout the process, the financing costs for the whales are actually minimized.

The logic behind this is essentially expectation-driven. No爆点? Create爆点 yourself. An announcement, an investment, a signal—just one is enough to reinforce the market. Retail investors' FOMO mentality and community传播力 often have more power than actual资金量. That's why ecosystem funds are becoming increasingly common in bear markets—they have already calculated the成本与收益.