The market has short-term memory, but on-chain data never lies.

In the wave of the crypto market, projects with true vitality always share this characteristic——

They are not the loudest, but the ones that last the longest. Some Meme coins can survive the bear market live cycle, not by hype packaging, but by continuous execution and development. When black swans suddenly appear and most projects collapse, they instead gain consensus.

After two years crossing four complete cycles, this is not luck, but the result of market filtering. Each rally can lead the sector to recover, and every correction brings new builders into the fold——this is true network effect.

Short-term celebrations always come to an end. When hot topics fade and funds withdraw, what remains are the things that can go far. The key to identifying such projects is to see through superficial noise and find teams and communities that persist even when the market is silent.

This is the moment when long-term value surfaces in the crypto market.