Recently, a leading exchange launched a meme ranking feature, and it’s quite interesting to compare this with the trend of $irys.

I have figured out two perspectives:

First of all, what is the lifespan of those VC coins that have gone live on Alpha? $irys is a typical example. If you look at its K-line trend after going online, it initially surged to attract attention, then began to fluctuate and distribute in the mid-term, and later basically just continued to decline. This rhythm can be seen in many VC coins.

In simple terms, the Alpha mechanism provides these projects with a brief window of traffic, but whether they can survive through this window depends on the project's own ability to generate value. Relying solely on early hype and VC endorsements makes it difficult to maintain long-term value.

The market is becoming increasingly intelligent, and retail investors are starting to learn to judge the timing of entry from a lifecycle perspective, rather than blindly chasing highs.