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Small tokens surge by 5000%, while mainstream coins are declining—The new narrative of the 2025 crypto market
【币界】2025年的加密市场真的是冰火两重天。你看那些知名度不高的币种，涨幅却骇人听闻——Solana生态的PIPPIN因为一张火爆AI图片带火了整个话题，一年涨了5384%，最高冲到0.6109美元。还有为模块化区块链生态做支撑的AB，也暴涨2716%。
反过来看头部资产就惨了。比特币今年跌了4.59%，狗狗币从年初到现在直接腰斩，跌幅高达60%。这种反差确实扎眼——小币种在疯狂创造财富神话，主流币反而在缩水。市场在讲一个很清楚的故事：热点轮换，机会转移，谁能踩中新的风口谁就赚。
I've said it before, chasing hot topics is a sure way to die, PIPPIN doubled just because of a single picture? Isn't that just gambling, buddy? On the other hand, BTC Dogecoin fell, and I feel more at ease.
Wait, are you trying to cut me like a leek?
Uh, are small coins really that tempting? Feels like all traps.
The ones that can make steady money are the ones no one is trading, just shows how rotten this market is.
Bitcoin drops 4% and it hurts so much, even if small coins rise a lot, I dare not move.
The madness of small-cap coins is like the Pop Art movement—on the surface creating wealth myths, but in reality perfectly illustrating the philosophy of a bear market—who would go all in on a story with no bottom line? (I would)
Is it even worth mentioning that Bitcoin dropped 4.59%? While the big players are shrinking, the retail investors have already started hyping the next PIPPIN. Even Buffett would be speechless...
But honestly, this rotation of hot topics does have a solid logic—looking at the supply and demand curve, retail investors' FOMO is the most perfect price discovery mechanism. Whether it makes money or not is another story; at least it honestly reflects how absurd this market really is.