Looking at the current primary market conditions, after going in circles, I still only believe in my dragon-chasing strategy.

All narratives, all hype—they're all illusions, nothing more than temporary tools for market makers to dump their holdings.

For a long-term performer, the only core factor driving its appreciation is: strong buying power, sufficient number of buyers, the continuous fact of being purchased, and the high probability of continued purchasing. Plus external macroeconomic market conditions (which greatly impact overall FOMO sentiment). It's like the difference between having $100 in your pocket versus $100K—your emotional state is different, and your willingness to risk capital is completely different.

Currently, my dragon-chasing strategy definitely doesn't fit the current market conditions, because tens of millions can be hard-pumped by market makers alone.

But once a MEME reaches hundreds of millions, the core factors I mentioned become the prerequisite foundation for that MEME to reach even greater market valuations. In my view, the current market lacks the basic conditions to produce a "popularity dragon" anymore, so my dragon-chasing strategy no longer works. However, the core logic can always be understood this way.

Currently, each cycle has its own strategies, and each cycle will also produce its own chosen ones!