Recently, A-shares' new stocks have shown a very strong profit-making effect.

The consecutive limit-up heights have been suppressed by regulators recently, and even the Yuzu players are now playing new stocks.
New stocks and new coins are quite similar—low market cap, high FDV, and not much actual selling pressure, just more on the first day, with short-term funds freely trading.
New stocks and the main AI narrative are generally associated with certain profit-making effects, and the K-line also shares similarities with new coins.