Uniswap V4 HOOK feast is almost over.

RUG pools, scam pools, conspiracy pools are increasing, and several early popular projects are entering deep correction phases.
Here's a simple summary of the top 8 HOOK-related projects, how much everyone has gained, and how much they've been cut.
1⃣ SATO / $SATO
mechanism: Uses HOOK to achieve fair launch + 99% supply automatically stops minting, creating "on-chain scarcity."
Current status: Launched on May 3, quickly surpassed 1,000 ETH in early reserves, making it the absolute leader in this wave of HOOK narratives.
Token performance: Peak market cap close to $40M, recent market cap around $21M, weekly trading volume leading (about $66 million). Although it has retraced significantly from the high, it remains the top trading volume in the HOOK pool.
2⃣ @unipegv4 / $UPEG
mechanism: Each swap automatically generates a 24×24 pixel unicorn NFT on-chain (hard cap of 10k supply).
Current status: Launched at the end of April, an innovative narrative combining NFT and HOOK mechanisms.
Token performance: Peak market cap about $34M, recent market cap around $7.5M, a 7-day decline of over 40%. Although trading volume remains active, the hype has peaked.
3⃣ Slonks / $SLOP
mechanism: NFT project, redraws CryptoPunks using HOOK + on-chain model.
Current status: Minted on May 1, early floor price surged, then mechanism adjustments caused community division.
Token performance: NFT floor price rose from <0.004 ETH to 0.123 ETH (up to 60x), then cut in half to about 0.042 ETH; $SLOP market cap around $760k, 24h trading volume still relatively high but overall retraced significantly.
4⃣ @lo0pio / $LO0P
mechanism: HOOK turns idle LP into borrowable depth, users buy tokens, lock collateral, and directly borrow ETH, achieving a "lending + LP yield" compound.
Current status: Exploded last week, regarded as a representative of DeFi innovation.
Token performance: Reached 110x in a single day on May 10, peak market cap about $6.6M, recently triggered liquidation due to mechanism issues, continuing to plummet.
5⃣ @flood_markets / $flood
mechanism: HOOK + Aave integration, buyer funds automatically deposited into Aave for interest, fees stay in the pool to boost reserves/prices.
Current status: This project launched alongside Lo0p, both under the "auto-interest" narrative, but now the hype has sharply declined.
Token performance: Peak market cap about $5M+, now down to $1M, with a large retracement.
6⃣ $sat1
mechanism: An improved/forked version of the SATO mechanism, using HOOK for faster launch + sharding effects.
Current status: The "second generation" project quickly followed SATO, also triggered KOL conspiracy doubts, with serious FUD.
Token performance: Rapidly surged to around $10M market cap, now down over 90%, with only $275k in market value.
7⃣ @uhootdotart / uHOOT mechanism: Similar to uPEG, on-chain NFT generation (owl theme).
Current status: Just released on May 12, it's a "new batch" attempt of the HOOK mechanism.
Token performance: Not officially launched yet, still in the whitepaper stage, most likely launching today.
8⃣ @42069SHIT / $SHIT
mechanism: HOOK meme project launched on May 9.
Current status: One of the late follow-up projects in this wave.
Token performance: Some early hype, large fluctuations in market cap and price, currently retraced to $1.8M as HOOK hype cools down.
How many did everyone get? I found that second-layer projects are really not playable; besides SATO and uPEG, most second-layer entries are just giving away money, with only a small chance early on.
The newly launched projects based on HOOK mechanisms these days are getting cut more and more fiercely, with all kinds of patchwork innovations, starting to decline. Be extremely cautious.