Just came across some on-chain data—the narrative density of meme coins is quickly catching up with the tide table. One new term after another comes in like waves: modular, DA layers, and the developers chat with flying colors. People like me watching from the sidelines are left completely baffled—anyway, it’s pretty lively.

But lively as it is, the more I watch the timeline of miner income, the more I feel that some things rise as sharply as the tide, but also fall quickly. In plain terms, no matter how pretty the meme-coin narrative is, it still has to leave itself a “waterline” in the back—set a stop-loss level, don’t really assume you’re a surfing expert. After all, after the waves pass, what may remain on the beach is only an empty shell.

But every time the tide goes out, someone always forgets to put on their pants…