"Feast: The End of Pump Frenzy and the New Birth of Baptism"

In those years, people kept repeating similar stories. From BSC to BASE, from Ethereum to Bitcoin, each ecosystem tried to replicate the miracle of Pump. The answer to this chase game seems to have never changed - the dragon-slaying youth will eventually face their own reflection.

The crypto jungle has changed its season. Macroscopically, there is no new liquidity entering the market, and market sentiment has been fluctuating since January. Funds are getting dizzy amidst Trump's repeatedly shifting tariff policies. Pump, as the largest casino, silently withdraws funds without reinvesting in users and the ecosystem, undoubtedly creating the greatest selling pressure. Choosing to bypass Ray to create its own launch pool is destined to create friction with the SOL Foundation. As a result, Time, Ray, and Bonk have begun to take turns appearing; each sword-like attack may not necessarily be the final blow, but it is undoubtedly shaking the foundation of this colossal entity in the SOL ecosystem.

We have seen too many things that feel familiar.

In 2022, the excitement when Opensea was about to issue its token has now dwindled to a daily trading volume of less than 20 ETH; in 2023, the "absolutely fair Btc ecosystem" heralded by the inscription track is now ignored by everyone in Ordin Rats. Will Pump follow the same fate? History continually proves that all celebrations built on emotional highs will eventually recede with the tide, revealing the harsh truths beneath.

As the Pump mode is repeatedly deconstructed and restructured, and as imitators rush towards the same myth, the market is writing its ultimate fable in its own way—those passions that have been harvested repeatedly will eventually coalesce into the true spark of transformation during some cycle. Just like all ancient civilizations must undergo the baptism of a flood, the Noah's Ark of the crypto world may be hidden in the ashes of some "dragon-slaying failure."

Perhaps, new opportunities for sudden wealth and rules for profit distribution quietly emerge in this never-ending swordplay.