Sapce Review | Penetrating the "Always Drop During Conferences" Fog, Exploring the Value Game Behind Token 2049

CN
12 hours ago

Piercing through the fog of short-term fluctuations, witnessing the long-term value creation of the TRON ecosystem.

Whenever blockchain industry events like Token2049 approach, the curse of "falling during conferences" hangs over like a sword, making every holder wary.

From A-shares to cryptocurrencies, this phenomenon seems to have become a shared memory across markets. As the agendas of policy summits and industry forums are announced, market funds often choose to wait and see or even cash out in advance, as if the conferences themselves have become triggers for price volatility.

In stark contrast to the "falling during conferences" phenomenon, mainstream blockchain projects actively participate in these events, viewing them as excellent platforms to showcase their strength and expand cooperation. For project teams, conferences may serve as both a "risk window" and an "opportunity starting point."

So, is "falling during conferences" merely a market coincidence or an inevitable rule? How do the capital flows during conferences and ecological narratives jointly influence market trends? Understanding the rhythm within may be the real question to ponder. This issue of Space invites several industry KOLs to delve into the complex relationship between the crypto market and industry conferences, uncovering the essence behind the phenomenon. Below is a highlight of this issue of Space.

Is "falling during conferences" a market coincidence or an inevitable rule?

Crypto.0824 believes that the phenomenon of "falling during conferences" is more a result of psychological effects. "It's like the saying in the stock market, 'five poor, six desperate, seven turnarounds'; it's not a scientific rule, but everyone believes it, and as a result, it happens." He pointed out the key mechanism: "Before the conference, everyone talks about the market falling, so many funds cash out in advance to avoid risk, and then it really falls." However, he also noted that this rule is not unbreakable, "During the Bitcoin bull market in 2021, positive news from celebrities at the conference led the market to rise instead."

Crypto995 analyzed this psychological mechanism from a more professional perspective: "This is similar to the traditional finance concept of 'buy the expectation, sell the fact.' Positive news is often hyped in advance, and the price already reflects those expectations. By the day of the conference, investors worry that the good news has been fully priced in and choose to take profits."

Despite differing analytical perspectives, the guests seem to have reached a consensus: "falling during conferences" is not an ironclad market rule. Crypto995 pointed out: "If we broaden our perspective, what truly influences the market is still the macro environment." Mr. Mis also believes: "When liquidity is abundant, there is no necessary connection between conferences and price fluctuations."

The Moon Trader made a vivid analogy in the subsequent discussion: "Conferences are like amplifiers for narratives; they don't create market trends but amplify them." This amplification effect causes existing market sentiment to be concentrated and released at specific points in time. The market does not simply repeat history, but it often resonates with similar rhythms. Understanding the mechanisms behind the "falling during conferences" phenomenon may help us make more rational decisions when the next industry event arrives.

Capital Games and the Ecological Layout of TRON Under Conference Narratives

Although market participants debate the "falling during conferences" phenomenon, industry leaders consistently engage in global dialogue with a positive attitude. During the Token 2049 conference, TRON, as a core participant, deeply engaged in various agendas, showcasing its technological advancements and ecological layout to the global market through keynote speeches, ecological activities, and themed side events. This active participation indicates that for projects truly committed to long-term development, industry conferences are no longer amplifiers of short-term emotions but strategic opportunities for ecological growth.

At this conference, TRON brought tangible ecological results, with its network maintaining a daily average of transactions among the industry leaders, and the issuance of TRC-20 USDT consistently occupying a significant market share. In terms of financial performance, TRONSCAN data shows that the total revenue of TRON's ecological protocols exceeded $3.61 billion in the past year, achieving nearly $1 billion in revenue for two consecutive quarters in the first half of 2025, setting a historical record. These solid figures provide the most convincing evidence of its ecological and technological strength.

Notably, five key projects under the TRON ecosystem—SunPump, JUST, APENFT, BitTorrent, and WINkLink—made a collective appearance at this conference, covering multiple key sectors such as DeFi, Meme, NFT, cross-chain infrastructure, decentralized storage, and oracle services. This military-style display not only reflects the prosperity of the TRON ecosystem but also conveys a clear message to the market: true ecological value comes from multi-layered and multi-field collaborative development.

HashWhale mentioned in the discussion: "After the conference, the market will enter a 'true-false trend filtering period.' Only those sectors with real application scenarios and technological barriers can withstand cyclical fluctuations and achieve sustained growth." The multiple ecological projects highlighted by TRON precisely meet this criterion.

Through a series of actions during the conference, the TRON ecosystem not only showcased its technological strength but also built a broad cooperation network. The effects of these initiatives may not be immediately visible after the conference ends, but they plant the seeds for future value growth.

As the Moon Trader said: "We need to ask ourselves whether the content released at the conference is just hype or if it can bring real revenue or cash flow." The TRON ecosystem has provided the answer through its actions—true value creation requires time to validate, not just the fleeting highlights during the conference.

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