[He Yi: The crypto space has been storytelling for fundraising for so many years, but narratives are dead—utility must prevail] In response to crypto KOL @mirrorzk's post stating: 'The ship of the new era cannot carry people from the old era, and information from pre-listing teams may not necessarily be correct. Project teams must keep their eyes open, pay attention to information discernment, and avoid being deceived,' Binance co-founder He Yi posted on the X platform: 'In the short term, prices are indeed heavily influenced by liquidity, traffic, and token structures. However, whether a project can endure beyond the noise and cycles depends on factors like revenue generation, empowerment, and the impact of token issuance & burning. For instance, BTC, ETH, and BNB have all broken free from the constraints of the first three factors. The crypto space has been storytelling for fundraising for so many years, but narratives are dead—utility must prevail.'