In fact, within a year of launching bibance, it seems that only Memecore project exceeded its high valuation and exploded, but it was just a normal pullback And Memecore is also one of the most unique projects: without any narrative or technical background, currently not obsessed with developing anything or new products, and even institutional financing is unclear. Typical three no's but really strong Most projects are divided into two schools of thought: 1 ️⃣ Launch and experience a sharp drop, sell all tokens, such as OPN two ️⃣ After experiencing a sharp drop online, the highest point of TGE was pulled back within 7 days, creating a false breakthrough trend, followed by a sharp drop three ️⃣ Stable online, steadily rising, and then plummeting in sudden moments Almost all of them hit their lowest prices after peak within 1-6 months, and a 80-98% pullback is the norm (with a median pullback of over 75% for Spot new projects in 2025) The data for the whole year of 2025 proves that within 1-6 months after listing, the highest peak drawdown is greater than 50% For example: BERA (Berachain) 96.2%, FORM 93.5%, ACT 98%, ONDO 88%, and SAHARA 91.8% that is not mentioned In general, this is due to the continuous release of tokens without any new buying intervention, as well as the market no longer being optimistic about the selling of the project by its holders Another core reason is that after Bitcoin falls below, holding Bitcoin with large amounts of funds has a much higher return risk ratio than holding counterfeit tokens Another part of the situation is due to accidents: uxlink theft, GPS market making anomalies .... This may be an important reference for everyone's trading, as the market has returned to a normal trajectory: selling pressure and release have become the most important measuring factors, and there may have been some projects that maintained token price growth during release before At present, the cryptocurrency market has receded. News related positive news such as announcing cooperation and launching new products have only a 15 minute short selling value, while funding related positive news such as Wordcoin DAT and stock coin integration have a 7-day trading opportunity Furthermore, do not believe that XX is for the sake of explosive growth, such as OPN completely reversing its crackdown but still experiencing a sharp decline, selling tokens to those who believe that reclaiming tokens is to control circulation and drive token growth