Keep in mind that all counterfeit coins and foam cannot escape these eight sentences: 1) Liquidity creates narrative, narrative creates profit effect. 2) Profit making effect, igniting new project financing, airdrop expectations, and CEX coin listing trend. 3) New coins are launched, with high FDV and low circulation, VC、 Market makers and exchanges put the plates together. 4) KOLs began to form groups and shout orders, and retail investors began to believe that 'this is a new paradigm'. 5) The funds poured in, pushing the valuation from imagination to the foam area. 6) Newcomers crazily enter the market, project teams are busy with CX, and screenshots of sudden wealth are everywhere on the chain. 7) Incremental funds cannot keep up with unlocking and selling pressure, and high-level chips are starting to loosen. 8) Narrative rupture, liquidity drain, multiple killings and stampedes, and finally the whole nation is trapped, waiting for the next rotation to start over with a new name. There is nothing new in the cryptocurrency industry, only repetitive human nature.