Lao Bai|Jun 03, 2026 10:45
I remember a while ago, everyone was talking about the gradual transformation of the cryptocurrency industry into a US stock market. Not only did the primary market only invest in a few tracks with PMF, but the secondary market also focused on users, real income, cash flow, repurchase models, and other things, no longer paying for the dream market rate of pie charts and narratives
Now the US stock market is starting to adopt a reverse trend of memeization. Previously, CRCL and CBRS relied solely on storytelling to skyrocket from their IPO prices to exaggeration (which means they probably have the most users in the industry). Later, Huang Jiaozhu was able to skyrocket the stock price of Marvel, a large company with a market value of nearly 200 billion yuan, by 50% in a day with just one voice. Isn't 'turning stones into gold' as efficient as' opening up billions'
It's not that I don't understand how fast the world is changing
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