On the conspiracy theories about Changxin: At the tail end of a PVP market boom cycle, there’s often something that emerges to keep the sentiment alive. It’s usually the top new rising star in the Top 1 sector. You could call this kind of thing a 'decoy.' This trick has been played multiple times in Crypto. If it wasn’t for Shib around May 19, 2021, or NFTs and Stepn (GMT) before the one-sided crash in 2022, there wouldn’t have been so many people trapped in the fundamental narrative faith of the entire public chain sector in 2022. So, Changxin isn’t just about sucking liquidity from others— it’s taking on the heavy responsibility of being the 'decoy.' 'Low initial circulation' can make its short-term (1–3 months) performance prop up the reputation of the entire family, while leveraging the market cap of the total shares to create a sense of greatness and refresh perceptions, achieving the effect of 'don’t leave, folks.' It’s like a store pushing one flagship product to become a hit, even at a loss, just to attract traffic and sustain the sales of other products. But the cost of low initial circulation in the medium to long term (3 months–1 year+) is something that Crypto players who are ahead of the curve by several versions should be all too familiar with.