Several recently listed projects have performed well in the market. Taking @ AEON_Community as an example, AEON rose after going public and fell back, currently stabilizing at around $0.07. However, compared to the price itself, several observations behind the project are more worth sharing. 1/Token centralization: a last resort First, let's take a look at AEON's token allocation: Team 20% Ecological 32.38% Foundation 18.3% That is to say, the majority of tokens are held by the team and affiliated parties. The price fluctuation on the day of listing was mainly due to the selling pressure brought by the initial circulation of 18.8% tokens. However, from the trend, this selling pressure has been basically digested by the market. It is worth mentioning that the team repurchased 3 million AEONs on August 3rd, and the repurchase address is as follows: 0x277add739c6e0477616948357af9e79fe1ec9b80 2/Market returns to fundamentals As the VC coins of "valuation first, product later" and the Meme coins of "attention first, value later" have stalled, the cryptocurrency market in 2026 is returning to the simplest investment logic: Real needs, value feedback, and whether the project can withstand liquidity contraction cycles. And AEON's core narrative is stepping on the track of AI Payment. Looking back at history, every major technological wave has given rise to a matching payment layer. E-commerce accelerates the popularity of online payments The creator economy reshapes global payment methods Cryptocurrency brings borderless value settlement capability The same logic is repeating itself in the AI era. As autonomous agents gradually acquire the ability to manage business and coordinate economic activities, the first problem they need to solve is how to autonomously pay for resources such as computing power, API calls, software, and data? This is the prototype of "machine native finance" and also the key point that AEON is trying to enter. To support this vision, AEON has deeply integrated multiple cutting-edge intelligent agent protocol standards: X402- HTTP Native Payment Protocol ERC-8004- On Chain Agent Identity and Transaction Standard Google A2A - Inter Agent Communication Framework MCP - Model Context Protocol 3/Write at the end Looking back at the past few bull markets, each one had a distinct dominant narrative. DeFi → NFT → Meme Coin What is the core narrative for the next round? It is likely to be an AI intelligent agent.