Previously, some hot sectors could last for a year or even throughout the entire bull market cycle, such as public chains, DeFi, GameFi, etc. Due to various factors such as technological innovation and market demand, these have attracted a large amount of funds and long-term attention from investors. On the other hand, in the past two years, the Hong Kong, Inscription, Meme, or AI sectors have mainly attracted intermittent, speculative, and short-lived speculative funds through pure speculative concepts.