The hell-level difficulty bull market, what is the point of breaking the deadlock?

AI Agent is weak and celebrity issuing coins is equivalent to fraud,

major narratives are temporarily suspended

Since this year, the biggest feature of the currency circle is that its sustained growth is not only reflected in exchange altcoins, but also on-chain currencies that performed well in Q4 2024 are also facing a sharp decline.

Here are the rises and falls of the major AI Agent currencies in 2025:

• Virtual: -79.2%
• Ai16 z:-85.5%
• AIXBT: -68%
• Griffain: -80.3%
• Buzz: -72.4%
• Fartcoin: -67.5%
• ARC: -62%
• Swarms: -45%

It can be found that in less than three months, the top projects of popular narratives fell by 80%. Although it is not possible to directly judge that the track is false, the loss of attention is an objective fact and cannot be retrieved for a moment.

Let’s take a look at the celebrity currency narrative, with Trump firing the first shot, and then other celebrities and even countries followed.

The following are the main currencies of celebrity coins, which have fallen from their highs:

• Trump: -77.1%
• Melania:-91%
• Vine:-92.7%
• jailstool: -93.5%
• Jellyjelly:-98%
• CAR: -98.5%
• Libra:-94.3%

There is a saying in the currency circle that speculates on new things rather than old things, which means that funds are willing to choose newer narratives for speculation. However, compared with AI Agent, it is obvious that the celebrity coin track is more bloodthirsty and cruel. What is the current problem of these two tracks? ? At a time when new narratives in the currency circle are scarce, is there any breakthrough?

Reference: dexscreener

Current narrative dilemma: Pure concept hype style is prevalent

In terms of the AI ​​Agent track, many projects are still at the stage of "concept display" and "future blueprint", and lack products that are actually available and can be promoted on a large scale. Even if several operational services are really launched on the market, there are still problems such as complex interface and poor user experience, which makes ordinary investors unable to truly stick to them. What's worse is that in order to cater to investors' expectations for "AI + blockchain", the project parties often use exaggerated narratives to raise prices, but their actual application has repeatedly missed the votes. Over time, funds lose patience and attention begins to shift, resulting in a sharp decline in the price of related tokens.

In the celebrity coins, although Trump is a full-scale start, when the token circle encounters the "celebrity end effect", the problem is quite obvious: I am afraid no public figure in the world can surpass Sichuan in terms of topics and influence. general. Although politicians, internet celebrities and celebrities from various countries tried to follow up, they were unable to replicate the initial capital popularity and market sentiment. As the market follow-up becomes weaker and weaker, the celebrity currency track also shows a "flash-of-the-pan" phenomenon of fast and fast departure. Investor confidence is rapidly lost, and prices will naturally fall.

However, the deeper problem behind these tracks are falling into large fluctuations is that many projects are stuck at the "concept speculation" level and lack a real and sustainable return model. Whether it is AI Agent or celebrity coins, its core narrative relies on capital and popularity to enter the market quickly, but lacks the incentive for users to participate for a long time. When the heat subsides, the price will be difficult to support, and it will not be possible to attract new funds to enter again.

Find real-life profit projects

To stand out in the current narratively exhausted market, the key is to find products with "real benefits" and be "willing to share with users". The so-called "real income" is not just about earning the rising bubble when the exchange is listed, but about continuously generating feedback through actual business models and trading behaviors, and feedback to token holders or ecosystem participation. .

Among them, Hype rliquid is in line with the scale and is the same as a centralized exchange in business. The sources of income are mostly contract transaction fees, but Hype rliquid will repurchase Hype tokens 100%, and the transaction fee is determined by the transaction volume. Therefore, Hype rliquid firmly binds the coin price to the product.

According to DefiLlama, Hype rliquid processes about 45% of the total 24-hour transaction volume of all Perps DEXs, currently at $3.78B per day, with daily revenues of about $1 million, still maintaining extremely high in the current market downturn. Activity, so in the cold winter of the altcoin, the price of Hype remains strong.

No matter how popular the narrative is, it will pass. It can be retained in the crypto market for a long time and still has PMF, high user stickiness and real benefits.