GM ☕️ The market has really been falling badly lately, so I'm only daring to play with some small Tokens on-chain to satisfy my gambling urge.

The few mentioned by Teacher Kuangshui that I was lucky enough to touch have made me a little recovery money; just hanging on for now 😮‍💨

My personal favorite is still $MOLT. This narrative fits my taste so well—AI social forum, satisfying the public's voyeuristic tendencies, watching a bunch of AI agents doing their own thing is inherently fun.

But reality is cruel; the liquidity is really not enough. $MOLT has never been able to break out, reaching 100M has basically become a ceiling 😮‍💨

Looking back, the reason so many golden dogs (like Ai's GOAT, the animal series hippo, squirrel, etc.) managed to touch a market cap of over 1 billion USD is not because they are so divine, but because the entire market is incremental. When the market is doing well, liquidity continuously flows in and spills out, which is why there are waves of people entering to buy these alphas, leading to the emergence of one golden dog after another.

Recently, I've been quite optimistic about the narratives of tomatoes 🍅, RALPH from a while ago, and now the penguins and lobsters. In terms of narrative strength, to be honest, they are not inferior to those back in the day.

But reality is also clear: the peak for penguins is about 160m, and Molt's peak is at 120m; both have come down since then. The crypto world really has no liquidity anymore, and can't support the narratives.

So should we still play? Yes, but we need to lower our imaginative expectations a bit.