Regarding the 20x "Perpetual Fund" $snowball in two days, it's playable but don't get too caught up in it!

If you simply view the snowball as a meme of a low-quality project, it has definitely been a goldmine recently.

The narrative of the "self-circulating" on-chain experiment is unique and captivating, with no internet memes, no celebrities promoting it; everything is community-driven. The mechanism achieves 100% automatic market-making for creators' fees, which easily resonates with retail investors. When the market is good, tens of millions is definitely within reach.

But you must view it from the perspective of a low-quality project; it’s just that the story told at this stage is good. If you’ve made a profit, you should run. Don’t get obsessed with the mechanism itself; this isn’t the first time such a mechanism has attracted attention.

Brothers who have been trading for a long time should understand that there is no perfect mechanism in cryptocurrency; there are only better arbitrage strategies, especially when playing in the low-quality project segment. The mechanism is just a theory to attract funds, but it is not the core factor determining market trends.

The secondary market itself is a game of capital competition; the law of big fish eating small fish is unchanging. Prices rise due to the influx of funds and fall due to the withdrawal of funds.

In the face of capable market makers, no matter how impressive the mechanism sounds, it can still be manipulated. Every address's funds are there to seek profits, not for charity. The moment consensus collapses, a 100% fee cannot change the final trend of the fund.

In short, enjoy it but don’t get carried away!