Author: Haotian
1) The fermentation of PI coins in the bear market has given many Crypto practitioners a mysterious moral "superiority complex", and they have almost all been confused by the slogan of "one PI equals one BTC" from the aunts and uncles around them.
Well, yes, everyone knows that this is the CX slogan, thinking that the people in the bear market are very stupid, but in the eyes of many people, the people who play the capital pool and the people who rush to on-chain memes are essentially no different. Being in the middle of it all, everyone also knows that it is a "run faster" game, and they all feel that they will run faster than others. There's no need to mock, if you don't like it, just don't play.
2) The greater the market response to the exchange's listing of coins, the more it exposes not just the exchange's listing aesthetics and integrity issues. The surge of negative emotions actually shows that the market's liquidity is really on the verge of drying up, everyone is losing money, and they are directing their emotional artillery towards the exchanges. If it were a bull market with abundant liquidity, probably no one would care.
3) The cycle of exchanges' coin listing becoming the focus of attention is really weak, no matter how they do it, it is full of Noise. The original meaning of the coin listing group was to review the value of the project, so that high-quality projects have greater exposure and brand reputation. But now the money-making effect of exchanges listing new coins is gone, and even the brand and reputation are gradually being lost.
Regardless of the considerations of user acquisition and other product business behind the exchange's listing of PI coins, it cannot explain why the AI Agent series of tokens, which have been on-chain hot spots for a long time, have a large user group and strong consensus, have been ignored? Could it be that our beloved Alpha projects are not as good as the aesthetics of the aunts and uncles?
TRUMP's mess has drained a lot of liquidity from the industry, and PI coins have taken away the remaining moral "superiority complex" in the industry, and the current industry environment is really difficult. The key is that the real commercial interests behind the exchange's coin listing are very complex, and the only way to break the deadlock is to gain the ultimate pricing power over the value (price) of on-chain assets, making the on-chain world more powerful.
