0xSun: Market cycles are cyclical, and retail investors are most concerned about the wealth effect.

BlockBeats News, on September 24, Smart Money and crypto KOL 0xsun.sol (@0xSunNFT) posted that market cycles are cyclical in nature. Last year, due to excessively high opening valuations and continuous token unlocks causing selling pressure, VC coins almost became the target of universal criticism, while on-chain Meme coins, with their full circulation and low entry opportunities, became the market focus.

However, as the Meme coin narrative lacks novelty, the ceiling is hard to break through, and on-chain liquidity declines, the market trend is gradually shifting towards VC projects with real applications, impressive revenue, or high control, low circulation, and strong backing. For retail investors, the most important concern is the wealth effect; as long as there is self-consistent positive news combined with genuine price action, the market will not reject such projects.