在一个资金充分博弈的市场中：

工具成熟，小圈子抱团，龙头稳固。

新人进来，往往只是被浇的那一批。

这时，链上的 meme 叙事基本已进入尾声。

PVP 的窗口越来越短，只有出圈的 meme，才能带来新的增量。

“玩新不玩旧”，

并非情绪口号，而是周期逻辑。

从 SOL 到 BSC，再到 Base，每一次迁移都需要过程。

冲太早，不一定吃肉，有时还会被先吃掉。

In a market of full capital competition —
tools mature, circles close, leaders stabilize.
New entrants often become the liquidity exit.
At that stage,
the chain’s meme narrative is near its end.
PVP windows shorten fast,
and only out-of-circle memes
can bring real inflows.
“Play new, not old”
isn’t emotion — it’s market rhythm.
From SOL to BSC, then Base,
each migration takes time.
Move too early,
and you might become someone else’s exit.

#Meme #Crypto