2025-12-27 15:23:57

Analysts keep pushing the narrative: 'Memecoins are finished. Only revenue-generating protocols matter now.' But the actual market tells a different story.

Since mid-October, the so-called 'serious' projects have been bleeding hard. PUMP cratered 70%. MET tanked 63% after its token launch on October 23. JUP dropped 58%. LDO fell 56%. HYPE is down 48%. Even AAVE caught the wave.

There's a disconnect between what the talking heads are saying and what's actually happening on-chain. Protocol fundamentals don't always translate to price performance. Market cycles hit everyone—blue chips and memes alike. Whether a token generates revenue or not doesn't seem to be the deciding factor when liquidity dries up and sentiment shifts. The nuance matters more than the narrative.

PUMP0,65%

MET0,38%

JUP0,24%

LDO0,88%

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RooftopVIP

· 4h ago

Analysts have all fallen asleep; the on-chain is the real battleground. These so-called fundamentally strong projects are dropping even worse than memes. Why are they still hyping? Narratives can never keep up with the market's pace.

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CountdownToBroke

· 16h ago

Analysts are all full of nonsense. Why does no one talk about the current miserable state of those "legitimate projects"? Really, good fundamentals are useless; once liquidity evaporates, everyone in the market has to kneel. If I hear "memecoin is dead" one more time, I'll just laugh out loud.

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BlockchainTherapist

· 17h ago

Well... so those "serious" projects still collapsed, no matter how beautiful the narrative, they couldn't withstand liquidity exhaustion. --- To put it simply, good fundamentals ≠ stable coin prices, that's the truth of the crypto world... --- It's hilarious, shouting that memes have no future while watching mainstream protocols fall through the floor, what are analysts thinking? --- Liquidity is the real boss; no matter how strong the fundamentals are, they have to give way. --- After this round, I found that everything is the same; blue-chip memes also have to kneel. --- So what exactly determines the coin price? Seriously asking. --- When market sentiment shifts, all narratives become useless; that's the real truth. --- LDO dropped 56%, and some still dare to promote the "protocol era"? Wake up, everyone. --- The key is still timing and sentiment; everything else is just floating clouds.

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AirdropCollector

· 17h ago

Really, those big V's talk sweetly, but their own coins have dropped even more than memes, hilarious --- What’s the use of protocols? When liquidity evaporates, everything is pointless, the market is just so realistic --- AAVE can't even hold up, and they're still bragging about fundamentals... honestly, fundamentals have been outdated for a long time --- Since October, watching these "serious projects" fall one by one, finally someone dares to tell the truth --- Narrative is worth a few bucks, on-chain data is the real deal. Who believed in that story when JUP dropped 58% --- So this is how the crypto world is, whether you're blue-chip or meme, when the wind blows, everyone dies together --- Liquidity dried up, nothing can save it, this is the biggest truth --- Everyone is selling concepts, no one really cares about how you make money --- Sentiment is king, everything else is虚的 --- LDO dropping 56%, does that make those analysts' faces hurt?

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WalletDetective

· 17h ago

The "fundamentals" in the analyst's mouth now sound like a joke. The market has always taught us that actions speak louder than words. Hey, wait a minute, why are those hyping revenue also falling? PUMP down 70%, and we still have to look at the K-line? The so-called serious projects crashing is the real truth. No one cares whether you generate income or not.

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