I believe that the more real-world demands a token is "endowed" with, regardless of the narrative (story) of the cryptocurrency market itself, the greater and more sustainable its probability of "success" on DEX or CEX. Because we all know that the vast majority of project tokens exist only for the purpose of speculation (harvesting liquidity), and the long-term path belongs to the speculative nature that fills the demand for cryptocurrency speculation. The demand for cryptocurrency trading is also a demand, but in reality, more and more people are unwilling to pay for it. The success of Trump's token also indirectly proves that the vast majority of tokens in the cryptocurrency industry are failures. The fundamental reason why they cannot sustain demand is that they cannot approach or move towards the real world. I think no token can compare to the world's largest IP, the concept of a presidential IP, let alone the US president, because everything encrypted is now deeply influenced by the United States. So what everyone is fighting for is whose traffic is large and whose universality is strong, which is the same as the essence of influencer live streaming sales. The process of token counterfeiting in the cryptocurrency circle is known as the process of good coins driving out bad coins. In the past, our standard for defining good and bad coins was actually fundamental, which was whether the market pull was sustained. Now, it is whether you can obtain demand in the real world and whether this demand can be sustained. Therefore, the market value of the token will also increase or continue to increase, otherwise you will lose the sustainability or possibility of market value growth. I believe this phenomenon will become increasingly significant over time. If I were to enjoy the future of the cryptocurrency industry, it would be two major sectors: the ETF sector and the sector closely tied to the real world.