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A certain cryptocurrency's market cap was only 10,000 at noon, but now it has skyrocketed to 10 million. You can see all kinds of opinions in the comment section—some boast about articles hitting over a hundred million views, some talk about Trump concepts, and others say how special it is to use USD1 as the base pool... In fact, these reasons are all after-the-fact explanations; once it rises, any story can be attached to it.
Where is the real problem? It’s that there are whales behind the scenes manipulating the market. The rapid surge of such coins is essentially the main players speculating—going from accumulating funds to pumping up the price and then harvesting profits, following a complete process. Those endless stories and concepts are, frankly, just tactics to attract retail investors to take the bait. Anyone who understands people knows that these kinds of dramas are played out year after year in the digital asset market.