The Kaito era is now a thing of the past.

Once it was all the rage, with obvious profit-making effects and continuous rising popularity. Later it gradually cooled down and eventually faded into history.

This cycle has been repeatedly played out in the crypto market—

The madness of DeFi Summer. The fierce battles of Curve Wars. The wave of $OHM forks. The fleeting moment of DeFi Kingdom. The collective celebration of $ARB airdrops. The passionate anticipation of Friendtech social tokens. And now, the wave of Memecoin.

Each one shined brightly at some point, each brought opportunities for wealth. From explosion to cooling, from anticipation to disappointment, the market evolves through these rotations. Project teams come and go, capital chases hot trends, retail investors follow the herd to buy in—this is the true picture of this market.