0xSun: Market cycles are cyclical, and retail investors are most concerned about the wealth effect

0xSun, in a post on the X platform, stated that market cycles are cyclical. Last year, due to overvalued openings and the selling pressure caused by the continuous unlocking of tokens, VC coins were almost universally condemned. On-chain memes, however, became the focus due to their full circulation and low-price entry opportunities. However, as the meme coin narrative lacked novelty, struggled to break through the ceiling, and on-chain liquidity declined, the market trend gradually shifted towards projects with real applications combined with impressive revenue, or VC projects with high control, low circulation, and strong backgrounds. He believes that for retail investors, the most important factor is still the wealth effect. As long as there is reasonable positive news and substantial price increases, they will not lack attention.