The second wave theory, I believe, aligns with my "bull market engine" theory and is one of the truths of this world. i got into defi in September 2020, and I've already missed a lot; once I understand, I will go all in immediately. I didn't participate in minting the ordinals, but once I understood, I immediately executed hundreds of BTC address transactions. I came into sol meme research later, after neiro, and once I understood, I executed hundreds of sol addresses for back-and-forth trading. Every time I participate, I have good returns because this is a very certain opportunity at the track level. Currently, I'm still observing BSC; to be honest, I really haven't figured it out yet. Only CZ is shouting, it's too sporadic and the ceiling is limited. Aster is quite special as it will be bound to BN in the future, so it is indeed a big opportunity, but I can't figure out how to handle the second phase. This year, I missed the hype of the second wave of airdrops, which is a bit regrettable. There were clear wealth opportunities, but I didn't go to explore a few other perp DEXs, stemming from my bias against contract trading itself. This loss is significant, as it's one of the few track second phase opportunities I didn't participate in. Next, I still need to observe how the BSC ecosystem develops, whether it's worth creating 100 addresses to trade, and how other neglected on-chain themes and ecosystems will retaliate.

The second wave usually requires observation of: 1️⃣ Wealth effect: Many new targets are listed, and quite a few people have made M-level profits; 2️⃣ New narratives: The decentralization of everything in ICOs, everything on-chain in DeFi, the BTC ecosystem of inscriptions, and the community narratives of Sol meme and AI narratives. 3️⃣ New gameplay: ICO's代投, DeFi's second and third pools, inscriptions' engravings, and Sol meme's internal and external PVP.

ICOs emerged in 2016-2017. DeFi appeared in 2020-2021. NFTs emerged in 2021. Inscriptions appeared in 2023. Sol meme (pump mode) appeared in 2023-2024. During the bear market of 2018-2019, there were IEOs and EOS-based casinos, among others; In 2022, there were the aftershocks of DeFi 2.0 and the first generation of on-chain perpetuals. New opportunities in crypto are constantly emerging. Based on this reasoning, it seems that after about a year of silence in 2025, the race will start again in 2026.

ICOs emerged in 2016-2017. DeFi appeared in 2020-2021. NFTs emerged in 2021. Inscriptions appeared in 2023. Sol meme (pump mode) is expected to appear in 2023-2024. During the bear market of 2018-2019, there were IEOs and EOS-based casinos, among other things; In 2022, there were the aftershocks of DeFi 2.0 and the first generation of on-chain perpetuals. New opportunities in crypto are constantly emerging. Based on this reasoning, it seems that there will be a year of silence around 2026, and a new track will begin in 2027.

ico defi /nft inscriptions sol meme (pump mode) These are the retail investors (I mean those with only tens of thousands), who have the best chance to turn their investments into 100x or 1000x, whether they are brave enough to play a round, or like me, play in the second round. The industry has its main development lines, and the main lines on the chain have not changed; in my view, they all look the same, but you need to appreciate them carefully.