When Musk brought Dogecoin $DOGE back in the day, that was genuine belief backed by real money. Trump's recent move is just pure harvesting: first shouting a few slogans to pump the price, then his family foundation secretly unloading.
The market isn't naive; everyone can see who the real players are and who is here to fleece the retail investors. At least Musk still shouts out trades every day on Twitter, whereas Trump is the typical politician: use it and throw it away.
Now these meme coins are basically just holders hurting each other; the real big players have long cashed out. This is a typical celebrity harvesting scheme, not much different from those stars endorsing P2P in the past.
YGG's direction of transformation is actually quite interesting. Skill-to-earn is more sustainable compared to the previous play-to-earn model.
However, the issue of token unlocking is indeed a big problem. The technical outlook doesn't seem very optimistic either. The effectiveness of treasury buybacks will depend on the execution strength.
The competition in the gaming infrastructure sector is very fierce. Whether YGG can maintain its market share during the transition period is crucial. High community participation is a good thing, but ultimately it still depends on the product's landing effects.
At this position, I think it's more appropriate to wait and see. We'll consider it again when there are substantial advancements in the transition.
