The day before yesterday, the king-level project zama went live, shocking everyone, claiming to have raised 130 million, selling coins for tens of millions, and a total of nearly 200 million raised. As a result, the total market value has now fallen below 300 million. It should be noted that the project team has done nothing to support the market and has already decided to unlock and sell, indulging in luxury. The project team has truly shown its colors. From the start of trading, they have done nothing, allowing the token price to plummet.

Coincidentally, today's ward is also a newly launched project. Many people had high hopes, thinking it would soar to 0.2. The project team directly sold one and a half million in the limited liquidity available on alpha, further destroying market confidence. I also took a little gamble and successfully lost the airdrop I received yesterday, ending up with nothing. It was already difficult to make money, and now trading is even harder due to the sharp declines. I feel even worse now.

Forget it, trading isn't for me; I'd rather do hair removal. Hair removal is always profitable, and there's no need to be anxious.

There is currently a vanry@Vanar hair removal event in the square, where you can earn points through posting and trading. If you enter the creator leaderboard's top 100 before the event ends, you will qualify for the reward distribution. Anyway, there's nothing to do in a bear market, so it's a good time to practice writing.

There have been many rumors about the Vanry ($VANRY) project quickly offloading after listing, which indeed reflects common pain points in AI narrative projects: concepts come first, implementation is slow, and teams lack patience.

When listing coins, hype around 'AI native L1', 'on-chain reasoning', and 'semantic memory' surged the price at one point, but ecological progress has been slow. Although the Kayon engine and Neutron storage have updates, they haven't led to explosive TVL growth. After the team's locked positions were unlocked, there was obvious selling pressure. Retail investors bought in and got stuck, with prices dropping over 98% from the peak. This exposes an old industry problem: many projects treat listing as the finish line instead of the starting point. Few are truly building ecosystems, while too many are taking advantage of the AI hype to raise funds and run away. Vanry has a technical foundation, but if they do not accelerate delivery, they could easily become the next 'air AI chain'. Don't FOMO, focus on on-chain data and real products.