When the candlestick chart plunges into an ECG-like pattern on the Nth day, on the eve of the fifth anniversary of the epic "312" event in the crypto world, a wave of Renaissance suddenly sweeps through—the various KOLs coincidentally begin to review the ups and downs of life, from first love stories to memories of studying abroad, from travel experiences to life philosophies, with each person living as if in an article in "Yilin" as a blockchain guest author.

In this "On-chain Silent Hill," investors have nothing to do, and airdrop activities have become a phenomenon-level carnival. Many people who ignored rug pulls and new projects during the bull market must now also take a closer look at the benefits of this feast of braised pork. On the afternoon of the 11th, Binance announced that it would collaborate with PancakeSwap to hold an exclusive token generation event (TGE) for Bubblemaps on the BNB Smart Chain, with the token named BMT. Each Binance wallet without private keys can deposit up to 3 BNB, and the final distribution of tokens will be proportional to the total BNB amount deposited by all users.

After a series of operations, each wallet can roughly earn between 50 to 100 U in rug, depending on when they sell. After the subscription event ended, Binance Alpha launched BMT. The trend of BMT still followed the expected Christmas tree pattern. After the end of the subscription, there was a significant price difference between the two on-chain assets, but with coin holders selling off, the prices quickly dropped to the same level.

Left: Solana on-chain BMT candlestick chart; Right: BNB on-chain BMT candlestick chart

KOLs seek resonance through storytelling, while retail investors seek hope through small airdrops. One is a spiritual "faith recharge," the other is a real-world "wallet recovery," both leading to the same end.

"Indeed a bear market. Twitter was down yesterday, and this morning, after attending two meetings, I got on Twitter to see four friends' long life retrospective posts, a classic bear market review phase." Someone expressed on Twitter. The last time the editor saw such intensive life insights was probably at a Chinese New Year dinner table. Next, the editor will take the readers on a tour of the Twitter Literature Awards during the bear market period.

Compared to the bullish frenzy of the bull market, the bear market is more like hitting the market's pause button, cold and tasteless. KOL Wizard jokingly said, "When the market is soaring, there's no time to research; when the market is quiet, there's no mood to research." Setting aside market research, when there are no hot topics to chase, people tend to first study their past and future. Below, the editor categorizes the recent life musings of KOLs into the following three types: enjoy the present type, summarize reflections type, and ambitious type.

Enjoy the Moment Type

@0xSunNFT: "Bear market, falling in love, traveling the world, doing what you love, and enjoying the game."

Reflective Summary Type

@bitfool1: "After so many years, Foolish Brother and Foolish Sister-in-law still hold hands in bed, fearing that life is too short, with an end in sight, such days cannot continue forever."

@silverfang88: "My values have solidified through countless frugal moments. In fact, we are all fighting against the 17-year-old self we once were."

@CryptoOlddog: "You could say it was a perfect start, but without pain, a person cannot grow."

Ambitious and Inspired Type

@yuyue_chris: "Perhaps some people just can't stop; life is only about constantly climbing."

@brc20niubi: "The year when the peach blossoms were in full bloom, everyone was envisioning the future of the BTC ecosystem, will it just turn into historical dust like this?"

@YeruiZhang: "Being alive means having opportunities, as many friends have said. In my opinion, it's all about believing in the power of belief."

If the bull market is considered the "reckless driving" mode of the crypto world, then the bear market is a large-scale retrospective. From FOMO to Zen, from YOLO to HODL, from going all-in to "walk slowly and cherish" — this is the cycle of mentality in the crypto world.

Perhaps this is the ultimate secret of blockchain: the bull market teaches wealth accumulation, while the bear market teaches character. KOL wizards describe their current view on the market as follows: "Its speed is like the wind, its slowness is like the forest. Plundering is like fire, stillness is like the mountain. This is called Wind, Forest, Fire, Mountain." Instead of daily cursing at the market or politicians, it's better to study diligently. After all, when the bull market arrives, the rhythmic readers will be busy getting rich.

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