Recently, the Four.meme project achieved remarkable results in its initial fundraising for the Token $CDL. The project successfully raised approximately $194 million in cash and $58 million worth of $FORM Tokens, bringing the total fundraising scale to an astonishing $252 million.

This fundraising event has sparked a strong response in the market, with an investment limit of $4000 set for each participating address. This phenomenon highlights the characteristics of the current cryptocurrency market: while there is an abundance of hot money, investors generally exhibit a rational and cautious attitude.

It is worth noting that most of the participants in this fundraising are seasoned investors who have experienced market fluctuations. These investors are often referred to as "hard leeks"; they have accumulated rich experience in bull and bear markets and possess a profound understanding of the market.

The success of this fundraising also reflects an important characteristic of the current market: as long as high-certainty arbitrage opportunities or attractive projects emerge, these experienced investors will act swiftly. This phenomenon indicates that, although the overall market remains cautious, enthusiasm for quality projects and opportunities is still high.

The successful fundraising of Four.meme not only demonstrates the attractiveness of the project itself but also reflects the current activity in the Web3 market and the investment strategies of investors. With more and more innovative projects emerging, we can expect the Web3 field to continue to maintain its dynamic and opportunity-filled characteristics.