Interestingly, the market's attitude towards certain projects is always swinging. When GIGGLE performed poorly in the last round, everyone said this project couldn't get off the ground, and even the founder's vision was denied. Now, with new projects struggling to rally, the comments have shifted to "Don't bother, there's no need for the exchange to list this."

Thinking carefully, this actually reflects the common mentality of retail investors—constantly switching between extremes. When prices rise, they shout about a surge; when they fall, they declare it's the end. True market participants need independent judgment, not follow-the- crowd emotions. Those who frequently change their stance are often the root cause of losses.

Those who see through this have long stopped playing the game of calling and counter-calling.