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The leading position may seem stable, but the likelihood of a change in ownership is extremely low—the key issue lies in the ceiling. Dropping from a height of 50 million to 18 million, this shrinkage not only affects the leader itself but also triggers a chain reaction.
Projects like Long Er, Long San, and the entire BSC ecosystem are all difficult to escape unscathed. This is not just a simple individual tragedy but an ecosystem-level dilemma. Dark horse projects and star projects will also be forced to adjust their expectations—when the leader's ceiling drops, their valuation space will also be continuously compressed. It's like the entire ecosystem's upward channel suddenly narrows, and the growth potential for newcomers is naturally greatly reduced. The cruelty of the market lies here: the decline of the leader will affect the entire on-chain ecosystem's imagination.