Looking at this phenomenon is quite interesting.

During a bull market, you open your social circle, and everyone is confidently analyzing the market, seemingly professional analysts. But when the bear market comes? It turns into "My friend said" or "I heard that certain project is doing well."

In fact, the real difference lies not in whether you can buy or sell. The key is whether you can access firsthand information. Those who are able to enter this "first layer" have long stopped bragging in social circles.

In the primary market, the rules in the past were too vague—who is fundraising, how is the allocation, and why you are not getting a share. This information is scattered everywhere, relying on screenshots and personal connections. The entire ecosystem looks like a social gathering.

What is needed now? Tools that can turn this game into a truly rule-based system. Make information transparent, so everyone can see the full picture of fundraising.

Instead of continuing to rely on screenshots for review, it's time to upgrade your tools and cognition.