Speaking of popular tokens like BEAT, there has indeed been a noticeable shift in momentum recently. The hype in the early stages of the project has gradually subsided, fewer people are chasing after it, and the capital flow has started to break apart — this phase may seem dangerous, but in fact it hides operational opportunities.

The lifecycle of meme coins is actually quite predictable. Each cycle has a peak moment, but once attention wanes and major funds begin to withdraw, the subsequent trend is basically predetermined. BEAT is a typical example — trading activity declines, market enthusiasm dissipates, and the upward potential is squeezed dry, leaving only the rhythm of distribution.

On-chain data clearly confirms this. Large holders are continuously reducing their positions, and signs of major withdrawals are obvious. The night before last, I shorted BEAT and also placed an order on ETH. I woke up in the morning to find the ETH order unfilled, but BEAT suddenly dropped, yielding over 4000U+, and this wave of market movement was quite smooth.

The key is to distinguish the phases clearly. During the rising phase of hype, rushing in can easily lead to being trapped. The real trading opportunities appear when the hype fades and popularity disperses — those who understand the rhythm profit here. The crypto market is never short of opportunities, but real gains go to traders who can see through the flow of funds. If you haven't yet found your analytical approach, it’s worth observing on-chain data and position changes more closely, as these are often more truthful than the noise of public opinion.