The current crypto cycle has seen a significant shift in behavior, with many participants moving onchain to explore a vast pool of opportunities. Unlike previous cycles, this one offers an overwhelming number of options — dozens of promising-looking coins appear onchain every day, forcing participants to carefully select their picks. However, the sheer volume of choices brings its own challenges. Capital appreciation requires discipline, but many struggle with self-control, leading to a common “ape first, research later” approach. While this strategy may work occasionally, it often results in losses, leaving participants disillusioned. Some abandon onchain activity altogether, reverting to strategies that worked for them in the past. The evolving landscape makes this retreat increasingly unviable. CEXs are now mimicking DEXs by listing coins with high DEX demand. This trend leaves those waiting for CEX listings vulnerable, often becoming exit liquidity for more proactive traders. Meanwhile, large-cap projects are delivering lackluster growth compared to the rapid gains seen in onchain low caps. Yet, many participants fail to recognize the limitations of projects that have already transitioned from low cap to large cap. The expectation that these projects will replicate their previous success is often misplaced, especially as most cyclic winners from past cycles have performed poorly in subsequent ones. This pattern reflects the natural dynamics of emerging technologies, which follow a hype cycle. Blockchain and crypto are no exception, particularly as they intersect with other innovative fields like AI. The extent to which these intersections gain traction depends on the attention cycles they attract. Currently, AI is at the forefront, drawing significant focus. However, attention is inherently fluid, shifting based on catalysts and how communities align with them. This fluidity is expected to drive further fragmentation within the crypto ecosystem. Some trends will be short-lived, lasting only a few weeks or months, while others will endure for longer periods. Even in these longer cycles, sub-fragments, or "metas," will emerge, rewarding those who adapt quickly to the evolving landscape.