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Over the past day, popular tokens in the Stonk ecosystem have clearly retraced. Many attribute this to being drained by solana:98kfF7rmsg1QDUEoCqNE7g7M1FdrTt92TEp2CLzypump—but it’s not that simple. In fact, could the Stonk ecosystem be preparing for a transformative evolution? The first phase of Stonk was purely about playing a trading-and-dividend game. New tokens launched during this phase—such as ZCAT, PURR, 🎒, RAYCAT, and NEARKAT—were purely MEME-based, with no practical utility or directional value. As a result, they’re highly susceptible to shifts in market sentiment; whenever a new strong contender emerges, established players are temporarily overshadowed (though only temporarily—dividend mechanisms and key metrics remain intact, though weaker dividend performers will eventually be phased out). The solution is straightforward: Stonk needs to cultivate projects with real utility and long-term development potential, rather than relying solely on the MEME-driven flywheel. solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 managed to break through precisely because of this rationale (though no recommendation is implied—the STONK ecosystem’s market cap is already at 20M).

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