The hype cycle has warped how traders evaluate tokens. Everyone chases the narrative du jour, conflating meme potential with actual utility—then wondering why their bags never moon. Here's the thing: it's pure attention economy. Whoever captures mindshare wins, regardless of fundamentals.

This disconnect traps countless traders in a specific pattern. They load up on yesterday's darling when sentiment peaks, convinced the momentum will sustain. Then comes the inevitable pullback. Instead of cutting losses, they rationalize. "It'll come back," they tell themselves. Meanwhile, the market's already orbited to the next shiny object.

The result? Bags held for months, sometimes years, while fresh opportunities compound elsewhere. The coins themselves didn't fail—the trader's timing and psychology did. Separating narrative from reality requires discipline most skip.