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Over the past week, the cryptocurrency market has been sluggish, but "mouth-looting" has gained attention as a new way to participate. This article focuses on the three major "mouth-looting" projects: Kaito, Cookie, and Galxe. In the past week, the market has been in a tug-of-war, with the overall cryptocurrency market falling into a slump. Both price performance and community discussion热度 have been as stagnant as a dead pool. However, in this silence, a new way of participation has increasin...
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InfoFi Trinity "Mouth-Looting" Guide: Kaito, Cookie, and Galxe
Over the past week, the cryptocurrency market has been sluggish, but "mouth-looting" has gained attention as a new way to participate. This article focuses on the three major "mouth-looting" projects: Kaito, Cookie, and Galxe. In the past week, the market has been in a tug-of-war, with the overall cryptocurrency market falling into a slump. Both price performance and community discussion热度 have been as stagnant as a dead pool. However, in this silence, a new way of participation has increasin...
The Quiet End of an Era: How Wallets Lost the Battle for Traffic to CEXs
An era has quietly come to an end. Wallets, as standalone products, seem to have reached their twilight. Struggling with profitability, they are increasingly being acquired or integrated by centralized exchanges (CEXs) or traditional fintech giants, becoming mere components of larger ecosystems—such as stablecoin payments—rather than the focal point of industry development.The Decline of Standalone WalletsFor entrepreneurs in the space, persistence has become a virtue in itself. The goal? Sur...
Impact of SynFutures' Entry into AI Agents
From SynFutures to AI Agents: A New Era for DeFAI The product form of AI Agents is more suited to appear as embedded service middleware, which helps to bring the trading experience back to the simplicity and intuitiveness of Web2. The revival of the AI Agent track will not be driven by "CA engineers" who excel in performance, but by "product engineers" who focus on practical implementation. In the midst of a market sentiment storm caused by the collective failure of on-chain PVP leaders and t...
No Slow Fade—Only a Sheer Cliff
On 5 August 2025, a pink-knit beanie goes under the hammer.
It is neither a luxury artifact nor a museum piece; it is the trademark hat of Dogwifhat (WIF), the Shiba Inu that once ruled Crypto Twitter.
In November 2024 the hat still symbolised a forty-billion-dollar meme-coin empire. The community even raised nearly US$700 k to beam the image onto the Las Vegas Sphere.
Three months earlier, on 18 March 2024, the very same “hat dog” was minted as an NFT on Foundation and sold to legendary trader GCR for 1 210.759 ETH (~US$4.3 m).
No one imagined that, less than a year later, the hat would reappear on an auction block—this time to an almost empty room.
From Spotlight to Silence
The NFT narrative collapsed, the market froze, and the once-almighty meme was met with indifference.
When the auction was announced on 1 August, the tweet barely stirred a ripple.
WIF’s story exposes a brutal truth: in Web3, being forgotten is the only true death.
The Meteoric Rise
Late 2023: a single photo—Shiba Inu in a pink beanie—starts circulating.
Enter Ansem, the most influential KOL in crypto.
Every one of his tweets acted like adrenaline; WIF rocketed from obscurity to centre stage in eighty-one days, breaching a US$1 B market cap.
Community mania followed.
They dreamed bigger than memes: project the dog onto the Sphere—world’s largest spherical LED screen.
The 65 k US$ crowdfunding goal was smashed within days, closing at ~70 k US$.
On 31 March 2024, right after the campaign closed, WIF printed its all-time high of US$4.83.
The beanie had become culture, identity, belief in infinite upside.
Las Vegas Pipe Dream—Then Nightmare
January 2025: the Trump meme arrives, sucking liquidity like a black hole.
February: tariff tweets tank macro; memes bleed hardest.
By spring, BTC, ETH, SOL had reclaimed highs—most memes had not.
The fatal blow came in April.
On 29 January, the official WIF account teased the Sphere project; price jumped 34 % in a week.
Days later, Sphere management flatly denied any partnership. WIF dumped 10 % in an hour.
Trust fractured; calls for transparency grew.
On 1 April 2025, organiser Edward refunded the pot—nearly US$700 k of hope evaporated.
WIF slid to US$0.42, then to an annual low of US$0.30 on the news.
Ansem’s tweets tapered off; the timeline moved on.
WIF vanished from CT; even the most loyal bag-holders migrated.
Meanwhile, survivors thrived on plural pillars:
Doge: immortalised by Musk’s perennial tweets.
Pepe: evergreen meme factory.
Pengu: Pudgy Penguins IP + VanEck, Suplay collabs, cross-platform presence.
WIF, by contrast, was monotheistic—Ansem—and when the god looked away, the temple emptied.
The Cruel Law of Attention
Pump = truth.
Price up: community vibrant, KOLs shill, new money rushes in.
Price down: knives out, exits accelerate.
WIF suffers twin death sentences:
Oblivion: Crypto’s clock runs 10× real time; yesterday’s moonshot is ancient history.
Broken wealth effect: No new inflow, no pump, no siren song.
Attention is scarcer than gold; lose it and you die.
The Auction Gavel—An Epilogue in One Strike
On 5 August the pink beanie seeks a new owner.
Its fate is irony incarnate: once the banner of a multi-billion-dollar dream, now a curiosity on a sales shelf.
The hat can be auctioned, collected, displayed; WIF the meme cannot.
NFT relics—BAYC, CryptoPunks, Pudgy Penguins—still emit sparks via IP deals, toy drops, headline sales.
Meme coins, born wild without teams, budgets, or brand pipelines, fade faster.
WIF blazed across the sky, lit a corner of crypto, and vanished.
In a world run by consensus, memory is the scarcest asset.
When no one remembers your name, you are truly dead.
No Slow Fade—Only a Sheer Cliff
On 5 August 2025, a pink-knit beanie goes under the hammer.
It is neither a luxury artifact nor a museum piece; it is the trademark hat of Dogwifhat (WIF), the Shiba Inu that once ruled Crypto Twitter.
In November 2024 the hat still symbolised a forty-billion-dollar meme-coin empire. The community even raised nearly US$700 k to beam the image onto the Las Vegas Sphere.
Three months earlier, on 18 March 2024, the very same “hat dog” was minted as an NFT on Foundation and sold to legendary trader GCR for 1 210.759 ETH (~US$4.3 m).
No one imagined that, less than a year later, the hat would reappear on an auction block—this time to an almost empty room.
From Spotlight to Silence
The NFT narrative collapsed, the market froze, and the once-almighty meme was met with indifference.
When the auction was announced on 1 August, the tweet barely stirred a ripple.
WIF’s story exposes a brutal truth: in Web3, being forgotten is the only true death.
The Meteoric Rise
Late 2023: a single photo—Shiba Inu in a pink beanie—starts circulating.
Enter Ansem, the most influential KOL in crypto.
Every one of his tweets acted like adrenaline; WIF rocketed from obscurity to centre stage in eighty-one days, breaching a US$1 B market cap.
Community mania followed.
They dreamed bigger than memes: project the dog onto the Sphere—world’s largest spherical LED screen.
The 65 k US$ crowdfunding goal was smashed within days, closing at ~70 k US$.
On 31 March 2024, right after the campaign closed, WIF printed its all-time high of US$4.83.
The beanie had become culture, identity, belief in infinite upside.
Las Vegas Pipe Dream—Then Nightmare
January 2025: the Trump meme arrives, sucking liquidity like a black hole.
February: tariff tweets tank macro; memes bleed hardest.
By spring, BTC, ETH, SOL had reclaimed highs—most memes had not.
The fatal blow came in April.
On 29 January, the official WIF account teased the Sphere project; price jumped 34 % in a week.
Days later, Sphere management flatly denied any partnership. WIF dumped 10 % in an hour.
Trust fractured; calls for transparency grew.
On 1 April 2025, organiser Edward refunded the pot—nearly US$700 k of hope evaporated.
WIF slid to US$0.42, then to an annual low of US$0.30 on the news.
Ansem’s tweets tapered off; the timeline moved on.
WIF vanished from CT; even the most loyal bag-holders migrated.
Meanwhile, survivors thrived on plural pillars:
Doge: immortalised by Musk’s perennial tweets.
Pepe: evergreen meme factory.
Pengu: Pudgy Penguins IP + VanEck, Suplay collabs, cross-platform presence.
WIF, by contrast, was monotheistic—Ansem—and when the god looked away, the temple emptied.
The Cruel Law of Attention
Pump = truth.
Price up: community vibrant, KOLs shill, new money rushes in.
Price down: knives out, exits accelerate.
WIF suffers twin death sentences:
Oblivion: Crypto’s clock runs 10× real time; yesterday’s moonshot is ancient history.
Broken wealth effect: No new inflow, no pump, no siren song.
Attention is scarcer than gold; lose it and you die.
The Auction Gavel—An Epilogue in One Strike
On 5 August the pink beanie seeks a new owner.
Its fate is irony incarnate: once the banner of a multi-billion-dollar dream, now a curiosity on a sales shelf.
The hat can be auctioned, collected, displayed; WIF the meme cannot.
NFT relics—BAYC, CryptoPunks, Pudgy Penguins—still emit sparks via IP deals, toy drops, headline sales.
Meme coins, born wild without teams, budgets, or brand pipelines, fade faster.
WIF blazed across the sky, lit a corner of crypto, and vanished.
In a world run by consensus, memory is the scarcest asset.
When no one remembers your name, you are truly dead.
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