This week, the crypto world is really heating up, with a bunch of major projects launching TGE one after another, maximizing the wealth effect. Upheaval's pre-sale has already oversubscribed by 870%, and Bonding Curve has been pumped from $0.01 to $0.036, showing top-tier enthusiasm. But hold on, I think Upheaval's logic is to build the Hyperliquid ecosystem with Pumpfun+Moonshot; whether it can truly drive the memecoin ecosystem depends on whether trading volume can keep up.

Egorov, the founder of Curve, also launched Yield Basis, which jumped from a $50 million valuation directly to several hundred million, showing strong backing. I actually quite like the cooperation model between Kraken and Legion, which filters genuine users through on-chain behavior and social activity, reducing the participation of wash traders.

Honestly, Tea is somewhat risky because it was resisted by the community for lacking an airdrop promise and was suspected of being a scam. Limitless, with a trading volume of $270 million, has a black history of "wash trading," so it needs to be watched. Goated, the largest GambleFi launch in 2025, is quite stable; with cash flow in place, its initial market cap could indeed reach several tens of millions.

There are indeed many new opportunities this week, but it's also important to look carefully at the project's true fundamentals—not all hype can translate into long-term value.