Projects like $ASTER are worth deep reflection. After a major exchange launches, it quickly attracts a large number of KOLs to promote it, creating a false sense of prosperity, only for investors to get trapped. The underlying issue is not just one or two projects, but the entire market's information asymmetry and distorted incentives—KOLs choose to ignore the fundamentals of projects for fan monetization and promotion fees. Ordinary retail investors often end up as the last bagholders. The seemingly prosperous narrative is actually a cycle. As long as this on-chain logic remains unchanged, similar stories will keep repeating.