Last Wednesday around three in the morning, my phone suddenly vibrated non-stop. When I opened it, it was all messages from Old Zhang - "I'm done, I'm really stupid."

This guy bought KITE for three bucks and vowed to hold it until it hit a hundred. What happened? He dumped it all at nine bucks and watched it soar, increasing more than three times. The most frustrating part is that last year he stubbornly held onto another coin for almost a year, and just when he finally broke even, he sold it in seconds. Later that coin surged by seventeen times.

Altcoins are designed to address various grievances.

Have you seen a set of data? Among wallet addresses holding altcoins for more than a year and a half, only 0.3 percent exist. What is the average holding time for most people? Twenty-seven days. More than ninety percent run when it doubles; over eighty percent cut losses when it drops by half. A friend who does quantitative analysis said it plainly: the K-line trends of these coins are designed according to human weaknesses.

KITE is somewhat different. Other AI concept coins often surge by fifty percent in a single day and then halve, but it has been quite stable - rising about five to twelve points every day for a week. The holdings of large investors have slowly climbed from seventeen percent to thirty-four, and the on-chain transfer frequency has also stabilized at around fifty transactions per hour.

This "unhurried madness" is even more perplexing. Could there really be smart money quietly accumulating?

That being said, among those AI plus blockchain projects in the market, nine and a half out of ten are nonsense. Either the technology is overly hyped and is actually just a hardcoded script, or they artificially create demand to solve problems that don't even exist, or the token economic model is fundamentally unfeasible.