#稳定币与数字货币发展 This data is quite interesting—over just one year, net worth skyrocketed from 50 million to 300 million, a 600% increase. The key is not just the size of the numbers themselves, but the underlying capital flow logic worth analyzing.

The two main drivers are the World Liberty Financial and WLFI stablecoins, which indicates what? Capital reallocation driven by changes in policy expectations. The stablecoin business has become a growth engine, indirectly reflecting the current market's reassessment of on-chain asset settlement needs. The unlocked token portions are also critical—these are potential risk release points, and the unlocking pace will directly impact liquidity supply.

Additionally, pay attention to the details of the SPAC stock surge—200 million shares generated a 20 million unrealized profit within a week. This reflects a rapid shift in capital expectations, rather than fundamental-driven growth. It reminds us to distinguish between investment logic and emotional cycles.

From an on-chain perspective, what’s truly worth tracking are the subsequent inflows and outflows of these funds. Large position changes often precede market reactions, especially during periods with clear policy expectations. The window for stablecoin scale expansion and mainstream capital entry is narrowing, so continuous monitoring of specific capital inflow and outflow paths is necessary.