DWF Labs partner Andrei Grachev expressed his views on social platform X, noting that in 2021, there were numerous attempts to tokenize intellectual property (IP) through the issuance of NFTs. Now, people are beginning to use IP to release memes. Each cycle has its unique FOMO (fear of missing out) points, but investors need to be cautious and discern whether it is truly the widely discussed 'Meme Cycle.' Grachev emphasized that although the Meme Cycle may not have arrived yet, there are still many opportunities in the market, such as Real World Assets (RWAs), AI, Layer 2 (L2) technologies, Telegram mini-apps, TON ecosystem, Solana ecosystem, perpetual decentralized exchanges (perp DEXes), and synthetic stablecoins. This indicates that even if the market might not have fully entered a specific thematic cycle, investors need to remain sharp and identify and seize these opportunities.