An interesting phenomenon: superformxyz's IDO on the Cookie platform has been open for several days, and the spots still haven't filled up. In contrast, the vooi project sold out within minutes, with the final amount raised exceeding the target by dozens of times and taking off immediately.

What does this gap indicate? The perp sector is really hot right now. But it's also understandable—people are getting smarter. They're waiting to see if vooi delivers profits before deciding whether to follow the next projects. After all, investors who have been "educated" have learned to be more cautious.

Market sentiment is this real. Whether a sector is hot or not, the most direct way to tell is by people voting with their feet.