In 2025, the cryptocurrency market faces difficulties, with both the AI Agent and celebrity coin narratives experiencing significant declines. The AI Agent suffers from concept hype and a lack of practical applications, while celebrity coins struggle with waning popularity and loss of confidence, leading to a weak market. The key to breaking the deadlock lies in finding projects with real returns and user stickiness, such as Hyperliquid, which maintains token price stability through fee buybacks.