#代币空投 Noticing He Yi's statement, there are several points worth scrutinizing. Alpha points as a distribution mechanism within the platform ecosystem are essentially a resource tilt tool—focusing on active users and contributors. The analogy of the "egg theory" may seem trivial, but it reflects a phenomenon: each cycle has corresponding traffic valleys and arbitrage opportunities.

From an on-chain perspective, similar incentive mechanisms will drive specific capital flows—whether it's spot accumulation or contract positioning, both are worth tracking. The focus is not on the token value of Alpha itself, but on what scale of funds will be attracted after such policies are introduced, and which related addresses they flow to. Movements of whale wallets, the timing of large contract openings—these are more direct signals.

The logic of airdrops and incentives ultimately boils down to a stock competition—who detects the mechanism design first can deploy earlier. Historically, ecosystem incentives endorsed by the official are unlikely to be the final outcome, but as a stage-specific capital absorption tool, their data performance usually leads market sentiment by 2-4 weeks. Continue to observe subsequent on-chain transfers and inflows/outflows on exchanges.