This wave of hype is really rare—it's unusual for a single crypto event to stay hot for this long.

No matter how the "fake donation scandal" ends, I actually think the incident itself is quite interesting—and for the entire industry, it might not be a bad thing. At the very least, it’s made everyone start to re-examine a few things.

Someone from a major exchange talked about this at a meeting, and what they said was pretty blunt: basically, it’s really hard for platforms to predict how much noise a single KOL can make. While that sounds a bit like passing the buck, it does reveal a real issue: in a decentralized world, individual influence is getting harder and harder to control.

At the end of the day, this industry is still growing. These kinds of rifts and controversies might actually force some rules to slowly take shape.