回看 2025 年，越来越多参与者不得不承认：这一年的撸毛回报，并不理想。 项目并不少，参与度也不低，但真正跑出来的寥寥无几——空投持续缩水、发币即阶段高点、流动性承接不足，逐渐成为常态。
曾被视为低风险“共识红利”的撸毛，如今更像是一场高度内卷的筛选机制，当红利退场，问题也随之变得更清晰：
是继续无差别参与，还是重新审视自己的时间、风险与预期？
#PANews加密年终盘点
PANews加密年终盘点：你的 2025 撸毛成绩，及格了吗？
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