The "weather vane" effect of early on-chain players is undergoing subtle changes. In the past, this group was the trailblazer in discovering new tokens like Dogecoin, and their actions often indicated market direction. However, in the past two years, this phenomenon has reversed—many on-chain frontrunners have shifted from being leaders to tools for precisely harvesting retail investors. They no longer rely on genuine logic to guide their actions but instead exploit information asymmetry and discourse power to carry out rounds of profit-taking. This reflects that, as participation increases, the early advantage is becoming distorted.