He Yi: The cryptocurrency industry has been raising funds through storytelling for so many years, but narrative is dead; practicality should take center stage.

PANews reported on February 15th that, in response to a post by crypto KOL @mirrorzk stating, "The ship of the new era cannot accommodate people of the old era, and information from former listing teams may not be accurate. Project teams need to be vigilant and careful in identifying information to avoid being scammed," Binance co-founder He Yi posted on the X platform, "Short-term prices are indeed greatly affected by liquidity, traffic, and token structure, but whether they can weather the cycle after the hype depends on whether there is revenue, whether there is empowerment, and factors such as issuance and burning. For example, BTC, ETH, and BNB have broken the shackles of the first three elements. The crypto world has been raising funds through storytelling for so many years; narrative is dead, practicality must prevail."