The A-share market frenzy crashed servers, and cryptocurrencies are waiting for Twitter to come to the rescue

Source: TechFlow (Shenchao)

The Shanghai Composite Index has surpassed 4100 points.

This is a 10-year high. Since the end of December 2025, the market has seen 16 consecutive days of gains, a phenomenon last seen in 2006. Retail investors are flocking in, overwhelming brokerage servers with pop-up ads.

This is a screenshot of the Guotai Haitong "Fuyi" trading software, circulating in some cryptocurrency chat groups.

Regardless of the image's authenticity, the FOMO (Fear of Missing Out) sentiment surrounding A-shares during this period is undeniable.

If it's real, it's not unusual in the A-share market.

When the market is good, the software crashes. The 2025 trading volume is projected to reach 400 trillion yuan, and the total market capitalization will exceed 100 trillion yuan, both historical highs. Too much money, servers can't handle it.

But despite the complaints, money continues to pour in.

What's being discussed on crypto Twitter at the same time?

On January 11th, Nikita Bier, the product lead for X (and a Solana advisor), posted about a feature called Smart Cashtags. Simply put, users can tag specific tokens or smart contracts when posting, allowing others to see their real-time price with a single click, potentially enabling direct trading in the future.

The feature is planned for release in February.

Key opinion leaders (KOLs) are excited. Some analysts say this could make X a gateway to stock and crypto trading, others suggest a collaboration with Solana's meme, and still others see it as a crucial step towards mass adoption.

Bier himself stated that X is the best source of financial information, with "hundreds of billions of dollars" already deployed based on information on X.

Hundreds of billions of dollars.

But he didn't mention how much of that has been lost, or how many people have lost money.

A question arises: Is what crypto lacks a "gateway to view prices"?

CoinGecko, CoinMarketCap, DEXScreener, various Telegram bots, exchange apps, market data aggregators… open any one of them, and you'll find price, candlestick charts, market capitalization, and holdings distribution—everything you need.

How competitive is this market?

Even wallets are adding market data features, afraid you'll accidentally tap on other apps while checking prices.

Now, is it really possible for X to save adoption by adding a "tap to see price" feature?

Every bear market, someone says we need a better entry point.

In 2024, they said we needed ETFs. ETFs came, Bitcoin hit new highs, altcoins remained stagnant, and existing funds were flat.

In 2025, they said we needed more institutional participation. Institutions came, Strategy bought hundreds of thousands of Bitcoins, but altcoins remained stagnant.

Now they say we need a social media traffic entry point.

The question is, during the 2017 bull market, did Smart Cashtags exist? During the 2021 bull market, did X have its trading functionality? No, there are none. People are still coming.

Retail investors aren't entering the market, not because there aren't enough entry points. It's because they lost too much in the last round, or there's no profit-making effect this round.

Why can the A-share market crash its servers?

16 consecutive days of gains, 4100 points—the profit-making effect is clearly visible. Retail investors are voting with their feet; they don't need anyone to "save adoption."

Why should crypto wait for X to save it? Because it can't attract people on its own.

This is a reversed cause-and-effect relationship. It's not "a better entry point will bring people," but rather "with a profit-making effect, people will fight tooth and nail to come; a slightly inferior entry point doesn't matter."

Where the money is, there the people are.

It's not where the platform is, there the people are.

When Musk bought Twitter in 2022, he said he wanted to create an Everything App.

More than two years have passed, and features have been promised one by one, from payments to transactions to financial services, but few seem to have materialized.

Smart Cashtags says it will launch in February. How many new users it will bring in, and how much trading volume it will generate—we'll have to wait and see.

But before that, I suggest checking the stability of X's own servers. After all, when A-share trading software crashes, it's because too many people are trying to access it.

When crypto exchanges crash, it's usually because people are trying to leave too quickly.