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Behind the meme tokens wealth myth: Who is quietly making a fortune, and who is going bankrupt?
Behind the Meme Token Frenzy, Who is Quietly Making a Fortune?
Recently, a certain public chain has gone absolutely crazy.
Various animal coins are flying everywhere, and the circle of friends is filled with “Buy before sleep, wake up to financial freedom.” What you always see are others flaunting their profits, and the legend of turning thousands into hundreds of thousands is being played out every day.
But the question arises—who is actually losing the money you earn?
This market has never had a fairy tale of everyone getting rich.
Those who post pictures are either preemptively profiting from the “mouse warehouse” or only show profits and not losses. Because these wealth creation myths are needed to continuously attract new retail investors into the market. After all, without a buyer, who will lift the sedan chair?
Smart money has already left.
While retail investors are still fantasizing about “xx life”, the truly smart money has long retreated.
They won't stubbornly hold onto meme tokens. Most positions? They've already shifted to mainstream assets like Bitcoin and Ethereum, which have deep liquidity and high certainty. They might leave a bit of pocket money to continue playing, but core assets? Steady.
By the time retail investors realize that their “meme tokens” have turned into “dead dogs,” they often find it's already the end of the market trend. Meanwhile, those who became rich off meme tokens have already swapped their chips for BTC and ETH.
Who is the real winner?
Organizations, KOLs, Scientists.
The gameplay is very simple:
Don't believe in any “fair launch”.
When an ordinary person launches a coin, even if it rides the hype, without KOL support, no one pays attention. There are indeed some retail investors who follow along and make a little profit, but the project party is not worried—they are worried that you won’t continue to participate. Retail investors usually make a small profit and then lose it all on other projects.
In the end, you will find that after playing with the institutions for so long, all your money has turned into someone else's Bitcoin and Ethereum, and the meme tokens you hoarded? They are worthless.
Who set up this trap?
If the crypto world continues to develop like this, what prospects are there? After Wall Street enters the scene and sees this situation, they will probably be so angry that they will smash their keyboards.
A leading exchange acts as a market maker, holding a large amount of platform tokens, first driving up the price to create hype and making its own ecosystem the center of attention. Then it collaborates with KOLs to create a meme tokens wealth myth—“turning thousands into millions”—that spreads across the internet, attracting more people to enter the market drawn by dreams.
KOLs are singing praises in unison, creating hype and fostering the illusion that “everyone can get rich quickly.”
At the same time, those who were well-prepared sold their funds at a high point, steadily passing the baton to the last entrants.
What should retail investors do?
If you don't have:
Then it's best not to touch it.
Wealth has never been gained overnight. Those who can truly attain freedom often go through several cycles of bull and bear markets—accumulating in volatility and holding firm at low points.
Mainstream assets like Bitcoin and Ethereum are the tools that can carry wealth in the long term.
Betting on meme tokens? It's better to take a shortcut and focus on assets with real value.
Epilogue: The wind has stopped, who is swimming naked?
Meme tokens might earn you some pocket money, but the myth of “tenfold or hundredfold” wealth belongs only to a very few people. Most will end up losing everything in this game.
Even if you really make a fortune from “Someone's Life”, if your wealth does not match your position, you will eventually lose it back through your own strength.
At present, the wealth creation myth of a certain public chain has reached its peak, and those taking over may be lining up. Once this wave of meme tokens passes, the market's focus is likely to return to the mainstream.
The next market trend may not be in meme tokens, but in Bitcoin and Ethereum.
I can't advise you not to play, but I beg you not to get too into it and lose your mind.
The market is always there, but if the principal is gone, it's really gone.