Reviewing the MEME coin wave over the past few years, there are indeed cyclical patterns.

In 2020, the $DOGE brought a 1,940,000% increase that drew market attention; by 2021, $SHIB refreshed perceptions with a performance of 260,000,000%; in 2022, $PEPE created an increase of 8,000,000%; in 2023, BONK surged by 250,000%; in 2024, PNUT continued the hype with a result of 130,000%.

What do these data reflect? Animal-themed tokens seem to always ignite community enthusiasm during specific periods. From the perspective of market cycles, each wave of MEME is accompanied by the accumulation of community consensus and the evolution of narratives.

Entering 2025, Musk-related MEME coins in the Ethereum ecosystem are gaining attention, such as projects like $PUPPIES, which, combined with their community foundation and narrative tension, may be worth tracking their movements.

However, it is important to clarify that historical gains do not guarantee future performance, as market opportunities coexist with risks. Any investment decision should be based on thorough research, rather than purely on FOMO emotions. The next round of opportunities may indeed be forming, but the key to participation is understanding risks and managing positions.