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Regarding those MEME-type coins, many people only see the surface of concentrated chips but ignore a harsh reality — perhaps they themselves are the ones who end up holding the bag.
Take a certain Chinese coin that recently launched spot trading as an example. After such a long hype, it finally listed on an exchange, and everyone thought it would usher in a bullish trend. But what happened? The surge in spot trading just passed, and in just one day, the true nature was revealed. The coin's price fell back to the starting point, and no story could be told anymore.
The common problem with these coins is the lack of genuine fundamental support. When they rise, they rely on concepts, memes, and popularity; when they fall, there's not even a lifeline to cling to. The current market is already at a high level, and a slight misstep can easily trap investors at the top. There's a saying: "Don't expect faith-based recharges or love-powered electricity to save the market." Ultimately, the market will speak with price.
For participants, the smartest move is to make a profit and then exit. Otherwise, once the hype passes, only endless decline awaits. What new tricks can these projects pull out? Almost none. Staying cautious is the best way to survive the MEME coin craze.