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Recently, the Meme coin scene on the BSC chain has been extremely lively—an asset called "Laozi" suddenly surged, with a market cap breaking $10 million to hit a new high, only to shrink back to $8.86 million. This move truly opened people's eyes.
Online, there are cheerful voices: "Are Meme coins starting to talk about traditional culture?" After the WhiteWhale on Solana just finished its hype, BSC immediately saw the emergence of "Laozi," with a very similar routine—the name needs to be memorable, and it has to ride the wave of on-chain traffic. In simple terms, the logic of Meme coins is this: grab retail investors' attention, have a catchy name, and funds will follow, pushing the market cap higher and higher.
But here's the problem. Anyone who has played with these kinds of coins knows that essentially, it's an "emotional game." It looks impressive to hit a new high today, but in reality, it's just funds pouring in one after another. Without real application scenarios or ecological support, today's high could be cut in half tomorrow—this has happened countless times in the crypto world. Some even joke: "Next time, should we release 'Confucius' coin or 'Zhuangzi' coin?" Everything is laced with sarcasm.
Honestly, the hype around "Laozi" is just a variant of air coins—market cap built solely on short-term funds, which can't withstand the slightest wind. For ordinary players, pouring real money into gambling on emotions is essentially betting on probabilities. The story of Meme coins is never short, but only a very few manage to walk away with profits. It's fine to watch the fun, but don't let FOMO blind you.