Recently, new Meme projects on the chain have been emerging one after another, like "I'm coming," "Dark Horse," "Laozi," and others. Lucky people have gone from 85U to over 100,000+, but the reality is that 99% of the bagholders end up losing everything.

I am a cautionary example myself. As someone who prefers long-term holding, I previously invested in a few small coins, with gains of 6 to 7 times at their peak, such as those grassroots-level projects. But I never sold in time, and what happened? Almost all of them went to zero.

Market sentiment in earlier years was all about holding strategies. Bitcoin, certain L1 public chains, and mainstream coins indeed made a lot of money through long-term holding. Later, Meme coins like Shib, Doge, and Pepe also proved this logic. But now, the situation on the chain has completely changed — what we see is that selling early always profits, while holders can only watch their numbers shrink.

What does this reflect? First, the market is flooded with PVP games, leaving retail investors with almost no survival space. Second, there are no truly worthwhile coins to hold anymore. Recently, industry insiders mentioned that they are not very optimistic about those projects riding the hot trend, but are more interested in coins that are genuinely building and have a historical background. Unfortunately, almost all Meme coins now are trapped in the fate of hype calls and strong main players — both are indispensable.

The era of retail investors is long gone. The current environment is very clear — it's chaotic. Whether it's worth entering this game, everyone should decide for themselves.