Recently, the returns on MEME projects in the primary market have made me reevaluate the opportunities in this sector. From an initial investment of $700 to surpassing $30,000, the entire cycle took less than 20 days. If partial profits had not been taken early, this number could have continued to rise.

This kind of growth may seem incredible, but it actually reflects the liquidity characteristics of MEME projects in the primary market. Early participants in projects often enjoy the valuation gap from the fundraising stage to the mainnet launch. What's the key? Timing.

Not all MEME projects perform this way. My observation is that successful investments often require three conditions: first, having a judgment on the project's fundamentals; second, entering at the right funding round; third, knowing when to exit.

This experience also exposes a reality—luck does play a role, but the market's mechanistic opportunities are even more worth studying. The threshold for Web3 primary market participation is lowering, but the ability to identify risks is becoming more important. The next wave of wealth opportunities may lie in the hands of those who can accurately judge market cycles.