During the National Day holiday, the meme coins in the crypto market experienced wild surges and crashes, with many investors going from quick riches to heavy losses in a short period. The article compares the different regulatory mechanisms in the US and Chinese markets, pointing out that emotions and narratives dominate price movements in the crypto market, forming a new type of "emotional capital." It emphasizes the need to strengthen community governance and transparent regulation to prevent the market from becoming a tool for profit-taking at investors' expense, and calls on investors to stay calm and make independent judgments.

Recently, a magical phenomenon has appeared on the BSC chain—crypto traders have started "cultivating immortality."
Not a metaphor; some people are turning Meme coins into cultivation novels. From foundational building to ascension, a complete realm system, even the token names exude an immortal aura.
Why has BSC become the main battleground for Meme coins?
It's quite simple. This chain has three natural advantages:
Extremely low gas fees. You can issue a coin for just a few cents, making the trial-and-error cost almost zero. Want to refine pills? Just cast a furnace first—it's not expensive anyway.
Active community atmosphere. BSC users love memes and interaction. Posting a cultivation emoji might be the start of the next hot project. This sense of participation is much more stimulating than simply buying coins.
Obvious KOL influence. Influencers on this chain have strong appeal. When someone shouts "start the furnace and refine pills," a crowd immediately follows. It's very much like sects recruiting disciples in cultivation novels.
These factors combined make

Binance Life has launched futures trading, boosting market sentiment, especially among meme coin investors focused on BNB Chain. Analyzing sentiment, trends, and cultural background can improve success rates. Although volatility and expectations are unpredictable, long-term holding remains a rational choice.

The article discusses the market logic behind the meme coin craze, pointing out that the wisdom of traffic should not be overestimated. Despite the surge in market token supply, the pursuit of quick wealth always exists, leading to continuous emergence of new opportunities. Hot money is like a blindfolded donkey, chasing after elusive scarcity, driving ongoing market innovation and development.

The market landscape of Meme coins is changing. Ethereum's high Gas fees and Solana's speculative risks have led BSC to attract a large number of users with its low costs and high liquidity. BSC reduces risks through technological updates and cultural resonance, promoting Meme coins toward a longer-term ecosystem. With favorable conditions, it is possible to incubate Meme coins worth hundreds of billions in the future.

Once considered a joke, Meme coins have now reached new heights. These tokens that started out as community jokes have a total market cap of over $63.6 billion in 2025, with a 24-hour trading volume of $7.6 billion — this is no small-scale game anymore.
What crazy things happened this year?
Last year, the Meme coin sector saw a capital surge of over 500%, with money rapidly flowing from mainstream cryptocurrencies into these meme-inspired tokens. Earlier this year, the US SEC directly classified many Meme coins as collectibles rather than securities. What does this mean? Less regulatory protection, but greater freedom for players.
The most explosive story is about the $TRUMP coin. Launched on January 17, its market cap soared to $27 billion in less than 24 hours — an incredible speed. What happened next? Over 700 Trump-themed clones appeared within weeks, 192 of which directly used family members' names, and 67 even dared to claim they were "official."

In recent years, the Meme coin ecosystem on BSC has rapidly risen, attracting a large number of users to participate. Its success can be attributed to low fees and high trading frequency, coupled with support from Binance and the promotion of community culture. Although Ethereum and Solana are still developing, BSC, with its vast user base and innovative mechanisms, demonstrates a potential environment for nurturing projects with a market capitalization of billions. Whether it can convert short-term popularity into long-term demand will still depend on the progress of ecological construction.

A status code that has been sealed for 28 years
In 1997, a "402 Payment Required" was embedded in the HTTP protocol.
At that time, everyone thought this feature was quite advanced, but it couldn't be implemented at all—online payments were still immature, let alone automatic payments. As a result, this status code has just been sitting there for 28 years without anyone touching it.
Until recently.
Coinbase has indeed turned it into a protocol: x402.
The core logic is straightforward: when AI accesses a paid API or content, the server returns a 402 status code, along with the payment address and amount. After reading this, the AI automatically completes the on-chain payment using USDC, with no need to register an account or redirect pages.
Doesn't it sound a bit like "AI version of QR code payment"?
But the things involved behind it are far more complex than "automatic payment."
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Cooperate

Recently, in the craze for meme tokens, many retail investors fantasize about getting rich quickly by chasing after these tokens, but the real winners are institutions and KOLs. The funds invested by retail investors often become profits for smart money, while the potential risks are huge. Retail investors should be cautious and choose stable mainstream assets like Bitcoin and Ethereum to avoid blindly following the trend.

In May 2021, a Token with a GT expression suddenly surged into the top ten of Crypto Assets market capitalization.
Many people are confused: why is this thing worth hundreds of billions?
The answer is actually hidden in those meme images you forward every day.
How has a joke survived to this day?
In 2013, two programmers, with nothing to do, wanted to satirize the crazy speculative atmosphere of the crypto circle at that time. They found a popular Shiba Inu meme online and created Dogecoin, setting its supply to be unlimited—this was practically mocking those "scarcity narratives" at the time.
What about the results?
People on Reddit began using it to tip interesting posts. Some initiated charitable activities, crowdfunded sponsorship for NASCAR drivers, and even helped the Jamaican bobsled team raise money to participate in the Winter Olympics. There was no white paper, no so-called "technological innovation"; this coin relied purely on community enthusiasm, peaking at $0.74 in 2021.

Meme Coin Market Analysis: From Marginal Joke to Speculative Mainstream
Meme coin, as a cryptocurrency that originated from community jokes rather than fundamentals, has evolved from a fringe novelty to an important speculative asset. They are influencing liquidity trends, social media sentiment, and even political brand shaping.
The following data-driven insights outline the current landscape of the Meme coin sector.
Recent Updates
In 2024, the total capital in the Meme coin sector grew by over 500%, prompting speculative funds to rapidly shift from large-cap coins to Meme altcoins at the beginning of 2025. In 2025, the US SEC officially classified many Meme coins as collectibles rather than securities, reducing regulatory protection for investors.
Since its launch on January 17, 2025, $TRUMP's market capitalization soared to $27 billion in less than a day, attracting further attention to presidential-themed tokens. Within weeks, over 700 Trump-related coins emerged.

The x402 protocol and the Meme coin PING are gaining attention as emerging trends in the Blockchain space, due to their similar mechanisms to Bitcoin inscriptions that have sparked discussions. The payment logic of PING and its effective transaction identification method are similar to inscriptions, but they also face controversies. In the future, they may evolve along similar trajectories, potentially leading to the emergence of new types of "inscriptions," which is worth investors' attention.

Recently, Chinese Meme coins have rapidly risen in the Crypto Assets market, attracting a large number of investors and reflecting the collision of Eastern and Western cultures. Western investors are still somewhat confused by this, while the Chinese community focuses on emotional resonance. The competition and cooperation among trading platforms also add to the market dynamics, and there may be more cultural integration innovations in the future. Understanding the importance of language and culture in investment has become an important condition for participation.

DOGE ETF: The Financialization Path of Meme Assets
In September 2025, a somewhat mocking code flashed on the electronic screen of the New York Stock Exchange: DOJE. This cryptocurrency, marked by the Shiba Inu logo, was just a joke among programmers eight years ago, but now it has made its way to Wall Street as an ETF, managing hundreds of millions of dollars in assets. The seemingly contradictory concept of "DOGE ETF" has become a reality, unveiling the interplay between internet memes and the taming of traditional finance. This taming reflects both the compromise of grassroots culture with capital power and the financial system's incorporation and transformation of emerging assets.
1. Regulatory arbitrage: The compliance packaging technique of meme coins
The listing of DOJE is not a coincidence, but a carefully designed regulatory arbitrage experiment. Unlike the years-long approval tug-of-war for Bitcoin ETFs, this DOGE ETF adopts the structure of the Investment Company Act of 1940, by establishing a subsidiary in the Cayman Islands.

Bonk has undergone three reversals, evolving from a simple Token into a representative that emphasizes community power. Amid market turbulence, Bonk has opened a new chapter in meme culture and attracted traders and creators through incentive programs. Future success still depends on the enthusiasm and creativity of the community.

Bonk has experienced two major reversals, representing Solana developers challenging capital and reigniting the community meme culture. Although market enthusiasm has gradually declined, recent creator incentive activities and community support may signal that Bonk is set to welcome a third reversal. In the future, the flow of funds focusing on the Solana ecosystem will also provide momentum for its development.

The new stablecoin project WLFI has attracted attention, as it is backed by U.S. Treasury bonds and is related to the Trump family. WLFI is linked to real cash flows through a unique mechanism, but its low circulating supply exposes it to high risks. Investors need to be cautious of short-term fluctuations and pay attention to potential risks and market dynamics.

Traffic has significant power in the Crypto Assets market, but it should not be overly relied upon, as the market is always full of opportunities. Although sometimes people lose confidence in the market, what is truly scarce is the opportunity for profit and wealth. Participants continuously chase this opportunity, and although most may ultimately incur losses, the market will still create new opportunities, reflecting the inherent nature of coexistence between opportunity and risk. Understanding how the market operates is key, rather than blindly following or giving up.