In recent days, a major exchange's spot market has listed two Chinese-named tokens, attracting quite a bit of attention.

The first is a meme coin called "Binance Life." This project was indeed popular during the contract phase, reaching a peak of around $0.4. However, with market adjustments, the price dropped below $0.1, a decline of over 80%. After launching on the spot market yesterday, it rebounded somewhat, but only reached around $0.2 before losing momentum, ultimately following a typical "pump and dump" pattern.

Even more outrageous is that today, another Chinese token was launched, with an even more absurd name—called "I’m Coming, Damn It." Seeing this name was quite speechless; it must be said that meme coins now seem to have no real threshold—if there's a bit of hype, they can be listed?

Thinking carefully, this reflects a deeper issue: the crypto space itself lacks truly valuable applications. Currently, some project teams and platforms are heavily promoting the meme coin craze to generate traffic and fees. From the perspective of vested interests, making money this way is understandable. But retail investors following the trend and participating? That’s really dangerous—it's very easy to become victims of others' harvests.

From the market trend, it continues to fluctuate recently, with no clear signs of breakthrough in the short term.