The meme coin market has begun "digging graves for self-rescue",
new coins are weak, and on-site funds are tight.
Even the ancient coin $YEE, which debuted at the same time as $PEPE, has been resurrected and traded up to 7 million,
while also collaborating with $SHIB and $NEIRO for a joint Space event, showing serious capital fragmentation on-chain: BSC plays BSC, SOL plays SOL, ETH only touches ETH, each for themselves, the strong siphon off the weak, and the weak sink.
The PVP sentiment of SOL has spread to ETH, big dogs are hard to come by, and local dogs are being rotated; what is hot today will cool down tomorrow. But the more like this the market is, the more it needs a truly explosive big IP that can draw attention from outside the market; as long as there is a "big enough" golden dog, it can drive the whole market to resonate.
