$MEME itself is a coin that originated from internet pop culture and humorous content, similar to Dogecoin which became popular due to the Shiba Inu meme. Initially, it was mostly a joke, but later gained traction through community promotion on social media, leveraging celebrity effects and the speculative psychology of the public, leading to drastic price fluctuations. However, it has little practical application and carries high risks. This type of coin can be traded on contract for short-term gains, but it's best for friends to avoid touching spot trading altogether.
In the short term, contracts can still be used for long positions, but one should not keep trading this type of coin.
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