The small-scale price of Bitcoin is still fluctuating, but as I said a few days ago, the longer the fluctuation, the stronger the upward momentum will be, because it is in the second retracement stage, and once it starts to rise, it will be the main uptrend.
At present, the second retracement low point is relatively clear. For the time being, we can understand that the needle near 9.5w is the second retracement low point. Even if the needle is inserted again, as long as it does not fall below this area, it is the low point, and the dividing line is also at this position. Therefore, we still stick to the previous judgment. The main rising wave mode will start at any time, and we should be ready to welcome the upward trend. After the main rising wave starts, the rising high point may break through the new high of 11w.
The remaining aspects of the altcoin market are now nothing but endless PvP and nihilism. After Trump and his wife issued coins, the meme coins that had been hyped on SOL for nearly a year experienced a cliff-like collapse, cutting off the nascent AI agent sparks. The recent meme market is inextricably linked to various celebrities, with the endorsement level of celebrity coins rising from artists to internet celebrities to politicians and even to nations.
Yesterday, the president of the Central African Republic also issued his own token on Twitter, similar to the TRUMP token model, and it is 'unclear' whether Twitter was 'hacked'. All the 'powerful' people in the world are doing this, liquidity is being drained, and memes have turned into bloodsucking fields in this cycle. If this phenomenon continues, crypto will eventually decline, remaining in the online PvP phase, where the pool will only shrink, and market bubbles, insider harvesting, and innovation exhaustion are accelerating its collapse.
The evolution of celebrity coins: from 'grassroots carnival' to 'national endorsement'
Starting with Bome, Solana's celebrity meme began to enter the public eye. Early celebrity coins were mostly Meme experiments initiated by grassroots internet celebrities or artists, with prices slowly rising. The community held most of the chips, allowing a large portion of retail investors to enjoy the dividends of the meme.
Later on, the status of 'celebrities' grew larger, and by the time Trump issued coins, it was already as a president, pushing celebrity coins to new heights—at one point, the market value exceeded $30 billion, but after peaking at $75, the price quickly halved, revealing the centralized control behind 'national-level endorsements'. Short-term surges and rampant insider trading showcased the ambitions of VC firms entering the meme market.
Among the 100 Solana celebrity coins with a market value exceeding one million recently, 50% saw declines of over 99%, such as FLOCKA (down 99.7%) and MOTHER (down 74%), with an average lifespan of less than one month.
The harvesting logic is constantly upgrading: insider trading and rapid price surges have become synonymous with the current primary market. When memes no longer focus on memes but start competing on backgrounds, they become tools for conspiracy groups to quickly harvest. As the market becomes increasingly restless and serious communities dwindle, how far can the meme culture of blockchain go?
The 'ceiling breakthrough' of celebrity coins is actually a dying struggle of a bubble—when presidents and nations become harvesting tools, this farce is nearing its final chapter. History does not repeat itself, but it always rhymes: from NFTs to celebrity coins, the collusion of traffic and greed will eventually backfire.
