One day in the cryptocurrency world is like one year in the real world. Recently, Argentine President Javier Milei actually has his own meme coin, $MILEI. That’s right, it’s the hard-core liberal president who is anti-establishment and crazy about the central bank. As soon as the news came out, the market went crazy, and the meme coin circle instantly reached a climax. A group of "believers" rushed in, vowing to put $MILEI on the altar.
But the question is, is this a true decentralization sentiment, or is it just another sickle aimed at harvesting the souls of the leeks? Today, let’s take a look at the truth behind this meme coin carnival from the perspective of a senior leeks.
The essence of Meme coins: The confrontation between the scythe and belief.
Meme coins were originally products of the crypto circle's losers; they belong to the category of 'who cares if it has value, let's just hype it up first'. From Doge, Shiba Inu, to the later PEPE and WIF, Meme coins rely on consensus and play the game of bag holders.
The emergence of the Argentine president's Meme coin initially seemed like the ultimate form of political Meme, after all, Milei himself is a Meme; his campaign slogan, policy style, and even his hairstyle carry a strong attribute of internet satire. But the problem is, the $MILEI coin is not officially issued by the president, but a traffic-seeking product launched immediately by seasoned players in the crypto circle who spotted the opportunity.
So, first clarify one thing: $MILEI does not represent the Argentine government; it is merely a toy for speculative capital.
So, since this is a game of the scythe, why do the chives still rush in?
The fate of the chives: Cursing while rushing in.
For the chives, Meme coins are their 'wealth dream factory'. Everyone knows that 99% of this market is a trap, but who can resist the temptation of overnight wealth? Moreover, the trick of Meme coins has always been 'story greater than logic, hype greater than value', and the story of the president of Argentina is compelling enough.
Thus, the scene turns into:
One side curses, 'Isn't this just a worthless coin?'
While crazily rushing in, 'What if it becomes the next PEPE?'
The reason Meme coins can repeatedly harvest profits lies in the contradictory psychology of the chives — wanting to mock while also wanting to make money, knowing it’s a trap yet unable to resist jumping in. It's like knowing the bar's hostesses are scams, but when one winks at you, you still can't help but approach to flirt.
The future of the Argentine president's Meme coin: Is it a knife or a road?
The current question is, will $MILEI really become a Meme coin with lasting value? This depends on two factors:
1. The patience of capital: If the market is willing to keep telling stories and maintain enthusiasm, $MILEI could indeed become a long-term political Meme coin, similar to Musk's support for Doge. However, at present, Milei himself has not expressed support, so funds are unlikely to hold on tightly.
2. The enthusiasm of the community: Meme coins ultimately rely on community consensus to sustain them. If extreme libertarian supporters in Argentina can continuously rally for $MILEI, this coin might carve out a new path as a political Meme. But the problem is, with Argentina's economy in such a dire state, everyone is busy making money; who has time to shout slogans every day?
Therefore, it’s highly likely that this coin will experience a surge followed by a crash in the short term, and after the market cools down, it will completely return to zero, entering the 'graveyard of worthless coins' — just like the TRUMP coin and Kanye coin of the past, becoming a brief joke.
The future of Meme coins: Who to trust?
$MILEI's story tells us that the future of Meme coins may increasingly be deeply tied to real politics, the entertainment industry, and internet hotspots. Today it's the president of Argentina; tomorrow it might be Ultraman coin, Biden coin, or even 'Putin War God coin'. The Meme coin market has turned into a super-sized social sentiment casino, where every hot topic is quickly packaged by capital into a speculative product.
So, as chives, who should we entrust our faith to for protection?
The answer is: Don't believe!
Don't believe in any so-called 'political Meme', because political figures won't genuinely take the stage.
Don't believe in any 'community consensus', because consensus can be shattered.
Don't believe in any 'project parties', because Meme coins have no project parties, only scythe-wielding players.
If you really want to play Meme coins, then engage in short-term battles, take profits when you can, treat it as a casino game, not an investment belief.
Remember, the core rule of the Meme coin market is — 'Enter early and exit early; those who enter late will cry.'
Don't wait for any savior; the fate of the chives has always been in their own hands.