On a single day, the Shiba Inu token surged by 300%, and Pepe the Frog was minted into a virtual asset with a market value of billions of dollars. This crypto frenzy, born from social media, community belief, and speculative desire, is disrupting the narrative logic of traditional finance. Meme coins deconstruct the serious capital game in the most mocking way: the code can be rough, the white paper can be blank, but as long as one masters the dissemination code of 'meme culture', they can stir up a bloody storm on decentralized exchanges. Behind the seemingly nonsensical surge lies Generation Z's rebellious declaration against the traditional financial system, as well as a dangerous game woven from algorithmic leverage and liquidity mining. When the regulatory sword hangs high, this collective performance art will ultimately face the ultimate question—are we trading value, or consuming a carefully designed financial illusion?