Recently, the 'meme coins' craze in the crypto world has resurfaced. These types of projects are characterized by anonymous teams, grassroots culture, and high volatility, relying on meme genes to attract speculation. For example, PEPE coin surged 270,000 times in half a month, leading to a large number of imitators emerging, such as Hasaki (HAHA) and WOJAK, all of which use popular cultural symbols as selling points, but most lack actual value support. In the current market environment, Bitcoin is experiencing fluctuations and corrections, with funds shifting towards small-cap 'meme coins' seeking profit opportunities. New projects are favored due to the absence of historical holding positions, such as WIF and BOME from the Solana ecosystem. However, the issuance cost of meme coins is extremely low (about a hundred yuan), with some even being generated in bulk through AI tools, resulting in a sharp drop in the 'scam' threshold. Most projects fade in popularity and return to zero after the initial hype, leaving investors with nothing. Although a few cases have created wealth in the short term, the high speculation and lack of regulation mean that risks far outweigh opportunities, and retail investors need to be wary of emotion-driven bubble traps.