The recent surge of Meme coins (also known as 'shitcoins') in the crypto space is characterized by high speculation and risks:

1. **Driving Factors**: Community hype, celebrity effects (e.g., Trump’s $TRUMP reaching a market value of $24 billion on its first day), market sentiment, and low entry barriers have driven short-term skyrocketing, such as PEPE coin which soared hundreds of times, while new projects like WIF and BOME in the Solana ecosystem are gaining popularity.

2. **Risk Hazards**: Most Meme coins lack actual value support and rely on hype for survival, with 97% of projects collapsing due to liquidity exhaustion; regulatory risks are increasing, as Trump’s coin may face SEC scrutiny and tax compliance disputes.

3. **Technical Empowerment Attempts**: Some projects attempt to combine AI-generated content, NFTs, or DeFi functions (like $SHIB's Shibaverse), but the implementation effects are limited, still primarily focusing on 'storytelling.'

4. **Market Differentiation**: Bitcoin has strengthened its anti-inflation properties due to institutional fund inflows, while Meme coins mostly involve the rotation of existing funds, with only a few (like DEGEN, GOAT) possibly surviving through community loyalty or innovative scenarios.

In summary, the excitement over Meme coins is essentially a bubble dominated by emotions and speculation; retail investors need to be wary of high volatility and zero-risk, and rationally allocate assets.