On the #meme币狂欢 Shiba Inu token, a daily surge of 300% occurred, and Pepe the Frog was minted into a virtual asset with a market value of billions of dollars. This crypto carnival, born from social media, community belief, and speculative desire, is overturning the narrative logic of traditional finance. Meme coins deconstruct serious capital games in the most mocking way: the code can be rough, the white paper can be blank, but as long as you grasp the transmission code of 'meme culture', you can stir 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 interwoven with algorithmic leverage and liquidity mining. As the regulatory sword hangs high, this collective performance art will ultimately face the ultimate question—are we really trading value, or consuming a meticulously designed financial illusion?