The most interesting thing about this cycle: MEME has been completely deconstructed by meme coins dressed in 'meme'.

Originally, MEME was a deconstruction, rebellion, and satire of traditional projects, possessing a non-mainstream energy that requires cultural sedimentation and large-scale community resonance, with a 'unique' temperament.

In fact, true MEMEs are rarer than good projects.

However, what’s interesting in this cycle is that the overwhelming influx of 'meme' has directly dismantled the meaning of MEME. Ultimately, the deconstruction process has led to the deconstruction of the deconstructors themselves. The extreme PvP has driven novel occurrences, which is the most interesting and bizarre aspect of this cycle.