【You may think Memecoin is a short-term sentiment, but it actually reflects Crypto's loss of faith in the 'future narrative'】

Many people say Memecoin is a bubble or a joke, but have you ever thought about why there was no Memecoin bull market in the narrative-rich 2021, yet it exploded in the narrative vacuum of 2024?

📌 Core Point:

The explosion of Memecoin is not an indulgence of sentiment, but a release of structural anxiety.

🧠 Deep Reasoning:

When the market cannot reach a consensus on technological direction (zk/restake/modular) and sees no new users entering, the only way to continue to 'play with feelings' is to engage in memes and emotions.

📍 Conclusion:

Do not view Memecoin from a value investment perspective; it is not a technical vote, but a safety valve for community sentiment during a narrative vacuum.

The real question to ask is: 'Can Crypto still create a collective dream supported by technology?' It is not a Memecoin issue, but a problem of Crypto's sense of future disconnection.