Meme Coin Frenzy: Speculative Bubble or New Trend?
In 2024, Meme coins surged again, with short-term price increases of DOGE, SHIB, PEPE, and others being astonishing. Meme coins on the Solana blockchain (such as BONK, WIF) attracted substantial funds due to low gas fees and community hype. Although some projects lack practical use, social media spread and celebrity effects (such as Musk's endorsements) drove prices sky-high. High returns come with high risks; many Meme coins ultimately go to zero, with only a few surviving. Investors should participate cautiously, avoid FOMO, and rationally assess the sustainability and liquidity of projects. In the long run, Meme coins with ecological support may survive, but purely speculative projects will eventually be eliminated by the market.
