The biggest problem in the current market is that there are too many coins and too little liquidity. Most project teams hold a large number of coins, which appear to show profits on paper, but they can't be sold at all. If they really try to sell, they might not even be able to liquidate 10% of their market value before it crashes.

This is the fundamental reason why everyone is racking their brains to get onto Binance and other exchanges -- to compete for a bit more liquidity in the market.

When you provide liquidity to a meme coin, you are essentially providing them with liquidity. Although it seems like the transaction fees from the people who are trading daily are a decent ongoing income, the control is in someone else's hands. One day, if they think the daily transaction fees are not enough or if there is a trend of decreasing returns, with one swift move, all those meme coins in your liquidity pool will make it nearly impossible for you to ever break even in your life.

Understand your original intention of chasing Alpha. Is it to enjoy the risk-free dividends from Binance? Once you start to expand your risk exposure just to gain a few more points, be careful that one day your principal might be consumed by others.