#迷因币情绪 - Panic and Selling Sentiment: Meme coins lack practical application scenarios for support, resulting in significant price volatility. When market conditions change or negative news arises, it is easy to trigger panic sentiment. For example, in 2025, the trading volume of PEPE coin decreased, the proportion of holdings by whale addresses reduced, market capitalization shrank by 62% from its peak, social media popularity declined, and market panic spread, leading investors to sell off.

- Community Recognition and Spreading Sentiment: The popularity of meme coins is inseparable from community-driven efforts. Community members are not just investors but also "content creators." They are keen on creating memes and attracting people on social platforms, enhancing community cohesion and the dissemination of meme coins by sharing trading experiences, establishing MEME content, and participating in discussions. For instance, AKITA community members produced a large number of related MEME images and videos that were widely shared online.