'One day in crypto is like a year in the human world.' This saying is tailor-made for the MEME altcoin track. Today, let’s talk about these MEME coins on Binance and break down this 'pass-the-parcel' game.
First, a warning for new investors: MEME coins are essentially 'emotional coins' that rely on community hype and meme culture for survival. They lack fundamentals and practical applications, purely playing a 'consensus game'. Look at these PENGU, BONK, ORDIs in the list; their names are flashy, but the underlying logic is just one—'pump it up, cut it down.'
1. Frenzied Hype: Who is pushing the waves?
Recently, MEME coins have hit a small peak again. Why? On one hand, when Bitcoin and ETH are in a consolidation phase, funds have nowhere to go, so they flow into this kind of 'foolish betting track'; on the other hand, community hype tactics are being played smoothly, for example, a certain MEME coin relied on 'animal memes + Twitter spamming', leading to a short-term surge of 40%, attracting a bunch of FOMO (fear of missing out) retail investors to rush in. Like BONK, relying on the 'meme' gimmick of the Solana ecosystem, it rose 4.12% in 24 hours, but don't take such growth seriously; it's just the community calling shots and bots inflating volume.
2. Risk Bomb: a 'time bomb' that can explode at any moment
Don't be fooled by that bit of growth! The Achilles' heel of MEME coins is too obvious:
1. Manipulator Control: The top 10 wallet addresses can hold 90% of the chips; they can pump or dump as they wish. For example, ORD, which seems to have risen 3.48%, but with a large sell order from the manipulator, retail investors can be buried in minutes;
2. High Probability of Going to Zero: A MEME coin that rises today might be dead tomorrow. Last year, 'XX Dog Coin' was hot for two weeks, but the team cashed out and ran away, leaving the coin price at zero, and retail investors lost everything;
3. Regulatory Risks: Both Hong Kong and the United States are watching crypto coins. MEME coins, being 'air', could be delisted once regulations tighten, and then you won't even have an escape route.
3. The Varied Players: Who is celebrating in this 'gamble'?
Scam Teams: Create a new MEME coin, spin a 'community governance' story, get a few KOLs to hype it up, harvest a wave and then disappear, switching skins to continue deceiving;
Copycat Retail Investors: Envious of others making money, caught up in 'get-rich-quick myths', chasing highs and lows, only to end up being cut down to their underwear;
Laid-back Observers: Seeing through this routine, becoming a bystander, occasionally watching this 'human nature game show'.
4. Qing Yao's Reminder: Don’t be a 'bag holder'!
In the crypto space, you must remember: **MEME coins are not investments; they are pure speculative gambles**. You may think you are the 'one eating meat', but in others’ eyes, you have already become the 'fat meat'. If you really feel the itch to play, use 'money you won't mind losing', try a small position, and don't risk your life savings.
Lastly, let me ask: Do you have friends around you who have been 'harvested' by MEME coins? Share these 'crazy stories' in the comments, follow Qing Yao, and let’s uncover more 'tricks' in the crypto space together in the next issue!
(Note: The risks of MEME coins are extremely high; the above content is for market analysis only and does not constitute investment advice. Cryptocurrency trading is not legally protected; please make decisions cautiously!)