Why do many old investors pay attention to meme coins, but the big guys are very supportive and even hype them!
Last month, Solana 30 MEME tokens
all fell from their historical highs, with an average drop of 94%.
Even the best-performing tokens fell by more than 70%, but the extent of the loss was shocking. Half of them fell by more than 99%, and this was only about a month in their life cycle.
This is the risk in meme coins, and the reason starts with the first meme coin doge.
At that time, the big dog was touted by many people as soon as it came out, and it rushed to the altar.
Seeing enough success, imitators appeared one after another, and the initial performance was also good.
However, the subsequent wave fell to the bottom, and many people's average price was very high. Under the temptation of hundreds and thousands of times, many people opened high leverage.
As a result, it is conceivable that the funds will be blown up or shrunk.
This is why old investors are afraid of memes. ,
People are more willing to believe in coins with reality and narratives.
But in terms of high doubling, meme can really give people a surprise.
From the last bull market, meme sector accounts for a large proportion of the list of 100x coins.
In this bull market, institutions are manipulating the market, and Bitcoin is controlled tightly, not to mention the general public chain tokens.
In this case, the big retail investors are afraid of being cut by institutions, and they all choose to invest heavily in meme coins with less narrative.
However, not all coins are suitable. Those that are purely hard to shout and those that are star coins are useless. Now good memes are also convenient and macro-oriented, that is, they are either related to the sector, or the currency circle and shipping conditions or major news.
Observation: floki, bonk, pepe, wif.
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