The two biggest key factors for the arrival of the bull market:

One is the inflow of a large amount of funds, and the other is the strong narrative. Both are indispensable!

This round of the market is actually quite awkward. It is not like Defi in 2020 and Gamefi in 2021, which have new narratives to take over external funds. Once there is no narrative relay, then Meme is the best narrative, because the market has no new carriers, and meme, a pure value consensus model, is forced to become a liquidity carrier;

As mentioned before, a possible path is that external funds pile up these meme coins to a certain height, resulting in a lack of heat. In the short term, the market has to accept the mainstreaming of MEME!

The exchange only looks at the heat and the market reaction, so Binance’s move is not surprising. What He Yi said is also reasonable. Under this kind of heat, high-valuation VCs are also raising money. It is not too much to find some low-valuation ones to test the water!