1. Understanding of (MEME) Meme Coin
Many readers often ask questions about memecoin in the article, mainly focusing on whether it is pure speculation and gambling.
It is undeniable that it does contain elements of speculation and gambling, but at the same time I think it is also an on-chain reflection of a social phenomenon, so I have a more open attitude towards it.
I like meme coins very much, and I have participated in some interesting meme coins myself (such as SHIB, PEOPLE, etc.).
Meme coins are tokenized representations of special events or special things after emotional fermentation.
In our real life, we often experience various major events, which often ignite our collective emotions. The most common ways to record these events and express such emotions in real life are photos and news.
For example, the photo of Trump being attacked has forever made people remember that event.
In the crypto world, meme coins are not only a record of events and emotions, but they also go a step further by tokenizing and pricing these events and emotions, allowing everyone to become a part of these events and emotions through holding tokens, generating direct empathy.
This is something that cannot be realized in real life, and it is probably the root cause of the strong speculative nature of meme coins.
Of course, its negative effects are also obvious: it easily triggers irrationality among participants, and now it is becoming increasingly assimilated.
I prefer meme coins that have a story and arise naturally, rather than meme coins that are randomly thrown out with a meme. The latter feels more like a pretentious act.
Meme coins record events, and their prices reflect the emotions of participants. However, emotions are hard to sustain forever; even the most exciting events and the most touching moments will gradually fade and become indifferent in people's hearts over time.
Therefore, the high prices of most meme coins driven solely by emotions are hard to maintain.
I only see meme coins as a game, as a handful of wildflowers or a small scene encountered on the long journey of the crypto ecosystem. If it is something I appreciate and love, I will pause to enjoy it, remember its fleeting beauty, and cherish the short-lived joy it brings me, but I will not be obsessed with it.
