Recently, the competition in the Meme coin track has become increasingly fierce, and funds have poured into this field. In fact, the rise of Meme coins can be traced back to April, when the market had already shown some signs. So far, the market has undergone a series of subtle changes.
In the past, VC-backed currencies were regarded as the "barometer" of the market. Although following the pace of VCs could not make a lot of money, at least you could get a share of the pie. However, the market is unpredictable, and the current VC currencies no longer have the money-making effect of the past. These currencies have continued to fall since their listing, and the project parties have also appeared to be inactive.
Now, with the recovery of the secondary market, the Meme coin market has attracted a lot of funds. Once this tide of funds recedes and those less determined speculators are washed out, the market may usher in a new wave of growth. Of course, this needs to be based on Meme coins that have high-quality community support or are rapidly gaining popularity in the short term.