📌Why does MEME explode❓
🔻 Let’s talk about the conclusion first: there are enough speculators, holders don’t sell, and big funds are used for speculation.
☑️Meme coins rely heavily on the community and promotion. Once it becomes a hot topic, it will usually attract more people to pay attention to purchase, thereby driving up its price. When most holders believe that there is room for the price to rise and not yet Selling and taking profits will form the basis for the next rise of meme coins.
☑️As for the big money speculation, not only major public chains have begun to launch meme funds, but also many venture capital institutions have entered the market to deploy meme coins, or whales have joined forces to pull the market, in order to attract more retail investors to chase the rise.
☑️Another point is that the extremely full circulation status of memes as soon as they go online is very different from the regular projects on the market. For many retail investors, they would rather invest in coins with "full market circulation" and "no potential selling pressure". The reluctance to take over large projects invested by institutions is also a big reason why when there is a lot of hot money in the market, there are many giant whales willing to follow suit and speculate on meme coins.
🔻In addition, veteran players in the currency circle will say: "All meme coins must be reset to zero." So if you want to buy meme coins, it is recommended to use a small amount of money to participate in the lottery.
