The essence behind any complex thing is often determined by supply and demand, including today's memecoin. This is not a flash in the pan, but is determined by the essential demand; the occurrence of any wave is the product of the background of the times.
The younger generation lacks the opportunity to move upward through traditional channels (stocks, real estate, etc.), and the high-risk and high-return characteristics of Memecoin meet their needs for wealth leaps and become a manifestation of counter-mainstream culture and anti-establishment movement.