There is a famous saying in the meme world: "A divine coin must go through multiple rounds of 70% washout," and even Murad has been emphasizing this. However, most people only point out the phenomenon; I will tell you the essence.
The essence lies in the combined effort of market makers and the market:
1. Multiple surges followed by rapid pullbacks with sufficient turnover will continuously increase everyone's average cost. After rising, the support will stabilize a lot; otherwise, it is very easy to see a spike followed by a large holder selling, triggering a series of cascading sell-offs "meltdown." This phenomenon is easiest to understand in PVP markets, and preventing this from happening is the primary responsibility of a qualified market maker. 2. The core of a meme is the community. Whether from the perspective of dissemination or the considerations of exchanges in "selecting the bride," it is very difficult for a meme coin that does not attract users to establish a strong community. A great meme coin should never make you worry about missing the opportunity to get on board; what you need to do is keep an eye on the meme coins you like and, when the opportunity arises, don’t hesitate to pull the trigger.