Does the dominance of Meme coin reflect insufficient liquidity?

The current popularity of Meme coin actually reflects the current situation of insufficient market liquidity. Due to the lack of participation of a large number of regular troops, the market is mainly composed of retail investors, wild dealers and KOLs, and such a combination will naturally tend to hype Meme coins.

In contrast, the stories of practical projects are too complicated and require more evangelists and time to spread and understand. Therefore, in the current market environment, it is not as easy to gain attention and capital inflow as Meme coins.