Last year, the profitability of the inscription sector was mainly reflected on the BTC chain, as Binance launched ORDI and SATS, which directly drove the wave of inscriptions, and projects on various chains also took off. Even now, I still keep some inscription images on the BNB chain.
This year, the performance of Meme coins on the SOL chain has been particularly prominent. Binance has frequently launched Meme coins on the SOL chain, completely igniting market sentiment, especially in the Meme sector, triggering a wave of frenzy. At the same time, many Meme coins on the BNB chain also began to emerge, and many quality projects surfaced during that time. This wave of enthusiasm is actually cyclical.
Later, Binance shifted its support to Meme coins on the BNB chain, attempting to promote the development of the BNB chain, but the market's reaction was rather disappointing. The overall Meme market began to decline.
Where did the problem lie? This may be related to the decline in market enthusiasm, a slowdown in capital rotation, and the gradual loss of novelty in the Meme narrative. The vitality of the Meme sector relies on strong emotional drives and capital support; once the sentiment cools down or the market focus shifts, the market naturally weakens.
#meme
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