There is actually a logic:

Last year, the inscriptions on BTC (like ordi, sats) were the most profitable because Binance launched these projects, driving up the inscription market across various chains.

Looking back now, I still have some inscription projects on the BNB chain. This year, the hottest profit effect is in the meme coins on the SOL chain, and Binance has been actively listing meme coins on SOL recently, igniting market sentiment, especially for meme coins.

In fact, there were quite a few meme coins on the BNB chain that started to sprout during that time, and many high-quality meme coins came out then; people can take a look at the cycle.

However, later on, Binance continued to push meme coins on the BNB chain, originally intending to promote the development of the BNB chain, but the market did not respond as expected.

Therefore, the overall market for meme coins has started to decline. So where exactly is the problem?