An amazing rule in the currency circle, meme coins are the terminators of the bull market! Every time a meme becomes popular, the market will collapse, and it will take a long time for the entire market to recover.
The prevalence of memes will lead to no capital inflow into mainstream projects, and the funds in the market will be harvested crazily by various group friends' entrepreneurial projects, resulting in a market avalanche.
Zoo coins brought by 2021 shib
That year, Dogecoin, Shitcoin and BabyDog performed too well, resulting in countless meme coins named after animals, so everyone named this type of coin zoo coins.
People who did not get on the doge and shib crazily got on various zoo coins, all fantasizing that they could get hundreds or thousands of times the profit. As a result, after the zoo coin became popular, 519 was immediately ushered in, followed by a bear market that lasted for several years. Not to mention meme coins, many valuable coins were almost zero.
2023 aidoge
This year, the most popular ones in Tugou are Pepe and Aidoge. All those who received the ARB airdrop received the Aidoge airdrop for free, with the highest price of 1,000+ dollars.
This is incredible. A large number of Tugou project parties are madly giving ARB airdrop qualifications to airdrop various meme coins,
From a few U to dozens or hundreds of U, some project parties will give airdrops as long as you leave a message on Twitter. Many 0-fan project parties just randomly create an account and say they want to issue coins, and countless KOLs rush to promote it, and countless people spend money to recharge. Even if the coin returns to zero on the day of issuance, it still can't resist the enthusiasm of countless "smart people".
This year's Tugou is still conscientious, and basically there is no project that asks you to deposit money first.
This time, the Tugou craze lasted for two months, and then the market went bearish, and it took half a year to recover.
2024 bome
SOL coin bome doubled 400 times in just 3 days, and was listed on Binance in just 3 days. Since then, SOL has been issuing all kinds of coin on the chain, most of which are group friends' entrepreneurial projects.
SOL's coin issuance is more blatant. First, let the leeks pay, then find a group of 10u 20u KOLs to help forward, and then a group of "smart leeks" will pay crazily.
Most projects are cold on the same day, and no one buys mainstream coins. How can they not collapse if they all go to group friends' entrepreneurial projects?
