Meme coins are extremely volatile, and their prices may soar by 10,000% in one day. That's right, they may rise 10,000 times in one day, which is enough to make people stunned.

But they may also lose the gains of the previous three days in one day, especially the early Meme, whose prices are prone to violent fluctuations. The main reasons include two points:

1⃣️ Early investors made a lot of money, resulting in rapid price increases.

2⃣️ Since the project is in its early stages, the cohesion of the community is being initially formed, and it is necessary to lay the foundation for subsequent price increases through sufficient chip exchange.

In fact, this is also a test of mentality. As long as the community continues to be active, continuously promotes and enhances cohesion, Meme coins will become stronger and their prices will rise more rapidly.

For projects with a market value of less than 1 million, especially those with a market value of only tens of thousands, the price may soar overnight due to the intervention of several large investors, but swing traders may also lose their chips because of selling at any time, and face the risk of losing profits.

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