From Shib to $PEPE, why are 'community coins' so attractive?

First of all, community coins inherently possess a populist quality — their low price removes any psychological barriers of 'affordability'. Look at Shib, when it first launched it was as cheap as sand, a small investor could throw in a few hundred bucks and become a 'billionaire' in balance. The poor can afford it, the imagination space is limitless, and the low entry barrier practically paves the way for speculation!

'Working for Doge!' 'Buying $PEPE is investing in internet culture!' Just listen to these slogans and you understand that community coins can quickly gather people's hearts, relying not on technology, but on a sense of group belonging. These coins often draw their stories from 'trending memes' or 'grassroots retaliation' sentiments; once a few opinion leaders start hyping, the community atmosphere skyrockets.

Take, for example, when Shib challenged Doge; how could it explode in traffic? It was because many retail investors wanted to replicate the 'grassroots comeback' myth of Doge. The same goes for PEPE, which successfully captured the entire internet culture circle with the 'frog meme'.

How terrifying can community coins be when they rise? Myths of increasing by thousands or even tens of thousands of times don't come from nowhere. Such increases create a huge psychological suggestion for retail investors: 'What if I become the next lucky one?' The temptation of skyrocketing wealth draws more and more people in, with capital continuously taking turns, and prices getting higher and higher.

Don’t think community coins rely solely on sentiment; there are old tricks behind the scenes. From the initial price suppression to community capital guidance, to precise KOL marketing on social media, almost every step is marked with a 'must-have guide for operations'. Plus, some opaque destruction or locking mechanisms make performing a 'wealth myth' practically second nature.

When community coins stand at the forefront, everyone fears 'missing the next Shib'. As soon as the big players start shouting, 'This is the opportunity; missing it means regretting for a lifetime!' the emotions ferment, and the entire market seems bewitched — those who enter first cash out, while those who enter later lift the sedan chair. Do you understand? This is a classic capital game, and this type of game is very good at exploiting human weaknesses.