The blood and tears lesson under the Meme coin frenzy, we should learn to say goodbye to the illusion of sudden wealth Yesterday morning, many friends posted screenshots of their earnings. They followed the trend and bought a certain meme, which rose 30 times in 8 hours. They posted their earnings and shouted that they really wanted financial freedom this time. Only 12 hours later, the coin price plummeted by 80%, and the account had 3 costs left. This scene has been happening almost every day in the cryptocurrency industry recently. After Binance Life, a large number of Chinese Meme coins have collectively skyrocketed, and on chain players have followed the trend and bought, but then plummeted to zero. This is not an opportunity, it is a situation where the sickle cuts towards the illusion of sudden wealth. 1、 99% of Meme coins are destined to go to zero This type of coin has no technology or landing, and its value depends entirely on emotions. Once the heat subsides (such as when the next hot topic appears), funds will withdraw in seconds, and the coin price will plummet. What's even more ruthless is that the market makers control the market, with small circulation (possibly less than 1%), and can build momentum with just a few million yuan when pulling up the market. After individual investors chase higher prices, the market makers sell at high levels and even smash the floor. Recently, many coins have surged a hundredfold, but three days later, due to a lack of new topics, they plummeted by 98% and their trading volume decreased by 99%. I couldn't resist buying a few memes with my friends, but in the end, I didn't run and ended up losing money. The so-called 100 times coin is just the shadow of the flow foam. 2、 Do you really want to play? Only buy faucets with consensus. Which of Dogecoin and Shib can cross the cycle, because they have a true consensus: the early participants are not for making money, but to identify with a decentralized and humorous culture, with strong liquidity (daily trading volume exceeding 100 million), uncontrollable by market makers, and maintained by the original team to continue playing memes. And those newly launched coins that rely on hype and hype? Without history, community, or users, it is essentially a one-time leek cutting tool for market makers. Finally, let me say something heart wrenching: The most dangerous thing about this wave of enthusiasm is not losing money, but cultivating one's own "gambler mentality" Listening to news, chasing hot topics, betting twice, but forgetting the word 'risk'. Remember: only buy leading brands with strong consensus, only use the money you can afford to lose, and always leave a way out. The carnival may end, but the drama of earning money by luck and losing money by strength will always repeat itself. Stay sober.