A single sentence can bring a market value of five hundred million dollars. Why does the unique culture of meme coins in the crypto world consistently attract market attention? This has always been something traditional financial investors struggle to adapt to. Behind this lies not only the myth of overnight wealth that retail investors hope for but also the explosive power ignited by opinion leaders in the market.
Last week, the sister of Binance's co-founder sparked the first Chinese meme storm in the Chinese-speaking community with a reply on social platform X saying, 'Wishing you enjoy the Binance life.' Within just a few days, not only were a large number of Chinese meme coins issued on the Fourmeme platform, but several meme coins also stirred the market, and this craze saw funds gradually return to the secondary market after a catastrophic global crash on 10/11.
What kind of story did this week-long carnival tell?
When U.S. President Trump implemented a series of cryptocurrency-friendly policies, and after the world's largest asset management group BlackRock launched a Bitcoin ETF, the secondary market for retail investors in the traditional cryptocurrency world became boring. Not only did the increase in security reduce the returns from risk and reward, but the influx of capital also provided higher price support. The lack of low-cost holdings brought about by sharp declines also means that those easy-to-double market conditions are becoming increasingly rare.
Moreover, the meme coin market in recent years has always been dominated by Western culture, which has left the long-repressed Chinese community quite frustrated. Until the success of the sister's 'Binance Life' ignited the explosion of the Chinese meme system, the myth of short-term stimulation and explosive wealth that many people pursue reappeared, and of course, the number of participants and capital also surged.
For the first time, even foreigners have to learn Chinese, but unfortunately, it is still mostly simplified.
Even I participated in a BNB holder meme coin at that time. Although I was lucky enough to actually buy at the lowest point and sell at the highest point, I know this was just a stroke of luck in my market judgment. I followed the direction I predicted all the way, and this may just be a one-time luck. So after making a profit with a small investment, I did not get overly excited and add more, but happily took my profits and left.
Looking at it over a longer period, this meme coin craze lasted less than a week, but at least it is a significant chapter in the history of meme coins.
I believe that as long as there is still a group of retail investors eager for quick wealth and hoping to challenge traditional finance, the meme coin culture will not disappear. Moreover, the majority of people’s adoration for authorities like the sister, along with the adrenaline brought by this high volatility, will only lead to the meme coin ecosystem becoming more and more prosperous.
Just like after this crash, my highest earnings came from meme coins like FORM and WIF, which means that even without large capital, they still brought decent price movement.
