One, is there a reversal after the bloodbath? The strange signals behind 390,000 liquidations

The crypto world is never short of drama! At the beginning of 2026, the Meme coin sector faced a 'chain explosion', with 398,700 liquidations in 24 hours, $1.163 billion in funds vanishing—TRUMP coin plummeted 85% in five days due to insider trading accusations, SHIB fell 96.4% from its peak price, and PEPE nearly went to zero.

But just as retail investors are cutting losses and leaving, the market is showing abnormal signals: DOGE rebounded 8% in a week, on-chain selling pressure dropped by 60%; the Chinese new coin 'I have arrived' surged 816.6% within 24 hours, with market cap soaring to $20 million. One side faces a halving disaster, while the other side sees a counter-trend surge; is the 'death spiral' of Meme coins about to end?

Two, popular + new Meme coin life and death list

🐶• DOGE (dogecoin): peak $0.73 → current price $0.071 (drop 90.3%), but after January 25, bullish signals of RSI and price divergence have appeared, with the key resistance level at $0.137, breaking through may open up a rebound channel.

😧• TRUMP (Trump coin): peak $1.2 → current price $0.21 (drop 82.5%), insider wallet sell-off triggered a collapse, yet the number of holders still increased by 7.72%, maintaining the key level of $4.74 could restart the bullish narrative.

🐎• I have arrived (Chinese new coin): peak $0.01825 → current price $0.0093 (retracement 48.9%), taking advantage of the Year of the Horse zodiac culture, supported by Binance to become the leading Chinese Meme coin, but insufficient liquidity pool depth hides risks.

🙂‍↕️• PIPPIN (new popular coin): surged 60% in 24 hours, current price $0.55, large holders increased positions by 6.88%, but RSI divergence indicates exhaustion of upward momentum, with $0.42 becoming a lifeline.

Three, the truth behind the crash: dual strangulation of regulation + whales

1. Regulatory crackdown implemented: the UK's FCA new rules will bring Meme coins under regulation, requiring issuers to register and comply with anti-money laundering rules, while the EU MiCA regulations simultaneously implement cross-border circulation restrictions, forcing funds out as exchanges delist.

2. Whales precisely harvesting: TRUMP coin saw a wallet dump $5.9 million to buy the dip just one minute after launch, cashing out $20 million before diversifying the sell-off; the top 10 addresses of the Chinese Meme coin control over 80% of the circulating supply, leaving retail investors as 'exit liquidity.'

3. Narrative dislocation: SHIB 'dogecoin alternative', PEPE 'frog meme' narratives are losing effectiveness, while new coins rely on 'Year of the Horse culture' and 'celebrity events' for short-term capital, but lack sustained enthusiasm support, rising quickly yet falling even faster.

Four, soul-searching question: Can it rise back to the peak? Three key signals

Short-term (3-6 months) rebound probability is extremely high: the current Meme coin sector valuation is at a historical low, improvements in DOGE's on-chain metrics, event-driven factors for TRUMP (Melania's documentary release), and cultural resonance of the new Chinese coin may trigger a technical rebound of 20%-50%. However, returning to the peak is as difficult as climbing to the sky:

• Regulatory red lines have been drawn, FCA's licensing requirements will eliminate 90% of projects without compliance capabilities;

• Fund diversion is serious, over 100 new Meme coins by 2026, old coins struggle to gain sustained investor favor;

• Fundamental emptiness, Meme coins without technical support ultimately cannot escape the fate of 'rising sharply, falling even more sharply.'

However, there are exceptions: if DOGE can break the resistance level of $0.148, or 'I have arrived' completes compliance filing and enters the FCA regulatory sandbox, it may become the sector leader and emerge with independent trends.

Five, final warning: Buy the dip or face demise?

The game rules of Meme coins have never changed: 90% of projects will ultimately go to zero, only 10% can survive through compliance, community, or narrative. Current buy the dip strategies must focus on three signals: whether to go live on mainstream exchanges, whether large holders' positions are stable, and whether regulatory attitudes are loosening.

🤔 It is recommended to participate with only 1% of spare funds, and immediately stop loss if it drops below 20%—after all, in this game between whales and retail investors, 'surviving' is always more important than 'making big money.'

And those still hesitating whether to buy the dip on PEPE🐸 or whether SHIB will go to zero should ask themselves: Are you betting on luck, or do you really understand the cycle of Meme coins 'surge - crash - renew'?

Q2 2026 may present a rebound window, but this time, do you dare to get on board?