Recently, Meme coins have been gaining popularity again. Many people are asking if this is a sign of a bull market. My view is: don't be too optimistic.

Looking back at history makes it clear. During the Meme coin craze of 2021, the surge of DOGE and SHIB all occurred after Bitcoin broke through $60,000, not before. In other words, these hot money flows were not proactive market initiators but followers. They act like a magnifying glass for emotions, mainly appearing in the mid-to-late stages of a bull market when it’s already running.

Now, look at the current market. It’s still in the phase of oscillating and building a bottom, far from the truly crazy moments. This wave of Meme hype is more like localized speculative activity rather than a signal of a major trend. If the main players are still slowly accumulating, and retail investors start going all-in on Meme coins, that’s quite passive.

So, don’t be fooled by short-term enthusiasm. Once the overall market stabilizes and the main trend becomes clear, Meme coins will naturally follow the rhythm. But using this as a confirmed signal now carries quite a bit of risk.