2026-01-11 15:21:06

Meme coins in some leading exchange ecosystems have been causing quite a stir recently. As of January 11, the market capitalization of this coin has surged to $178 million, with a 24-hour increase of over 23%, and trading volume has also surpassed $112 million, indicating active trading. But here’s the problem—this coin has no fundamental support whatsoever. Its price is entirely driven by market sentiment, resembling a roller coaster, with sharp rises followed by significant pullbacks, and large traders' transactions often influence the market trend. To put it simply, this is a highly speculative asset with extremely high risks. If you want to participate, be prepared for the worst-case scenario.

MEME-1,29%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
6
Repost
Share

Comment

0/400

DEXRobinHood

· 7h ago

It's another of these scythe tokens, a 23% increase looks tempting, but we all know deep down that this is just big players taking the bait.

View OriginalReply0

Tokenomics911

· 12h ago

A 23% increase clearly looks like a trap for the unwary; such things with no fundamentals should be avoided. --- The rollercoaster market is real; when big players move, the entire market trembles—pure gambling. --- A market cap of 178 million yuan dares to call itself a top project? We should see who’s behind the pump. --- As for meme coins, the cost of quick profits is losing even faster. I’d rather hold mainstream coins. --- Reminds me of the last disaster; these speculative plays always end with bagholders losing everything. --- Good-looking data, but without fundamentals support, it will eventually return to the origin. Why gamble on this? --- The problem is retail investors often buy at high points, while big players have already exited—typical pump-and-dump. --- With a 24-hour trading volume of 112 million yuan, how many people are inside just cutting each other? --- So high-risk it’s off the charts, yet people still want to play—like naive bulls not fearing tigers. --- I’ve seen too many coins like this last year; just seeing these numbers makes me want to vomit.

View OriginalReply0

Rugman_Walking

· 12h ago

This wave of meme coins is just a big casino, with no fundamentals to speak of, relying solely on retail investors to buy in. Wait, is the market cap still at 1.78 billion and rising? I doubt it. It's the same old trick, big players dump, and the retail investors get cut. Nah, I really don't touch this kind of thing, the risk is too outrageous. Coins driven by market sentiment, to put it plainly, are just the playground of the whales. It's somewhat interesting, but the previous few meme coins died even worse. Let's learn from the lessons, everyone. This time, it might be another case of someone getting harvested. Prepare yourselves mentally, friends.

View OriginalReply0

GasFeeCry

· 13h ago

It's the same story again, a 23% increase blinds people, only to realize they're the bagholders when it pulls back.

View OriginalReply0

Degentleman

· 13h ago

Alright, it's the same old story—no fundamentals, relying on emotions, risk levels off the charts... While that's not wrong, who the hell was thinking about fundamentals when the price was surging?

View OriginalReply0

LiquidityWitch

· 13h ago

Another roller coaster ride, a 23% increase looks great, but then a sudden plunge and I immediately sell everything.

View OriginalReply0