Speaking of these meme coins, there have indeed been quite a few new varieties emerging in the market. One project currently has a market cap of over 100 million, whereas other meme coins often reach tens of billions or even higher, indicating that there may still be valuation space. However, the problem with this type of asset is—it's entirely driven by sentiment.

I personally remain cautious about such projects, fundamentally because they lack solid fundamentals. A group of participants hype around the same concept; in simple terms, it's just trading atmosphere itself. This situation can indeed be confusing and hard to grasp. If there is any relative advantage, it’s that this project has no issuance mechanism—this is somewhat better than some established meme coins. Comparing it to Dogecoin, its issuance feature determines that its long-term scarcity will be diluted, which is an essential difference.

But these differences do not change the fundamental issue: meme coins are ultimately products of market sentiment, and the investment risks remain high.