Reflect on the current state of the Meme track. You might think the Chinese series is dominating here, but if you look closely — the real beasts have already been sharpening their blades in the shadows.

Looking back over the past two years, you can see many clues.

From August to September 2025, the overall market sentiment was a bit dull. At this critical juncture, the $PUPPIES project was the first to hold a live stream to set the rhythm in a community forum on a major exchange, then — it suddenly surged 50 times in a month. That number was quite shocking at the time.

Then, after the National Day holiday, Chinese Meme projects like $BinanceLife started to emerge one after another. It seemed like they were the mainstream, but if you carefully analyze the timeline, you can see who was the first mover.

On October 11th, a black swan appeared suddenly, and the market was bloodbath. Countless altcoins went to zero, and retail investors were devastated. But something interesting happened — the $PUPPIES community did not collapse; instead, they kept building. This was not a one-time pump-and-dump scheme to fleece retail investors, but real resilience through the bear market.

Fast forward to early 2026, $PUPPIES once again led the rally. Looking at those Chinese series coins — like "$IAmComing" and similar new narratives — to be blunt, they are just following the trend.

Over these two years, the market has seen too many "one-wave" projects. PvP battles, riding hot topics, pumping and dumping — a series of tactics that have washed out retail investors and small funds. But there are also projects that quietly build, survive multiple cycles, and accumulate genuine community consensus amid the ups and downs.

Someone might ask: Is this slow? Indeed.

But think of the story of bamboo shoots — it takes four years to root, but only one night to break the ground. Every storm in the market is accumulating the energy for these projects to break through.

A hundred billion market cap? Surpassing $SHIB? These goals sound tempting, but the key isn’t in these numbers. When narratives shed their outer layers and return to their essence, the true consensus has little to do with what language you speak. The decisive factor is who is continuously creating value and who is truly consolidating faith.

That’s the difference.