Recently, MEME tokens have sparked another wave of enthusiasm, with some making huge profits, but most becoming bag holders. After experiencing several "pitfalls," I want to share some lessons with everyone.

Why am I gradually distancing myself from these projects? There are four main reasons:

**Difficult to hold onto low positions**. Behind the seemingly crazy upward trend, very few retail investors actually get rich quick through MEME coins. Those who manage to hold onto gains at low levels are often project teams or big whales. Ordinary investors find it hard to grasp the rhythm accurately.

**Entry timing is always late**. These coins are phenomenon-level products, essentially driven by hype and dissemination. Most people see the market already inflated, with little profit margin left, making them more likely to get trapped at high levels.

**Fast pace makes it hard to control**. Most MEME coin traders are speculators, taking small profits and then running. They lack conviction support. This type of investment is more like gambling, relying on luck to achieve quick gains, with win rates far below expectations.

**Risks are asymmetric**. A common approach is: sell coins that are making money immediately, hold onto coins that are losing. Since investors often diversify across multiple projects, hoping to "catch a big fish" and turn things around, the result is usually most of them end up worthless.

Although I have stepped back from this field, I still wish everyone can catch some gold coins. For those who entered at low levels and exit immediately upon profit—you're actually right. Take profits when you can; after all, realized gains are the real ones. No one can be completely sure which is the goldfish and which is the fishing rod.