The MEME coin sector has completely exploded in the past couple of days. Starting from the beginning of the week, PEPE's increase has directly surpassed 60%, and other veteran meme coins like SHIB, Bonk, WIF, and BOME have collectively gone wild, with their popularity reaching astonishing levels. Interestingly, even the Musk-themed PUPPIES are showing signs of movement. This wave of market activity has indeed attracted a large number of retail investors to follow along, with major platforms' hot lists almost dominated by MEME coins.

In contrast, Bitcoin and Ethereum appear particularly calm—BTC is consolidating sideways, and ETH's gains are modest, as if the two giants are just watching the MEME frenzy unfold.

From the data, the situation is actually quite serious. Nearly $400 million worth of liquidations have occurred across the entire network, mostly wiping out short positions. This indicates how crazy the market sentiment is—many contract traders chased high to the limit and ended up getting caught. Short-term wealth and losses are happening simultaneously, and a scene of some rejoicing while others lament has already emerged.

This is a snapshot of the current market: half the people quietly making money, while the other half are kicking themselves for missing out. Some are going all-in and riding the wave, while others are panicking overnight. The atmosphere has heated up to the point where "just enjoy the hype first" has almost become a consensus. But this is precisely the most dangerous moment.

Don’t be blinded by the market’s climax. The cost of wild celebration is often painful. It’s recommended to keep positions restrained—better to earn a little less than to get buried in the mountains. In market volatility, leave some clarity for yourself.