The Meme coin market in the crypto space has completely changed recently. Have you noticed that now, as long as a name is outrageous enough and can generate buzz, it seems possible to open the doors of exchanges?

It all started yesterday. A major exchange launched its first Chinese Meme coin, "Binance Life." This token had already made waves in the derivatives market earlier, reaching a high of $0.4. But as market enthusiasm cooled, it plummeted to below $0.1, a drop of over 80%. It sounds like the old trick of "debut at the peak," but what’s truly shocking is its performance after going live on spot trading—no rebound opportunities, instead a textbook example of pump-and-dump with fake upward moves to lure in buyers before crashing, trapping countless retail investors who chased the high.

Even more outrageous is that right after, tokens filled with internet memes like "I'm Coming" also launched. Seeing this name instantly shocked me. Having been in this industry for so many years, it was the first time I saw such an operation—once upon a time, even Meme coins relied on community consensus and virality to build a foundation. Now? As long as it can grab eyeballs and become a trending meme, it gets the green light from exchanges.

The logic behind this is quite straightforward: what do exchanges care about? High trading volume and fees driven by hype. What do project teams care about? Using a catchy meme to attract traffic, then dumping at high prices to make a profit. Whether the project has real value or sustainability is simply not within their consideration.

The question is, how long can this model last? When the standards for Meme coin listings drop from "community consensus" to "just a meme," the market will inevitably pay the price for this chaos. The previous 80% crash is a vivid example—many retail investors rushed in chasing hype, only to be precisely harvested for their gains.

So, it’s time to think calmly: Meme coins are inherently high-risk assets, but when the entry threshold is completely lowered, when project quality is no longer a prerequisite, and when "fame" becomes the only screening criterion, the risks in this track are no longer just "high." When making investment decisions, ask yourself more questions: Does this coin have genuine community support? Is the project team transparent? How is the trading depth and liquidity? Don’t rush in just because of a fun name—otherwise, what awaits you is more likely not wealth freedom, but a ticket to being trapped.