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There are always some terms in the crypto world that carry a legendary aura.
In recent years, regulatory waves have indeed been quite strong, but certain "regional tags" still serve as unspoken golden signs within the industry. Especially in the primary market, projects with strong local characteristics can always attract significant funds.
Recently, there has been some buzz in the community—someone is privately promoting a meme coin that incorporates local cultural elements. These projects usually claim to be "decentralized" and "resistant to censorship," combined with the daring spirit of local entrepreneurs, which has kept the hype in Chinese communities quite high.
These coins have several obvious features: trading mainly occurs on Telegram and WeChat groups, prices typically stay below $1, making it easy for retail investors to participate. Information asymmetry creates profit margins, and the opacity of the primary market makes this space even larger.
Now Bitcoin is taking a break, but small-cap coins are surging. If you have some spare funds and want to explore, the primary market indeed offers opportunities to strike it rich. But remember, this circle always walks hand in hand with risk and reward—do your homework, stay alert, and don't let greed cloud your judgment.