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Lately, Meme coin names have been truly astonishing. Recently, a Chinese Meme coin plummeted from its high point, catching investors off guard, with assets evaporating by nearly half in an instant. Looking at this market trend, several questions are now front and center.
First, the volatility is terrifyingly fierce. Meme coins are among the highest risk assets in the entire crypto world, with price fluctuations easily surpassing other asset classes.
Second, there is no fundamental support at all. The prices of these coins are entirely driven by market sentiment and hype, and once the enthusiasm fades, the prices collapse, with the risk of zeroing out being very real.
Third, celebrity influence is unreliable. A mention by a big V might generate short-term hype, but this excitement is fleeting and cannot form sustainable value support.
Therefore, investor education is crucial. Before entering the market, one must thoroughly understand: this is purely a speculative game, and you should only invest money you can truly afford to lose. In other words, Meme coin trading involves huge fluctuations, mostly driven by market sentiment and concepts, with no real practical value or technical backing. Risk awareness must come first, and this is not empty talk.