In recent days, the Meme coin market has been quite exciting, with several Chinese concept Meme tokens staging a dramatic "rise and fall" show.

Let's start with the main players in this wave of market activity. A leading Meme coin once surged to a market cap of $50-52 million, with a staggering single-day increase of 301%. However, it didn't last long and quickly reversed course, accompanied by a large number of short-term liquidations. Another popular token broke through $10 million but couldn't hold on, even dropping over 40% within four hours—an alarming speed of decline. Exchanges promptly listed this coin for spot trading, aiming to capitalize on the hype. Not only that, but a related token briefly surpassed $13 million before starting to decline.

From this market trend, it’s clear that Meme coins carry significant risks—low liquidity, easy to crash, and retail investors are prone to becoming the last to sell. Investors chasing high prices should be more cautious.