Bitcoin remains high, and funds are starting to look for opportunities everywhere—yet another familiar rotation pattern. First, Pepe skyrocketed 34% in one day, lifting mainstream Meme coins; then Chinese tokens on the BSC chain collectively exploded, with "I’m f***ing coming" surpassing $27 million in market cap, and "Binance Life" surged 40%, driving the entire sector to follow and hit daily limit-ups. Dog coins are now everywhere, and this scene is quite common—whenever Bitcoin breaks out, a wave of altcoins follow suit, then small-cap Meme coins begin to surge wildly, eventually entering a phase of pure speculative frenzy.

The problem is, this kind of hype has never marked the start of a new cycle. Just look at the Meme coin frenzy at the end of 2024—very hot back then, but now? The sector's market cap has evaporated by 65% within a year. The lessons of history are clear—those rises without fundamental support will ultimately revert to reality. What’s happening now is precisely the phase in this cycle where problems are more likely to occur, so it’s important to stay cautious.