Last night, major KOLs in the crypto space kept warning about risks, and just now I bought back some positions at the dip.

For a top-tier narrative Meme project like 714, it’s shocking that the dev team actually rugged and ran off. Fortunately, another well-known crypto influencer reacted quickly and organized a rapid CTO (Community Takeover).

Right now, the token price has basically stabilized, and the community sentiment is slowly recovering. This move is a textbook example of Meme token self-rescue—devs running away isn’t scary, what’s scary is if the community isn’t united.

That said, no matter how good the narrative is, it can’t make up for a project team with no bottom line. For those aping into microcaps, make sure to do your homework—don’t just blindly go all-in because the story sounds good.