Behind the myth of meme tokens getting rich: Who is quietly making a fortune?

Recently, a certain public chain has been extremely popular, with various meme tokens flying everywhere, and stories of “getting rich overnight” flooding the screens daily. Buying a coin casually before bed, and waking up to find several zeros added to the account—everyone in the group is sharing such screenshots, as if money is just lying on the ground waiting to be picked up. Countless retail investors have been captivated by these myths, ignoring the fundamentals and avoiding the secondary market, with only “the next 100x coin” left in their sights.

But have you ever thought: who is actually losing the money you earn?

This market has always followed the 80/20 rule, and no one benefits equally. Those screenshots of sudden wealth you've seen are either from insiders showing off or just showcasing profits while hiding losses. Why? Because these stories are needed to lure in new retail investors.

When everyone is dreaming of “xx life”, the real smart money has already slipped away. They are not continuing to chase meme tokens, but quietly withdrawing most of their funds back to the Secondary Market - to allocate into those mainstream assets with deeper liquidity and higher certainty, like BTC and ETH. They might just leave some pocket money to keep gambling.

When retail investors discover that the “golden dog” on the chain has turned into a “dead dog,” they often find that it is already the end of the market when they want to chase mainstream coins. Those who got rich early with meme tokens? They have long exchanged their chips for Bitcoin and Ethereum.

Who really made money in this game?

Institutions, KOLs, Scientists.

Institutions team up with a group of KOLs to issue coins, keeping an eye on the big shots' Twitter to ride the wave, potentially launching hundreds of projects in a day—all possibly orchestrated by the same group. Once a project catches the hot trend, the KOLs flock in: they buy first, then tweet to promote it. Scientists rush in with tools, followed closely by retail investors.

By the time retail investors see it, the coin price has at least increased by 100 times. Those who come first might gain some profits, while those who come later are just lifting the sedan chair for the market makers.

Don't talk about “fair launch”—when an ordinary person issues a coin, even if it rides a hot trend, nobody pays attention without the help of KOLs. Indeed, there are retail investors who made some profits, but what the project parties fear is that you won't continue to play. Retail investors usually make some money, and then they will lose it all on other projects.

In the end, you realize: After playing with the institutions for so long, all your money has turned into Bitcoin and Ethereum in someone else's wallet, while the meme tokens you hoarded have long gone to zero.

To put it bluntly, this is a trap set by a leading exchange. If the crypto space continues to develop like this, is there still any prospect? After Wall Street sees this scene, they will probably be furious.

A certain exchange acts as a market maker, holding the most platform coins, first driving up the price to create a hotspot, making its own ecosystem the focus; then teaming up with KOLs to create the myth of meme tokens making people rich - the story of “someone turning a few thousand into millions” spreads across the internet, attracting more people into the market with dreams; KOLs all praise and hype, creating the illusion that “everyone can get rich.”

At the same time, those who were well-prepared were selling off at high positions, steadily passing the baton to the last entrants.

What should retail investors do?

There is no technology faster than a person, nor are there reliable rumors; it's best not to get involved.

Wealth is never obtained overnight. Those who can truly achieve freedom often go through several rounds of bull and bear market trials—accumulating during fluctuations and holding firm at low positions. Mainstream assets like Bitcoin and Ethereum are the tools that can carry wealth in the long term.

Instead of gambling on meme tokens, it's better to position yourself for a real value asset through a shortcut.

Meme tokens may earn some pocket money, but the myth of “tenfold, hundredfold” wealth belongs to a very few. More people will end up losing everything in this game. Even if someone truly makes a fortune through “some life”, if their wealth doesn't match their abilities, they will eventually lose it back due to their lack of skill.

At present, the wealth creation myth of a certain public chain has reached its peak, and those waiting to take over may be lining up. Once this round of meme tokens frenzy passes, the market's focus will likely return to the mainstream. The next wave of market movement may not be in meme tokens, but in Bitcoin and Ethereum.

I can't advise everyone not to play - after all, blocking someone's financial path is like killing their parents. I just hope everyone doesn't get too carried away and loses their sanity. Remember: only those who stay clear-headed in this market can survive until the end.