The magical operations in the crypto world are happening again. A meme coin triggered by a pun joke has surged by 453.43% in a short period, currently trading at $0.014307, with a market cap soaring to $14.29 million. On-chain holders are close to 6,000, and liquidity has reached $1.1167 million. Such a phenomenal increase indeed makes people excited.

From a technical perspective, this coin has been oscillating at low levels for a long time until hot news appeared, causing a sudden surge in volume. The MA7 and MA25 moving averages quickly form a bullish alignment, with trading volume instantly multiplying several times, attracting continuous follow-up funds. The entire trend looks like a textbook example of chasing highs—coming in fiercely and leaving even fiercer.

But the problem is, these meme coins lack fundamental support. Their prices are entirely driven by public opinion and sentiment. Once the hype cools down, those who buy in will have to bear the brunt of the decline. Currently, it has already reached a short-term high, and a pullback pressure is looming.

A reminder to everyone: the lifecycle of hot spot speculation is often surprisingly short. What seems like a guaranteed profit opportunity can quickly turn into a tool for cutting leeks. Set proper take-profit and stop-loss levels, and rationally assess the risk-reward ratio to survive longer in the crypto space. Although pun jokes are easy to go viral, the risks behind them are no joke at all.