The temptation to enter the market is indeed right in front of you, but it still makes you hesitate when it’s time to take action.

Recently, there has been an interesting phenomenon in the Meme coin ecosystem. A new Meme project called "Laozi" surged 730 times in one day, with a market cap approaching 6 million. This number certainly grabs attention. But looking at the entire Chinese Meme coin ecosystem, the trend seems to be changing.

A review of its development trajectory reveals this shift. The prosperity of early Meme coins was mostly driven by the crazy promotion of a certain tech mogul—Elon Musk’s words could spark a wave, pushing projects like Dogecoin and Shitcoin into the spotlight.

Now, the logic has completely reversed. A single regional-related remark can give rise to an entire Meme coin industry chain. From spicy rabbit heads to Sichuan hotpot, and various related concept coins, new ones keep emerging. The speculative nature behind this is becoming increasingly intense.

It’s hard to say whether these projects will produce the next black horse like Shitcoin, but honestly, 99.99% of these new coins are probably tools for pulling the wool over investors’ eyes. The change in trend essentially reflects a shift in market participants’ mentality—from believing to now pure gambling.