Meme coins have been making waves lately, and many people are asking if this signals a bull market. Here's my take: don't be too optimistic.
Just look at the historical records and it becomes clear. During the 2021 Meme coin wave, the surges of DOGE and SHIB both occurred after Bitcoin broke through $60,000, not before. In other words, these hot money flows weren't active market initiators—they were followers. They act like an emotional amplifier, primarily appearing in the mid-to-late stages of bull markets that have already begun.
Looking at current market conditions, we're still in a phase of consolidation and base-building, far from reaching true market euphoria. This current wave of Meme enthusiasm looks more like localized speculation rather than a signal of a major trend. If whales are still slowly accumulating positions while retail traders start going all-in on Meme coins, that's pretty passive positioning.
So don't be fooled by short-term hype. Once the overall market truly stabilizes and the major direction becomes clear, Meme coins will naturally follow the rhythm. But taking this as a certain signal right now still carries considerable risk.
Meme coins have been making waves lately, and many people are asking if this signals a bull market. Here's my take: don't be too optimistic.
Just look at the historical records and it becomes clear. During the 2021 Meme coin wave, the surges of DOGE and SHIB both occurred after Bitcoin broke through $60,000, not before. In other words, these hot money flows weren't active market initiators—they were followers. They act like an emotional amplifier, primarily appearing in the mid-to-late stages of bull markets that have already begun.
Looking at current market conditions, we're still in a phase of consolidation and base-building, far from reaching true market euphoria. This current wave of Meme enthusiasm looks more like localized speculation rather than a signal of a major trend. If whales are still slowly accumulating positions while retail traders start going all-in on Meme coins, that's pretty passive positioning.
So don't be fooled by short-term hype. Once the overall market truly stabilizes and the major direction becomes clear, Meme coins will naturally follow the rhythm. But taking this as a certain signal right now still carries considerable risk.