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I’ve been looking into some recent Chinese meme coin projects, and honestly, I find it a bit confusing.
What exactly are these projects trying to achieve? Are they just blindly following the trend of issuing tokens, or is there really something behind them? Each one has a flashy name, and the community engagement is quite high, but if you ask them about their business logic or what real value investors can gain, they all seem unable to give a clear answer.
Despite this, many people are still investing in such projects. In this market cycle, meme coins definitely catch the eye, but in the long run, can these coins without a clear positioning really go far? It seems like many people are just betting on luck rather than based on anything substantial.