Recently, many people have been struggling with Meme coins — wanting to give up but feeling unwilling, wanting to continue but feeling uneasy. This kind of conflicting mindset is indeed quite common.

Honestly, these Meme coins lack practical application scenarios and are purely driven by market sentiment and short-term hype. Falling more than 55% from their all-time highs already indicates a problem. What's more painful is that the largest holders control about 48.54% of the circulating supply, which indeed poses a risk due to such concentration.

But this is also the charm of the crypto market — no one can predict the future trend with 100% certainty. Who knows, if certain key figures' next moves can bring new narratives or decision mechanisms, the market reaction could be completely different.

So my view is: friends who haven't entered yet should keep observing and not rush; friends who have already entered can retain some positions and avoid going all-in. Risk and opportunity always coexist.