2026-01-18 10:21:21

Recently, there has been a focus on the Chinese Meme coin ecosystem, and an interesting phenomenon is worth noting.

Lately, trading data from a leading exchange has shown some abnormal fluctuations, but a closer look at the trading chain reveals many clues. From the on-chain address activity, the wallets involved in these projects are already leading in the same sector, and the growth curves of trading volume and trading frequency are quite impressive — in the current Chinese Meme coin sector, this data performance is indeed among the top.

Interestingly, an increase in the number of addresses often indicates a rise in market attention. When more wallets participate, trading activity naturally surges. Such a level of accumulation cannot be explained by short-term speculation alone; there is indeed a market foundation supporting it.

Whether the market can break through or not still depends on subsequent support. Interested friends can analyze the on-chain data themselves to get a feel for the situation. Opportunities often emerge when data changes.

MEME-2,18%

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FallingLeaf

· 6h ago

On-chain data is indeed telling a story, but it depends on who is telling it. A surge in wallet numbers isn't necessarily a good thing; when retail investors flock in, it's often time to run.

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ProbablyNothing

· 6h ago

On-chain data looks good, but I'm worried it might just be another hype cycle driven by a Ponzi scheme... We need to see if genuine buying can support it.

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RektButAlive

· 6h ago

On-chain data is indeed telling a story, but I'm really not willing to go all in on this wave. The key still depends on who will step in to take over. It's meme coins again, with abnormal fluctuations... I've seen this pattern too many times. An increase in address count isn't necessarily a good sign; it depends on whether retail investors are entering or smart money is accumulating. Let's wait and see the subsequent trend; it's too early to say anything now.

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WagmiOrRekt

· 6h ago

On-chain data doesn't lie, but having many wallets doesn't equal real demand. It depends on whether it's genuine accumulation or just cutting the leeks.

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OnchainArchaeologist

· 6h ago

On-chain data surging, what I care more about is whether these participants really have genuine funds or if it's just another round of pulling the wool over retail investors' eyes. Speaking of which, an increase in wallet addresses is indeed worth paying attention to, but do those dormant addresses count? It depends on the actual transaction cost structure. Hmm, the strength of support is correct; without the next meme coin, it's just a castle in the air. For projects like these, I usually check whether institutional wallets are involved. If whales have all left, then even active retail investors are pointless. Beautiful on-chain data does not equal solid fundamentals. Don't be fooled by daily active users; some of that volume is just bots. So the key is to find those with genuine trading counterparties; otherwise, no matter how many addresses there are, it's unreliable.

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LiquidityWizard

· 6h ago

nah actually the wallet accumulation metric here is statistically significant but theoretically speaking... those transaction curves could just be wash trading dressed up in onchain glamour, given the historical data on chinese meme coins lol

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