A recent spectacle has unfolded in the crypto world—industry insiders on social media casually said "not recommended to blindly follow Meme coins," and suddenly, a Chinese Meme coin on a certain public chain started a collective plunge. Those tokens that once exploded across the internet experienced a brutal 20% daily decline, and traders jumping in on the bandwagon got caught at the high.

This wave of market movement seemed sudden, but in fact, the signs had been there for a while. Having navigated this market for years, today I will thoroughly explain the logic behind this emotional sell-off—whether you're a gambler fighting in Meme coins or a newcomer observing from the sidelines, understanding these points can save you a lot of lessons.

**The Truth About Meme Coins: Fuel is Emotion, and the Firestarter is Influential Opinions**

Many people treat Meme coins as a get-rich-quick machine, but I see it differently. Essentially, these are just emotion amplifiers that can't withstand deep scrutiny. Think about what you're really buying—you're not buying code, nor a grand vision, but resonance within WeChat groups, hype on social platforms, and the anxiety that everyone else is buying and you’ll miss out if you don’t.

A few words from industry leaders can ignite this emotional powder keg. Don’t think they’re just casually complaining; in the crypto market, every word from such figures is amplified infinitely. When the "don’t follow the trend" statement came out, the market immediately interpreted it as a stance from a major platform not supporting Meme coins. The Meme coin ecosystem, which relies heavily on emotion, instantly lost confidence, and a sell-off wave naturally followed.