Interesting, yesterday on BSC this meme coin "1" surprisingly outperformed the market. Most meme coins were falling at the time, but this guy's market cap shot up from 4.5 million to 9.7 million, doubling in value. Although there was a pullback later, it still held around 9 million market cap, and now it looks quite resilient to drops.

I checked it out, and meme coins are just like that—completely driven by market sentiment and hype, with sudden surges and crashes, and no real utility. The "1" meme coin also saw its price reach $0.009, but these kinds of fluctuations are really刺激. If you want to participate in trading such meme coins, you need to be mentally prepared to lose money at any time; the risks are really high.

By the way, there are many meme coins with the same name, so if you're trading, make sure to verify the contract address to avoid mistakes. This is the current state of meme coins—hot when the hype is there, and falling when it fades.