The Solana MEME coin circle in 2025 resembles a疯狂 speculative feast—how狂狂 it was in the early stages, how狼狈 it became in the later stages.

Looking at these two典型 cases makes it clear. GIGA Chad's market cap peaked over $800 million, with a 200% increase within the first week of launch; and the project "1 Coin Changes Life," which attracted 176,000 participants, saw trading volume soar to $1.3 billion just 2 hours after going live. These numbers at first glance are enough to excite people, but the reality is that many retail investors are now either wiped out or have lost everything.

Why has Solana become a hotbed for MEME coins? Simply put, it’s due to a few objective conditions perfectly aligning. On-chain transactions are ridiculously fast—TPS can reach 3,700 transactions per second, with a single transaction fee of only $0.00025. For speculators, this is basically a paradise. Participation costs only a few hundred dollars, with almost zero friction, naturally attracting countless gamblers. The wave of GIGA Chad was driven by the "giant monster" visual symbol spreading virally on social media, tying into ecological narratives and taking off instantly. As for the "life-changing" project, it’s even more incredible—no roadmap at all, relying solely on motivational slogans like "destined child" and "defy fate," yet it still managed to attract hundreds of thousands of people.

But the core problem with these projects is already obvious: they completely lack practical application value. Do they have any technological innovation? No. Do they have ecological development? Pure nonsense. Essentially, they are naked speculative bubbles—driven by emotions, fueled by FOMO psychology, and ultimately destined to burst.

The biggest lesson from this MEME coin wave is simple: if a project only has price fluctuations and no real value support, it’s just a game of hot potato. Projects that can truly survive cycles must have solid technological accumulation or ecological applications—this is not just hype; it’s a summary of my blood and tears after witnessing multiple bull and bear markets over the years.