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0xXIAOc
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What are the recent popular topics 'Binance Life', 'Customer Service Xiao He', and 'Cultivation'?
🥃
They essentially belong to meme coins
Driven by internet memes, topics, and community sentiment, their prices are mainly propelled by narratives and traffic.
Taking 'Binance Life' as an example: it is a typical Chinese character meme coin.
In early October, it quickly became popular on the BNB Chain due to a meme saying 'Enjoy Binance Life'.
Its market value once exceeded $500 million, with a short-term increase of several thousand times.
🔶
The 24-hour revenue of the BNB ecosystem's issuance platform Four has been reported by several crypto media outlets to have surpassed Solana's Pump.
This indicates that the platform makes money more stably through commissions.
The participants mainly engage in a PVP (you earn, I lose) game to share the winnings and losses.
🔷
Why do we say their 'profit model' is PVP?
The price increase mainly comes from later buyers paying a higher price.
There are also bots and information advantages.
This further turns the game among retail investors into a zero-sum or even negative-sum game
(because there are also fees/taxes).
✅
The life cycle of 99% of meme coins
Topic → Platform one-click coin issuance → Early small market cap → KOL/social media amplification → Capital rushes into the pool (price surges) → Game → Latecomers losing money → Popularity cools down (retracement/goes to zero).
🈹
Reminder for beginners
If you are new to the crypto space, definitely don’t buy it, don't open Pandora's box.
The waters are too deep for you to grasp.
All the gifts that fate offers have already been priced in the dark.
🥃
They essentially belong to meme coins
Driven by internet memes, topics, and community sentiment, their prices are mainly propelled by narratives and traffic.
Taking 'Binance Life' as an example: it is a typical Chinese character meme coin.
In early October, it quickly became popular on the BNB Chain due to a meme saying 'Enjoy Binance Life'.
Its market value once exceeded $500 million, with a short-term increase of several thousand times.
🔶
The 24-hour revenue of the BNB ecosystem's issuance platform Four has been reported by several crypto media outlets to have surpassed Solana's Pump.
This indicates that the platform makes money more stably through commissions.
The participants mainly engage in a PVP (you earn, I lose) game to share the winnings and losses.
🔷
Why do we say their 'profit model' is PVP?
The price increase mainly comes from later buyers paying a higher price.
There are also bots and information advantages.
This further turns the game among retail investors into a zero-sum or even negative-sum game
(because there are also fees/taxes).
✅
The life cycle of 99% of meme coins
Topic → Platform one-click coin issuance → Early small market cap → KOL/social media amplification → Capital rushes into the pool (price surges) → Game → Latecomers losing money → Popularity cools down (retracement/goes to zero).
🈹
Reminder for beginners
If you are new to the crypto space, definitely don’t buy it, don't open Pandora's box.
The waters are too deep for you to grasp.
All the gifts that fate offers have already been priced in the dark.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.