$PONS Over this past month, it really has shown the essence of Meme coins.

At the end of July it was still on the floor, barely anyone watching; then it went on a wild rampage—peaking at around $0.97 and multiplying by dozens in a short time.

Then the plot started to flip:
When it was pumping—
“This is the new generation of Meme coin king!”
While it was surging—
“BonkGuy is about to take off again!”
Now that it has pulled back—
“Brothers, what do the fundamentals say?”

What’s most abstract is that when PONS drops, it doesn’t just bleed down in a straight line. Instead, every few days it suddenly throws you a giant bullish candle, yanking the bulls back out of the mud just as they were about to be buried.

And then it tells you:
Don’t rush—I’m just pretending to be a corpse that came back.

That’s the most familiar script for Meme coins:
First use a massive spike to manufacture belief, then use volatility to create believers, and in the end liquidity decides who has to foot the bill.

No matter how loud BonkGuy shouts, in the end someone still has to pay out USDT.

So when I look at PONS now, I can only sum it up like this:
The signal-chasing shills are responsible for manufacturing the高潮, the candlesticks are responsible for manufacturing the illusion, and finally the bag-holders are responsible for completing the loop.