Bitcoin reached a new high, those so-called mainstream coins, the leading coins in the race are like they have completely stalled, unable to rise, with no traffic. On the contrary, some meme coins are being pumped more.

Perhaps there is still no large excess capital entering the market, and the increased activity in meme coins is also the result of behind-the-scenes players working together with some small retail investors to take big risks. Ultimately, the pumping of meme coins still requires selling coins to reap profits; it's just a matter of finding a suitable point to cascade down.