Meme Coin: The Catalyst and Change Driver of the Crypto Assets Market

Recently, there has been a viewpoint in the Crypto Assets community that Meme coins have had a negative impact on the current market cycle. However, from an objective perspective, Meme coins actually play the role of market catalysts, accelerating the maturation process of the industry:

1. The market focus has shifted from "technology first" to "attention economy". Meme coins have become the most intuitive embodiment of this change. Most technology-driven projects often take years to achieve their roadmap goals, while the market has lost patience in waiting and trust. This has created an opportunity for Meme coins to attract liquidity through short-term wealth effects.

2. Meme coins force technology projects to undergo self-reform. The past model, which relied on financing valuations, technical packaging, and conceptual piling, has become unsustainable. Technology projects are forced to return to substantive results, as investors have already experienced the advantages of "simplicity and clear returns" in Meme coins, and no longer accept projects that are "technically complex but have long-term lack of actual delivery."

3. Meme coins have expanded the boundaries and foundation of the entire market. No matter how advanced the technology projects are, they can only attract a small elite group, while mass adoption requires an interactive approach that is simple, easy to understand, and can quickly form consensus. When a large number of ordinary users enter the market due to Meme coins, a portion of them will inevitably delve deeper into the ecosystem, bringing an unprecedented incremental user base to the technology projects and solving the long-standing dilemma of "no one cares" for these projects.

4. The Meme craze will not span the entire market cycle, but the market vitality it releases will benefit most of the Crypto Assets ecosystem. The nature of profit-seeking capital determines that Meme coins cannot continuously generate wealth effects. When most people experience the duality of short-term wealth and zeroing out, they will naturally seek more balanced investment targets. At that time, technology projects that truly solve practical problems, establish user stickiness, and have a clear business model will welcome valuation reconstruction and complete the transformation from concept to value.

5. Meme coins have completely reshaped the traditional token model characterized by high valuation and low liquidity. The dominant financing model in the past created a distorted market structure of "high valuation, low liquidity," which led to a general decline after token generation events, leaving almost no space for ordinary investors to hold coins for appreciation. In contrast, despite the higher risks, Meme coins have revitalized the market with their transparency, simplicity, and fair participation features, returning the market to a more equitable and transparent competitive environment.

Overall, the rise of Meme coins has not "destroyed" this market cycle; instead, it has accelerated the rapid evolution and maturation of the industry. It has forced technology projects to focus more on delivering real value, expanded market participation, and reshaped token economic models. Although this process is fraught with challenges, it has also created new opportunities for truly valuable projects.