During a bull market FOMO period, you can doubt the pure meme valuation is too high, but absolutely do not get on board those "product projects" that claim to have applications, value, teams, and endorsements, unless this project is very good at creating memes and understands the original community-driven demands.

In the previous cycle, memes were criticized as baseless, and it was believed to be a tactic to lower one's expectations. Institutions such as ALAMEDA, Maotai, A16Z, and 3AC were listed, but looking back, there wasn't even a shining moment. Those who entered were the ones who got buried.

Once again, it is emphasized that MEME is the ultimate attribute of every project: the team, product, narrative, endorsement, price performance, and events are all to strengthen this meme, which is the so-called first, second, and third dragon.

The project itself is the catalyst for memes, and only with memes can it infect and spread.

Those who cannot see a clear meme in the project are all funeral processions.

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