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The performance of Chinese meme coins on the BNB chain illustrates one issue: genuine buying interest and community cohesion are the fundamental supports.
Recently, I experienced this firsthand. The apocalyptic narrative of a certain Chinese meme coin directly ignited various communities, creating a scene akin to "a gathering of talents," with news flying everywhere.
From observation, Chinese meme coins are gradually finding their own rhythm and lifecycle. They have identified a specific target audience, who share a common cultural understanding. They don't need to guess the true meaning of certain abbreviations every day, forming a relatively stable consensus foundation. This precise sense of community identity is exactly what can sustain ongoing popularity.