Some observations about recent MEME coin activity. Researchers tracked several highly connected wallet accounts and found that over the course of more than half a year, these wallets issued nearly ten thousand different MEME tokens. They profited over $1 million from this process — importantly, this isn’t just a one-time pump and dump, but dozens of times a day.

The scheme is simple but highly effective. These accounts are equipped with automation programs that directly monitor the social media activity of certain key figures. Once specific keywords are detected, the program immediately triggers the token issuance process. What’s the result? 99.9% of these tokens eventually go to zero, while the remaining 0.1% occasionally see a surge, but this rise essentially creates opportunities for the next wave of buyers.

This phenomenon reflects deep-rooted issues in the current MEME coin market: abundant liquidity, low entry barriers, and regulatory vacuum. Participants need to understand the real logic behind the large number of new tokens and how this high-frequency token issuance pattern impacts market order.