Meme coins act as a real-time market sentiment indicator. The pecking order tells you everything: first come the established plays with strong fundamentals and wide exchange listings. Once those rally, capital flows into mid-tier altcoins seeking leverage. But here's the tell—when retail money starts chasing basement-level pump schemes with minimal liquidity, that's when the rotation has gotten crowded. It's a crowded trade at that point, and the cycle usually needs a reset.