Looking at this wave of market activity, the meme coin market is filled with deep trapped positions, which is quite heartbreaking. To put it simply, the key to unlocking these positions still depends on the influx of new funds, but the current situation is—everyone is waiting for others to take the plunge. This deadlock is indeed hard to break.

Interestingly, during the 2022 downtrend, when the bearish voices peaked, it actually became a turning point for the bulls. The market has a kind of contrarian magic.

However, rather than wasting effort guessing who will come to rescue the market, it's better to ask a more fundamental question: how much intrinsic support do these meme coin projects themselves still have? Honestly, many projects have long since drained their substantive value, relying purely on market sentiment to stay afloat. Under such a foundation, even if the market turns around, it won't go far.

So, the current strategic approach needs to be adjusted—survival is more urgent than quick profits. Whether choosing coins or managing risks, this should be the top priority.