Why do 90% of meme coins fail? Is early chip monopoly really a manifestation of decentralization?

【Crypto Rhythm】Recently, a phenomenon that has sparked much discussion in the crypto community—the concentration of holdings among early participants like P Little and others in meme coins—has gained a new interpretive perspective.

Some believe this is actually a manifestation of decentralization. Early investors bear greater risks, and later buyers are making choices based on their own research, each acting independently. From this perspective, there’s no need for third-party intervention.

But how far can this view go?

Ultimately, very few meme coins survive. The industry generally believes that the failure rate of meme coins exceeds 90%. This is nothing new; it’s mainly because most projects lack genuine support. A good meme coin needs a compelling story, historical accumulation, and genuine community recognition. Only such projects can be considered valuable. Conversely, projects that follow trends often fade away quickly.

The key is that investors must be responsible for their own decisions. Those who blindly follow the crowd or hope for quick doubling are often the ones who get cut last. The game rules of meme coins are this brutal—think carefully before entering whether you can withstand losses.