There are indeed noteworthy operational cases in the MEME coin market. Taking a certain Japanese MEME project as an example, it started with a market cap of 18 million and peaked at 50 million. However, large holders chose to increase their positions against the trend rather than reduce them, even enduring significant losses when the market cap dropped to 8 million and holding on. This strategy becomes even more extreme when the market cap fell below 1 million—most investors would choose to cut losses, but these holders' behavior suggests there may be deeper market logic at play.

Due to the liquidity characteristics of MEME coins, their prices often fluctuate wildly, but the trading actions of large funds usually reflect their expectations regarding the project's fundamentals or future gains. Monitoring the accumulation behavior of these whale wallets in low-market-cap tokens can provide risk insights for other investors. Although this investor ultimately exited after enduring losses, their continuous accumulation at the bottom is worth studying—it's crucial to understand the decision-making logic behind it rather than simply following the trend. Tracking high-net-worth addresses' activities in emerging MEME projects may reveal some market opportunities.