I recently looked at a Meme project with no profile picture, no story, and no clear development direction. The few explanations available are vague, and they can't clarify things like the burning mechanism.

The problems don't stop there. In the early stages of the project, the Top 10 wallet concentration was close to 50%, and the transaction tax was as high as 5%. Even more concerning, this kind of market cap can be flagged as risky in some security checks, and many wallets outright refuse to trade.

However, despite such a poor market cap, some people still jumped in at 5000 or 7000, ultimately making a huge profit.

This made me think—what exactly has Meme coins become now?

Is it just hype trading? But these coins can't even tell a reliable story, so where does the emotional value come from? Is it just market speculation? But with all the risk warnings, why do people still rush in recklessly? Are they driven by conspiracy theories? Or are they just following the trend?

Perhaps the answer is simple—throw some dice, take a chance, and if you make money, so be it. Risk? Just make money first.