2026-01-02 03:23:10

Thoughts on the Investment Logic of Meme Coins

Recently, I noticed an interesting phenomenon. In the ecosystem of meme coins with a face value of USD 1, it seems that many people share a common understanding—only projects favored by top-tier capital have the potential to break through the ceiling.

But here’s the question: when you look at those viral meme coins, is their success really entirely dependent on institutional backing? It doesn’t seem so. Many of the most popular projects are actually completely decentralized, without celebrity endorsements.

This is a bit awkward. On one hand, the market pursues this kind of endorsement and recognition; on the other hand, it casually expects support from some big figures. But if it does so, doesn’t that dilute the original gene of meme coins—bottom-up community-driven and anti-authority? What’s the essential difference between that and waiting for a "saint" to respond?

It seems to have lost the original meaning of the meme movement—the true decentralization and community self-organization. What do you all think about this? Should we stick to community consensus as king, or does the backing of capital in reality really change the game?

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just_another_wallet

· 16h ago

To be honest, this question is quite pointed, but I think you're overthinking it. Capital and community are not mutually exclusive; both are needed. The truly explosive coins are those with enough buzz and a fierce community. Whether capital comes or not is actually a secondary matter. However, institutional endorsement is sometimes just a psychological effect, giving people confidence. Community consensus is the real hard currency; capital is just adding fuel to the fire. Don't be hijacked by the "anti-authority" mindset; if there's money to be made, go ahead and make it. Frankly, who cares about the underlying philosophy as long as it can pump.

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MoneyBurnerSociety

· 16h ago

Haha, isn't this just the story I learned the hard way from my blood, sweat, and tears... Waiting for institutions vs waiting for the community, both ended up losing everything. By the time we sought endorsement, we had already taken the plunge. Now we regret and say we want decentralization—this is truly the daily routine of us professional leek farmers. To put it simply, making money from meme coins has never been about ideology; it's just a race to see who can run faster than the other. Community consensus? The most consensus I've seen is when everyone gets liquidated together.

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GasFeeCrier

· 16h ago

Basically, this is the contradiction between faith and profit—everyone wants to make money.

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LiquidatorFlash

· 16h ago

Wait a minute, I need to do some calculations... Projects without institutional backing are actually booming, what does that indicate? Risk control thresholds are basically ignored. Once market fluctuations trigger chain liquidation, how high can the liquidation rate go? That's what I care about. Community consensus sounds good, but once the collateralization ratio becomes unbalanced, no one can save it.

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GasFeeLady

· 16h ago

honestly the whole "need big money to moon" narrative is just cope for people who fomo'd too late... watched gwei prices spike while everyone was jerking off over some vc's tweet that never even materialized lmao

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