Recently, the Meme coin HNUT on the Solana chain surged 700% in a single day, with a market capitalization surpassing over $50 million and ranking among the top three in trading volume. This wave of market activity has indeed attracted considerable attention. However, a careful analysis reveals that this crazy increase is essentially driven by emotions and market speculation—nothing different from previous animal coins or meme tokens. It lacks genuine value support and is merely a game of hot potato.

In the short term, such rapid surges will indeed attract more funds into the small-cap coin sector, potentially triggering follow-the-leader trends in other projects, and market enthusiasm will rise significantly. But warning signs have already emerged. On-chain data shows several unhealthy signals: signs of wash trading, MEV batch transactions, and obvious RUG risk characteristics. This indicates that some participants may have already been lurking and positioning themselves, waiting for the right moment to take profits and exit. Once a collapse occurs, retail investors who follow the trend will suffer the heaviest losses, and in the long run, it will weaken the overall market confidence in Solana’s small-cap tokens, leading to more intense volatility.

In the face of this situation, participants should maintain clear judgment:

First, never let FOMO emotions control you. Only participate with disposable funds that you can afford to lose, so even if it goes to zero, it won’t affect your life.

Second, diversify your risk exposure. Don’t put all your chips into Meme coins; although mainstream tokens may offer lower returns, they are significantly more stable.

Finally, do thorough research before acting. Check on-chain data, transaction structures, and holding distributions instead of blindly jumping in based on news. Opportunities are plentiful, but whether you can preserve your principal is the key to long-term survival. After all, only by safeguarding your chips can you have the chance to come out on top in the end.