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Looking at BTC at the 93,000 level, it has started a correction again, which is quite normal. But have you noticed that yesterday, the 114514 coin plummeted by 90%? Its market cap shrank from over 50 million to just 3 million. Friends who chased the high are probably really trapped badly.
This is the true picture of the MEME coin market. Even relatively well-known coins like PEPE and BONK haven't been spared, both dropping around 10%. Why? Because new coins lack fundamental support and rely solely on sentiment and liquidity. As soon as there is a slight disturbance, funds immediately flee.
I have to be honest, if you're a beginner, you're easily led by FOMO and chase the highs, which can easily get you trapped in the end. The market is very tempting, but there are many traps. Instead of blindly following the trend, it's better to learn how to identify risks and understand when to enter and when to exit. MEME coins do have opportunities, but only if you know what you're playing with.