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In this round of altcoin market, new MEME projects are piling up and rising, but a closer look reveals a phenomenon—those star projects from last year have long been neglected by the market.
The pace of MEME coins has become extremely fast. No one talks about faith anymore, nor about stories; it's basically a day-trading T+1 approach—enter quickly and arbitrage out fast. It looks lively, but this rapid circulation of funds can't support any major trend.
The ones that can truly break out into stable main upward waves still depend on the performance of mainstream coins like Ethereum. You'll find that as long as ETH is sideways or lacks a clear direction, institutional funds are on high alert and won't participate in the altcoin rally on a large scale. Without the support of big capital, even the hottest MEME coins can only fluctuate rapidly, making it difficult to form a trend that is both steady and aggressive.