Recently, the crypto assets market has witnessed an astonishing carnival. The big pump of MEMECOIN has not only injected new vitality into the Solana ecosystem but has also acted as a mirror reflecting the speculative nature of the entire crypto assets industry. This phenomenon has sparked deep reflection on the health and sustainability of the market.

In this wave of enthusiasm, Solana has become one of the biggest beneficiaries. The success of MEMECOIN has brought unprecedented attention to the Solana chain, attracting a large influx of investors, developers, and hot money. This phenomenon can be likened to opening a global virtual nightclub within the Solana ecosystem, with MEMECOIN being the most dazzling focal point, drawing everyone's gaze.

However, can this short-term boom be sustained? Historical experience suggests that similar frenzies are often difficult to maintain in the long term. Last year's case of the BONK token driving the rise in Solana's price has striking similarities to the current situation. While this cyclical frenzy can boost market sentiment in the short term, it also exposes the vulnerabilities of the crypto assets market.

With the success of MEMECOIN, there is a noticeable 'FOMO' (fear of missing out) mentality in the market. Investors are eager to find the 'next MEMECOIN', whether on the Solana chain or other public chains like Base, Ton, etc. This behavior pattern reflects the speculative nature of the market, while also containing significant risks.

Although this craze may continue in the short term, investors need to stay clear-headed. Beneath the frenzy, risks are accumulating silently. The real winners may only focus on the growth of their account balances, but rational participants should realize that this rapidly expanding bubble could burst at any moment.

Overall, the big pump phenomenon of MEMECOIN is not just a simple market fluctuation; it profoundly reflects the current state and potential issues of the Crypto Assets market. While enjoying this carnival, we should think about how to build a healthier and more sustainable Crypto Assets ecosystem.