Has the MEME coin market really reached its peak? This question has been especially hotly debated recently.

Many people have given very definite answers: the MEME market is over and it won't rise again. But my view is completely the opposite—the issue with MEME coin is not whether it will exist, but when it will reappear.

Many people are unaware of a fact: MEME coin has never been a consistently stable market form. It is essentially a highly cyclical thing.

When does a cycle appear? It often requires several conditions to be met simultaneously: liquidity has been released, the mainstream narrative is no longer believed, and the general public's desire for "get-rich-quick opportunities" has been suppressed for too long. Technical innovation? In fact, it is not the main driving force.

This is not a phenomenon unique to cryptocurrency. A look back at history makes it clear—from the tulip mania of the 17th century, to the internet bubble of the early 21st century, and now to today's MEME coin craze, it is essentially the same aspect of human nature manifesting in different eras.

Why do ordinary people remain attracted to MEME coin? The answer is very realistic:

In today's society, opportunities for ordinary people that allow for real participation, have low barriers to entry, and provide room for competition are rapidly diminishing. Real estate? The barrier is too high. Stocks? The information gap is too large. Entrepreneurship? The cost of failure is too high.

The MEME coin is exactly the opposite. What are its characteristics? Low threshold, simple rules, intuitive win-loss logic, and at least in the early stages, it provided ordinary people with a relatively fair starting line. This is the fundamental reason why it attracts people time and again.

So the issue with MEME coin is not about extinction, but rather about a cycle of reincarnation. When will the next cycle arrive? It depends on when market liquidity, mainstream consensus, and people's psychological expectations align again.