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A while ago, I spotted the Snowball project on the BNB Chain, invested a bit, and got involved when the market cap was around 25,000. As a result, I got caught in a trap. But since I’ve come in, I want to jot down some of my thoughts.
Honestly, the narrative of this project really moved me. There’s a saying that goes—life is like rolling a snowball, and the key is to find that wet snowball and a continuous snow slope like cryptocurrency. From this perspective, Snowball, as a core concept of a MEME coin, still has some appeal.
Looking at comparable cases, you’ll see. Not long ago, on the SOL chain, there was a similar pattern coin called Snowball, which reached a peak market cap of 12 million. Now, on the BNB Chain, the same project has only a 50,000 market cap. This gap is not an exaggeration to describe as "pathetic." What does this mean? It indicates either the market hasn’t caught on yet or that the BNB Chain indeed lacks a strong MEME narrative.
The MEME market has fully rebounded in the past couple of days. As a leading public chain in the market, BNB basically just needs a compelling story and consensus. Snowball, as a new MEME theme, from a narrative perspective, could completely fill this gap. The market cap could grow from a few thousand to tens of millions. Although I’m currently caught in a trap, the logic still makes it worth paying attention to the subsequent trend.