Meme Practice Record on BSC Chain: The Journey from Retail Investor to "Practitioner"

Recently, the popularity of the BSC chain has been somewhat unusual. The once popular public chain known for low Gas fees and fast block times has now become a testing ground for Meme tokens. From old-totems like PEPE, DOGE, BONK to new projects with themes of cultivation, alchemy, and spiritual pets, the entire ecosystem’s gameplay has completely changed.

Interestingly, the mentality of participants is also shifting. People are no longer self-deprecating as “gamblers,” but instead see themselves as “cultivators,” regard tokens as “spiritual roots,” and holding tokens as “cultivation.” What is driving this change?

Why BSC

BSC has been criticized as the “cradle of altcoins,” but it is precisely this low barrier to entry that provides the soil for Meme coins to grow.

Minting a new coin only costs a few cents in Gas fees. This means project teams can rapidly test and iterate, and investors can participate early at extremely low costs. Without the heavy trial-and-error costs, creativity is actually unleashed.

BSC has a large user base and active communities. A meme image, a joke, or a retweet can quickly spread across the community. This dissemination effect plays a crucial role in the lifecycle of Meme coins. Plus, with influential KOLs amplifying the trend, a few hot funds pouring in can instantly boost the project’s popularity.

Cultivation-Style Meme Gameplay

The cleverest part of cultivation-style Meme is that it packages traditional cryptocurrency investment into a complete cultural system. Each project has its own narrative and social IP.

The most successful projects set clear “stages” for token holders:

Early Stage: When the project just launches and hype is still low, it’s the “foundation-building” phase. Participants here are usually true believers, with relatively concentrated holdings.

Growth Stage: The community becomes more active, content production increases, and topics gain traction. This is the “accumulation” phase, where many engage in sharing, commenting, and creating meme images.

Explosion Stage: The project gains popularity beyond its initial circle, ranks on major Meme leaderboards, and gets exposure on various DEX platforms. During this phase, new funds start pouring in.

Climax Stage: Hype reaches its peak, rumors of listing on mainstream CEXs emerge, or the project successfully gets listed. Prices are usually at relatively high levels then.

Adjustment Stage: Hype begins to fade, prices pull back, some investors cash out, while others remain optimistic.

Each stage comes with different risks and rewards. Early entrants enjoy larger profit margins but must endure more fluctuations; later entrants have more certainty but profit space is compressed.

Three Practical Tips

First, focus on the project’s cultural core rather than just its technology. Meme tokens generally lack technological innovation; the key is whether the IP can continue to generate content and attract attention. Can it form memes? Will people be willing to actively share? Can a community identity be built? These determine how far the project can go.

Second, community hype is the core indicator. Telegram member count, Discord activity, Twitter retweets—these are important references for gauging a project’s temperature. A project with many token holders and active discussions usually has stronger resilience and sustainability.

Third, manage risks carefully. Meme tokens are highly volatile—they can double in a short time or be cut in half instantly. Don’t put all eggs in one basket; set clear take-profit and stop-loss points for yourself. Many people lose profits because of greed, watching their gains evaporate in a sudden correction.

The Ecosystem Is Still Evolving

The Meme coin ecosystem on BSC is far from being finalized. New projects emerge every day, and new hot topics come up weekly. Some have made real profits by choosing the right timing, while others get caught chasing high and get trapped.

But whether earning or losing, participants seem to find a sense of belonging. In this uncertain market, a fun IP or an active community can sometimes be more attractive than any technical white paper.

Perhaps this is an interesting aspect of the cryptocurrency market—when technology becomes infrastructure, culture and belief become the most scarce resources.