When it comes to the situation of Meme coins on mainstream exchanges, the problem is actually right in front of us.

What is the most painful reality? Meme coins almost have no chance to enter the Alpha+Perp ecosystem of top-tier exchanges unless they are a project officially endorsed by the authorities. This is not a matter of luck; it’s a systemic issue.

Why is this happening? Just look at the listing logic of top exchanges to understand. Their core KPI is simply: **no mistakes**. The combined efforts of research teams and listing departments focus heavily on stability. And what about Meme coins? Essentially, they are high-risk, high-volatility assets with error rates far exceeding those of projects supported by institutions.

In comparison, coins backed by well-known VCs are much more favored. Institutional endorsement means risk is controllable and fundamentals are solid—precisely what exchanges look for in their review process.

Therefore, for Meme coins to break into the mainstream, they first need to find their position within the ecosystem. Relying solely on community popularity is not enough.