There's a feeling that the MEME track this year is basically coming to an end.

The reasons are simple.

First, for the entire crypto industry, MEME has slowly become a negative asset.

Nowadays, when people hear MEME, their first reaction isn't opportunity, but rather token flooding, harvesting retail investors, pure emotional hype.

In the end, many famous figures and institutions have started deliberately distancing themselves from crypto, because MEME has been dragging the entire industry's image further down.

Second, for ordinary people, MEME is already far from being a life-changing opportunity.

Those who actually make big money are always the same few people. What most people can get is just some small profits from being second in line, the rest basically depends entirely on luck, occasionally hitting a high-multiple coin.

The problem is, this kind of money is not something ordinary people can consistently earn. Most of the time it's just coming in to take the bag.

Third, most exchanges are now moving toward compliance.

Under this general direction, future requirements and barriers for MEME coins will only get higher, there's no way it can continue like before with random trading and random listings.

Once the barriers go up, MEME's biggest imaginative space is actually cut off, and the ceiling naturally gets lower and lower.

Fourth, that batch of celebrities issuing coins and harvesting has already destroyed the credibility of this track.

When issuing coins, each one is more lively than the last, but in the end basically all end in disaster. People outside the circle will only become more convinced of one thing: crypto is fraud.

Once this impression is cemented, it will be hard for any future narrative or talk of the future to make people believe again.

Finally, some of my own thoughts.

MEME has now increasingly become a tool for a fixed driver, a handful of lottery winners, and exchanges together to harvest the market.

The driver sets the rhythm, the few are responsible for the wealth myth, exchanges act as the casino taking rake, everyone gets what they need, and those who ultimately pay are the ordinary people coming in later.

But exchanges themselves are clear in their minds that MEME is ultimately just a chamber pot.

Take it out when it's useful, throw it away immediately when it's not.

Once the market sees a new track, new narrative, new liquidity exit, MEME will quickly be abandoned.

So my judgment is, there will definitely be a major shift this year. Let's wait and see.