Let's present the facts:
Against the backdrop of new coins crashing, narrative liquidation, and comprehensive defense of funds:
‘Binance Life’ +13%, market cap 136 million.
‘Hakimi’ +20%, market cap 35 million.
‘Vulgar Penguin’ ‘Customer Service Xiao He’ rise synchronously.
And a very important point is:
👉 Only the Chinese Meme on the BSC chain is rising.
Other memes are mostly declining.
This is not a random phenomenon.
One, first give the conclusion: this is 'emotional capital migration,' not 'return of risk appetite.'
If risk appetite really returns, what will you see?
ETH, SOL strong.
New coin rebound.
Star projects are recovering.
Shanzhai diffusion.
But the reality is:
ETH ETF is still flowing out.
New coins are still being cut.
Institutions only buy BTC.
No one is taking on narrative assets.
In this context, the money went to Meme, what does it indicate?
👉 It's not about wanting to take on risk.
But rather want to 'temporarily escape from narrative and logic.'
Two, why BSC? Why 'Chinese Meme'? This is the core.
This step is very important.
① BSC = the 'lowest understanding cost zone' of the current market.
At this stage:
DeFi is too slow.
AI is too illusory.
RWA is too far.
ETFs are too complex.
And the characteristics of BSC Meme are:
Logic is extremely simple.
The cost is extremely low.
Low entry barrier.
No need to believe for three years.
👉 Suitable for funds that 'do not want to think deeply but also do not want to exit.'
② Chinese Meme = emotional consensus, not value consensus.
Pay attention to these names:
Binance life.
Hakimi.
Customer Service Xiao He.
Vulgar Penguin.
Their common point is:
👉 It’s not about technology, it's not about the roadmap, but about 'in-circle emotional memes.'
This has a very clear function in the bear market:
When people no longer believe in long-term narratives,
Will revert to 'punchlines' and 'resonance.'
Three, why did it happen precisely at the 'Binance system upgrade' time point?
This detail is very crucial.
Binance system upgrade + coding test, essentially a signal:
Attention returns to BSC.
On-chain activity temporarily increases.
Transaction friction decreases.
But it has not brought new liquidity.
So money can only do one thing:
👉 Find a place in the existing funds that is 'the best to speculate, the fastest to move, and the easiest to explain.'
Chinese Meme just happens to satisfy:
BSC native.
Community is familiar.
Low liquidity.
Rapid rise.
Four, this is fundamentally the same as the 'new coins and star projects plummeting.'
You must understand this correlation:
New coins / star projects.
Need to explain the future.
Requires patient funding.
Need long-term acceptance.
Chinese Meme.
Does not promise the future.
Not discussing technology.
Not afraid of liquidation logic.
In summary:
👉 When the market is unwilling to pay for the 'future,'
Will choose to pay for 'current emotions.'
This is not a return of risk appetite.
But rather the degradation of risk appetite.
Five, put this message into your 'bear market end structure.'
The structure of your current bear market has actually completely closed the loop:
1️⃣ Institutions → Defense (BTC ETF)
2️⃣ Old money → Complete cycle (ETH liquidation).
3️⃣ Growth narrative → Being downgraded (new coins crashing)
4️⃣ Product supply → Oversupply (ETP will be liquidated)
5️⃣ Retail sentiment → Reverting to Meme (Chinese Meme against the trend)
This is a very typical phase signal:
👉 The market has entered a state of 'no middle layer.'
Upper level: defensive assets.
Lower level: pure emotional assets.
Middle: value narrative has been hollowed out.
Six, why say: this step is instead the 'maturation period' of the slow bear?
Because only under this kind of state will it happen:
Large funds do not tell stories.
Medium funds lack direction.
Small funds play with emotions.
And it's very important to note:
👉 This kind of Meme trend is often 'local, short-term, and replaceable.'
It does not diffuse, does not relay, does not conduct.
This means:
Will not trigger a full market surge.
It will not crash immediately.
It's just helping the market 'consume the last part of emotional energy.'
Seven, give you an 'ultimate judgment' to distinguish true and false opportunities.
You can use this sentence to judge when you see similar market conditions:
If what rises is 'something that needs no explanation,'
That is not a bull market.
But the market has become too lazy to explain.
The rise of Chinese Meme on BSC against the trend.
Not a reversal signal.
But rather a very clear footnote:
👉 When long-term narratives become ineffective,
Emotions will revert to the most primitive and lowest cost expression.
The final nail in the coffin.
The final stage of this bear market.
Will not be 'everyone in despair.'
But rather:
Some people are going to defend.
Some people go to play memes.
And the real 'value discussion' has temporarily disappeared.
Chinese Meme on BSC is rising against the trend.
It's not hope.
But rather—
The slow bear has entered an 'emotion self-rescue period' ironclad evidence.
