The carnival in the crypto world driven by traffic often comes quickly and leaves just as fast.

The recent incident is a textbook-level market lesson. A high-level tweet triggered a chain reaction that directly fueled a meme coin’s疯狂 surge. Under the influence of public opinion and influencers’ promotion, retail investors’ FOMO sentiment exploded, and large funds seized the opportunity to hype and pump.

A certain meme coin on the BSC chain became the star of this carnival. In just 3 hours, its market cap went from zero to 10 million USD, reaching a peak of even 27.8 million USD. The community was full of sharing screenshots of gains from "single coin A7," with some directly shouting "Go all-in for financial freedom." The bubble kept expanding with the boost of traffic, seemingly without a ceiling in sight.

Then, suddenly, it reversed. Influencers deleted their posts, triggering panic. The market instantly crashed, with the market cap plummeting to 4 million USD, a drop of over 77%. Just a second ago, everyone was cheering, and the next second, despair took over — the group chat’s slogan changed from "Go all-in for financial freedom" to a chorus of wails. Some lost over 90%, while others were cursing. All of this happened within just a few hours.

This is the true picture of meme coins. High returns are indeed attractive, but the hidden high risks are often overlooked. Celebrity effects can accelerate wealth creation or be tools to trap investors. Market participants need to understand that rational thinking and risk awareness are equally crucial. Staying calm and not being swept away by emotions is the way to survive longer in such volatile markets.