From Meme Mania to Market Whiplash

The “马年” meme coin wave, including tokens like $我踏马来了

我踏马来了USDT

Διην.

0.011914

-6.69%

, is a textbook example of narrative-driven liquidity. Price action wasn’t anchored in fundamentals—it was fueled by velocity: social momentum, speculative rotation, and the anticipation of exchange catalysts.

When positioning builds around expectation rather than delivery, the unwind can be just as aggressive as the markup. Once listing rumors fade or festival hype fails to convert into real catalysts, liquidity thins and late entries become exit liquidity.

In meme markets, sentiment is the chart. Volatility is not noise—it’s the structure. Smart traders don’t chase the story; they trade the flow, manage risk tightly, and respect how fast momentum can flip from euphoria to distribution.