1. This meme itself is quite popular, not only in the crypto community but also because this year is the Year of the Horse, which naturally lends itself to puns. Combined with Chinese cultural context, this asset has: Chinese elements + Year of the Horse + wordplay puns +++ most importantly, it was promoted by the main traffic driver — a top influencer posted about it, and it was featured on Binance Alpha.

2. The clear opportunity emerged after Binance Alpha featured this meme, sparking widespread backlash. However, this criticism was directed at Binance and its leadership, not the meme itself.

Ironically, this backlash actually boosted the meme's visibility; it also indicates that those who are complaining likely don’t hold any tokens and won’t dump. Therefore, their criticism has no real impact on the asset.

4. Furthermore, the negative comments from many KOLs will inevitably bring massive traffic. This exposure introduces the asset to a large audience. Among them, some may hold tokens, but the majority don’t (since the market cap was still relatively low at the time).

The motivations of these KOLs are limited to two: either they have no holdings and are just venting due to recent losses, or they want others to sell so they can buy at a lower price.

5. Looking further: among the massive traffic, a small portion may sell out of fear (FUD). As a result, the price initially corrected — dropping from around 5M to about 3.6M.

6. However, the token’s distribution is healthy — there were no suspicious addresses accumulating large positions ahead of time to manipulate or dump the price.

Therefore, once those selling due to FUD have exited, and with no malicious actors to cause a complete collapse, the price can recover. During this process, some buyers (like me) will step in, further driving the price upward.

7. As the price rises, more traffic comes in, fueling further price increases. This cycle continues until the current narrative reaches what people perceive as its peak valuation.

#我踏马来了 $我踏马来了