Through observations during this cycle, we can reflect back: the bull market arrived earlier in late 2023, driven by the surge in inscriptions, which brought substantial liquidity. At that time, the bear market had persisted for two years, compounded by pandemic-related economic slowdowns, the collapse of Luna and FTX, leaving sentiment consistently low. Idle capital had nowhere to go, thus sparking a market rally.
Similarly, in 2024, with positive catalysts such as Musk's Mars, Banana, Vitalik's Mondeng, and Trump's election victory, the meme coin market surged ahead of the mainstream, peaking after the Trump and Pump token launches, draining the last remaining liquidity. It wasn't until October 2025, when market makers, institutions, and retail leveraged positions were fully unwound, that the market entered the current bear phase.
The most exciting aspect of blockchain has always been:
1️⃣ The creation of new assets,
2️⃣ New ways of issuing assets!
Inscriptions are like that, and Solana is too. Initially, the East didn't understand Solana's memes, just as the West didn't grasp inscriptions. But fundamentally, they represent grassroots Web3 user consensus and resistance—people striving to reshape the narrative around asset issuance and redefine how assets are played.
However, in the later stages of inscriptions, many began using scripts to manipulate the market, leaving retail investors unable to compete. By the time Solana memes reached their peak, they had become institutionalized, orchestrated, bot-driven, and speed-run dominated—leaving no room for individual retail participants.
When BSC's liquidity soared, everyone started learning Chinese; when liquidity evaporated, people began blaming socialism? Fundamentally, both are meme platforms. Solana users got wiped out without even knowing who was behind it, and BSC also suffers from manipulated pools and speed runs—but at least there are a few transparent, identifiable projects, avoiding total collapse, right?
When memes exploded on Solana, didn't we also adopt foreign internet slang? When Chinese memes rise, foreigners learning them isn't a problem—what's local is global.
Ultimately, retail investors are all the same, human nature is universal, and culture and belief are artificially divided. I've actually participated in many Western Spaces, and asked users and KOLs why they like memes? They genuinely answered: 'It's just fun!' So memes are borderless, beyond judgment, rapidly popular and fleeting, with no need for justification—DYOR! What do you think?#Strategy增持比特币 $BNB
You should never open a long position during a pump in a memecoin, especially in coins like $JELLYJELLY . Look at its previous pattern—whenever it created a new all-time high, it dumped badly like a waterfall right after. So, whenever it comes to trading memecoins, just wait for a good opportunity to open a short position. $JELLYJELLY Becareful, be cautious,,,