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The core principle of MEME coins is not actually technology, but rather emotion and consensus. They often have no real applications, no complex smart contracts, and sometimes even the teams are anonymous. The main source of value comes from the speed of dissemination on social platforms, the popularity of meme culture, and the continuous creation of 'attention' by the community. As long as people are willing to buy, the price can be driven up by emotions; once the heat decreases, the price plummets like a deflated balloon. In this model, MEME coins are essentially akin to 'traffic speculative products.' Early investors rely on later buyers, with funds mainly circulating within the community, making price fluctuations heavily dependent on public psychology. More dangerously, many projects exploit this by using pre-mining, locked funds, contract backdoors, and other methods to suddenly crash and cash out at the peak, causing irreparable losses. Warning: MEME coins can be a form of entertainment participation, but they are absolutely not a 'guaranteed profit' tool. Any asset based on emotion rather than value requires extreme caution. Do not be deceived by the illusion of skyrocketing prices, and do not lose your judgment amidst community celebrations. The heat you pursue may also become a signal for others to harvest.
Bitcoin Transfer Linked to Silk Road Wallets Totals $3.14 Million According to Foresight News, data from Arkham reveals that approximately 312 wallets associated with the now-defunct dark web marketplace Silk Road transferred Bitcoin valued at $3.14 million to an address starting with 'bc1q' eight hours ago. Currently, wallets linked to Silk Road still hold around $41.3 million worth of Bitcoin. #BTC $BTC
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