The core logic of competition in the Web3 track is shifting.

In the past, everyone was fighting for liquidity, but now the true winners are competing for attention. This is a fundamental difference.

Meme tokens have become the infrastructure of internet attention. Their cleverness lies in — not creating new culture out of thin air, but reassembling, tagging, and structuring existing online culture. This starting point is much smarter.

While most projects are still burning money to fight for liquidity, Meme tokens win community attention and cultural recognition in the most direct way. This reflects a deeper change: in an era of scarce attention, whether to evoke resonance and a sense of participation is more important than the depth of trading pairs alone. This has enlightening implications for the design of entire Web3 products.