The market evolution of the memecoin craze is quite interesting. Initially led by a few institutional players, retail investors gradually got involved. As participation increased, market dynamics changed significantly — the washout efforts became unprecedentedly fierce, and volatility sharply expanded. What does this mean? Quietly positioning or bottom-fishing has become quite difficult. The intense market fluctuations directly increase the difficulty of buying low and also add psychological pressure to holding positions. This is a true reflection of the current memecoin market.