I heard that FOLKS has dropped to just over $4, and I’m still having a hard time processing it. I remember back when I was playing around with it, the price was always around 42U per token, and many in the community were even shouting that it could reach 100U. Just a few days later, the decline is so outrageous?

Watching this wave of decline, I started to think about the future of PIPPIN. Honestly, these kinds of projects are essentially meme coins. Looking at the real-life example of FOLKS, the drop was really brutal. If FOLKS can plunge like this, currencies like PIPPIN will eventually follow. They are not fundamentally different from projects like MYX — lacking real value support, they are ultimately destined to go to zero.

Looking back, my previous strategy of shorting FOLKS still made me a good profit. But this also reminds me that meme coins are a very risky game, with extreme volatility. One wrong move can easily lead to a trap. There are too many similar tokens, like PIPPIN and MYX, which all raise questions. The market is re-pricing, and those projects lacking fundamentals really carry a high risk.