Not long ago, I saw Shen Yu say: Wealthy people can speculate. Those with little money cannot speculate. Those with no money must speculate!

Today, I saw Teacher Da Yu's logic, and it actually made me reflect on the past. Most of the older generation's accumulation of A6-A9 should have happened around 2016-2017, during the craziest time for ICOs. Back then, as long as you grabbed a quota and had some celebrity endorsements, like Li Xiaolai, Bao Er Ye, Xue Manzi, etc., exchanges were basically offering 10x as a baseline, with 50-100x being common. Those who experienced that time should have had sleepless nights; it was much crazier than the current meme market. That was probably the best time period for ordinary people to make a comeback.

Next came 2020-2021, when the most insane thing was DEFI mining. Various groups stayed up late to mine, with some mines yielding tens of thousands of percent in annual returns, recouping costs in just a few hours. Initially, you could mine for a week, but it gradually shortened, and eventually, you could only mine for a few hours before it collapsed. But this kind of madness also created the second batch of A6-A9 legends. Later, with NFTs and GAMEFI, the costs were relatively higher, lacking the exorbitant profits of DEFI mining.

Now, with the MEME craze, the essence is the same; it has once again given ordinary people a third chance to make a comeback. Just think about it: finding a doubling coin in the secondary market is incredibly difficult. When Bitcoin rises, altcoins remain stagnant; when Bitcoin slightly drops, altcoins crash. But MEME still has tenfold or even hundredfold opportunities. This phenomenon is extremely similar to previous early waves of enthusiasm. This is essentially a good thing; whether it's ICOs, DEFI mining, or the current MEME craze, they all represent a preheating period before a true bull market arrives, warming up funds, traffic, and the market. Then the market unfolds magnificently, which is a common characteristic of bull markets. So those who are stuck in altcoins right now need not worry too much; altcoins may be delayed, but they will not be absent.

Continuing to discuss this round of MEME craze, risk and reward are proportional. The market always has the 28 or 19 rule, which is the law of the jungle, an inevitable result. But the essence is that there are methods and techniques.

Let me share our thought process: smart money + narrative.

We analyzed the previous two rounds and this round of MEME craze, and its essence is essentially a Ponzi scheme. Ponzi in finance is not a derogatory term; it is more of a neutral term. It depends on how one views it, just like what Soros said in "The Alchemy of Finance": 'The history of the world economy is a continuous drama based on illusions and lies. To gain wealth, the method is to recognize the illusion, invest in it, and then exit the game before the illusion is recognized by the public.'

Looking back at ICOs and DEFI mining, isn't it the same?! The essence is that later generations take over from earlier ones, and the latter gets buried on the beach. Many financial tools and products today have the same essence, such as social security funds. So do not feel repulsed or biased against this; actively embrace it and exit the game before the illusion is recognized by the public. This is key.

So recognizing this, one will understand that the essence of MEME is also a game of funds. The earliest participants attract more players through appealing narratives, pass the baton, and retreat as early as possible at the last moment of the baton handover.

The question arises: how to become one of the earliest participants? You must believe that any matter or grand story has its schemers and stakeholders. Just like when you know a national policy message, very few people will selflessly refrain from revealing it to their children and relatives. The principle is the same; funds will always take precedence over news, entering the market a step ahead. Moreover, when it comes to buying coins, not promoting it is quite inappropriate.

Smart money is crucial; it essentially represents a resource and driving force behind it. It could be someone who knows an insider secret, a KOL with influence, or someone with a resource background. Everyone's fundamental demand is the same: profit, high multiples of profit.

Tracking smart money, monitoring the density and proportion of smart money in the top 100 addresses, and tracking the size and frequency of net inflows of smart money are essential. However, currently, many smart money players typically play for three days or a week before changing wallets, which makes tracking smart money connections and grid scanning more challenging. Tracking smart money is essentially a data analysis technical task; whoever masters this will be able to dominate the MEME market.

The second aspect is narrative. This is thinking from a communication perspective. This is also my personal experience; back in 2015, Li Keqiang called for nationwide innovation and entrepreneurship. A compelling story could easily raise over a million RMB with a business plan; if you had a prestigious school background, tens of millions would be simple. The most outrageous example is LeEco's Jia Yueting, who created a car with a PowerPoint presentation, claiming ecological transformation. Many people have heard of it; the billion-dollar LeEco made many people rich in the stock market.

A MEME narrative is also crucial; the logic and appeal of the narrative directly determine the project's ceiling. Whether we look at #GOAT, #BAN, or #LUCE, they all follow this logic. Here, uniqueness and primacy are particularly emphasized.

GOAT is the first attempt of AI Agent in the MEME space.

BAN is the first RWA MEME combining art and Web2. #LUCE is the first MEME combining religion and the second dimension.

I am particularly willing to pay for such firsts or grand narratives in a new field because, from a communication perspective, the quality of a story depends on several factors: audience resonance, unique perspective, conciseness and power, universality and depth, authenticity and credibility, curiosity and novelty. The combination of 'first + cross-border integration' often has good market recognition and communicative power. This is also a key factor in attracting funds!

I hope our thoughts on memes will be of some help to your meme speculation. Grateful 🙏 Finally, my introduction includes my TG; feel free to connect!

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