Meme coin sentiment is a highly explosive and fragile collective psychological phenomenon in the cryptocurrency market, driven primarily by the combined resonance of social media viral spread and celebrity effects. Taking Trump ($TRUMP) and Musk-related coins as examples, short-term speculation can cause prices to skyrocket a thousand times in a single day, but accompanied by liquidity exhaustion or scandal exposure (such as the 90% crash of Libra promoted by the Argentine president within 48 hours), market sentiment quickly reverses, revealing the essence of meme coins' "emotional pricing". The current market shows polarization: on one hand, leading meme coins like DOGE and BONK maintain relative stability by relying on mature communities; on the other hand, new projects like BTCBULL attempt to reconstruct value consensus through presale narratives and multi-chain ecosystem expansion. This emotional game is essentially a range-bound tug-of-war between short-term speculative demand and long-term value anchoring. Data from 2025 shows that meme coin trading volume accounts for 30%, but over half of the projects approach drop to zero due to liquidity traps, warning investors to remain rational amidst the frenzy and be wary of the risk of emotional bubble bursts.