Is the meme coin frenzy really coming in early 2026? The market's answer right now is a bit complicated.

Recently, the on-chain dog-piling trend has been dominating headlines, especially within the BNB ecosystem, with new meme coin projects launching almost daily, creating a lively atmosphere. But behind this, there's a hidden mismatch: the narrative temperature is rising, while actual funds are cooling down.

A prominent figure recently spoke bluntly on social media: "Don't blindly buy based on my random tweets." His exact words were, "I'm not against meme coins, but if you treat every tweet I post as a buy signal, especially going all-in on new projects just launched, you're basically guaranteed to lose money. I just tweet normally; sometimes I say things that aren't even that funny, and most of the time, I don't even have meme coins in mind."

As soon as he said that, the market immediately cooled off a bit.

**Dual Cooling Signals: On-Chain and Macro**

Digital data indeed gives hope: at the start of 2026, the total market cap of meme coins increased by about $10 billion, indicating that capital is spreading from top meme coins to the broader market. But looking deeper, whale wallets have already begun to quietly withdraw, with open interest and funding rates declining simultaneously, signaling that speculative heat is rapidly cooling.

On the macro front, regulatory expectations for digital assets are easing, and the SEC has removed related products from its risk list. Sounds good, right? But the actual institutional capital is still mainly concentrated in mainstream assets like $BTC, $ETH, and RWA sectors; highly volatile meme coins haven't received much allocation. The end result of regulatory easing is "capital seeking stable returns," not "reckless chasing of high-risk assets."

**Market Divergence: Twitter is Hot, Wallets Are Cold**

Community discussions are lively, exchange listings are frequent, and tweet interactions are active—all pointing to a hot market. But what about genuine buying interest? Whales are quietly exiting, and institutional investors are on the sidelines.

This is the most dangerous moment. When narrative temperature and capital flow diverge significantly, retail investors are usually the last to stand firm. Rushing in based on a single tweet or listing announcement has a very low success rate.

Instead of blindly following the trend, learn to read on-chain signals: continuously observe whale wallet movements, changes in open interest, and funding rate trends—these will tell you the real market temperature. Meme coins can be participated in, but never treat them as a quick path to wealth, nor take any random tweet as a trading instruction. The market is always a battlefield testing cognition and risk management.

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