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Oh my god, the rebound of Meme coins is so fierce🚀 I was still debating yesterday whether to buy the dip, and today I see PEPE has risen 65%, Dogecoin and Shiba Inu are also up over 20%, and trading volume has skyrocketed from 2.1 billion to 8.7 billion, a 300% increase???
I originally thought Meme coins were just a gambling game, but I didn't expect there to be such a deep logic behind this rebound—it's said to be a sign of market risk appetite warming up, indicating that people are starting to have the courage to invest again. Even crazier, some say if this trend of Meme coins continues strongly, funds might flow into other tokens in the Solana ecosystem...
The entire crypto market is rising, Bitcoin has broken 93,000, Ethereum is approaching 3,200, and wow, global stock markets, gold, and US stock futures are all taking off too. Is this really a market shift? Or just a short-term emotional fluctuation?
Can someone explain why Meme coins can represent market sentiment? It feels like this logic is very key, and I want to understand the investment principles behind it.