Can what we’re trading now still be called meme coins?

The “1011” crash was so sudden that by morning, everyone’s attention was drawn to the turmoil in the market. However, as prices quickly rebounded—especially with $BNB hitting new highs—the BSC meme coin sector remained active. While BSC meme coin discussions are no longer the hottest topic, they still deserve further thought.

Is the BSC Meme Coin Market Rational?

Many believe this BSC meme coin rally is a “manufactured bull market” orchestrated by Binance as part of its business strategy.

Speculation mainly revolves around tweets from CZ and He Yi, plus Binance Alpha and the listing of contracts and spot trading on Binance’s main platform, which drives short-term price surges. It’s hard to say this BSC meme coin cycle occurred “organically.”

But irrational speculation doesn’t mean the market is unreasonable. Whether it’s the surge of Indonesian creator Ghozali’s selfie NFTs three years ago, the inscription craze with new protocols and chains emerging daily two years ago, or last year’s GenZ Quant Rug meme coin market cap exceeding $100 million, chasing explosive returns through irrational speculation is driven by rational motives—participating in short-term competitive trading and believing that large investors will drive prices higher.

Is this a good thing?

Are Meme Coins Changing—for Better or Worse?

Murad’s “meme coin supercycle” talk in 2024 sparked discussion. He believes the best meme coins offer more than most altcoins—they provide fun, reduce loneliness, build identity, and achieve what DAOs were meant to: resonance, emotional connection, mission, meaning, entertainment, happiness, charity, storytelling, and legend-building.

A standout meme coin must endure over time. Murad says it takes at least seven to eight months to build conviction and survive at least two 70% drops. The best meme coins have a core mission and purpose, with communities united by strong cultural or identity bonds, undeterred by challenges, and committed to long-term goals.

Of course, some say creating a meme and then turning it into a token makes a “meme coin.” This BSC meme coin cycle is like quickly shifting trends—today it’s life, tomorrow customer service, the next day fantasy. Like influencers, they capitalize on popularity to book deals or monetize, which isn’t necessarily wrong.

Many share these views: “I’m here to make money; I don’t care what meme coins should be, as long as I profit.” “Building is pointless—building just means recruiting the next bagholder.”

Since long-term operation is demanding, meme coins that seem worthless are no longer just emotional gambles—they now have metrics that can measure quality. Such metrics are essential for the long-term development of the meme coin market. Only when these standards, like profit in stocks, are widely accepted can retail investors gain what they want most—fairness.

With a consensus-based evaluation system—if you think it’s good, I think it’s good, everyone agrees—then the dominance of KOLs over market narratives can truly be reduced. Otherwise, insider info, launch rigging, and KOL-led groups will continue to let resource-rich players benefit at the expense of retail investors.

Is the BSC Meme Coin Market Good or Bad?

For retail investors, volatility means opportunity. Whether making money or losing in the BSC meme coin sector, overall, it brings liquidity—a market where “everyone feels they need to participate” is better than one so stagnant it’s dead.

We don’t know Binance’s real intention in leading this meme coin cycle, but we hope they can do better and play a more positive role.

For example, after the initial wild growth phase, Binance could closely observe and support meme coins that commit to long-term ecosystem building.

Or, create better incentive programs for creators to keep creative, long-term builders motivated.

Every chain—Ethereum, Solana, and others—has gone through a period of rapid growth. Maybe BSC just needs more time.

Conclusion

Meme coins can go a long way—far enough for young people to profit from cultural intuition and taste, far enough to have real-world impact beyond speculation, and far enough to become a genuine part of young people’s lives or even a way of living.

Meme coins can also die quickly. That’s part of reality—maybe some meme coins are disposable, fast-paced gambles. But if we accept this without question, we’ll just watch the sector become a wasteland.

If this industry and market have truly benefited you and changed your life, maybe starting today, each of us can genuinely hope for a better market.

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