Recently, the entire crypto market's excitement over the past 8 hours has been absorbed by a popular Meme coin. The ripple effect has caused the entire Meme sector to become restless, with speculation and hype from communities filling the screens everywhere. Some enthusiasts are passionately shouting that a pullback is a buying opportunity at the bottom, while others are crying over stories of being forced to liquidate after buying at high levels—stories of being caught in forced liquidations en masse. Short-term volatility is indeed fierce, and many have suffered losses.

This coin hasn't officially launched trading yet; currently, it's in a chaotic price discovery phase with extremely large fluctuations. When it first went live, trading volume surged dramatically. Recently, local ecosystem funds have been pouring money into bottom-fishing, which can temporarily boost market enthusiasm and trading activity. But there's a hidden concern—this week, a major exchange experienced nearly 1.2 billion USDT in net outflows, directly reducing leverage and liquidity in the perpetual markets. Although large-scale cascade liquidations haven't appeared yet, in such volatile conditions, the risk of liquidation for high-leverage positions is alarmingly high. Those aggressively long now are having a tough time.

In terms of market performance, this coin is currently swinging between 0.15 and 0.18 cents, having previously surged past the 0.2-cent mark, showing high short-term elasticity. Honestly, the old meme coin playbook is high volatility, high risk, high reward paired with low liquidity—that's unavoidable. I advise everyone not to be blinded by FOMO; chasing rallies and selling on dips is the fastest way to lose money. Stop-loss orders should be set, positions should be controlled, and using limit orders is much safer than blindly sweeping with market orders. With the market so volatile, it's better to stay cautious.