#美国非农就业数据未达市场预期 Logic of Chinese Meme Coins Driven by Community

Recently, Chinese memes like "Is it dead?" have been flooding social media and crypto circles frequently. The tactics behind this are worth unpacking.

This isn't something that suddenly appeared, but rather a collective projection of uncertainty in the digital age. When highly structured systems leave people feeling powerless, they express anxiety through ironic and exaggerated linguistic symbols. These memes go viral precisely because they are open enough—everyone can project their own emotions onto them.

In the crypto world, things become interesting. Chinese meme coins and traditional crypto projects are completely different things. They don't rely on technology or applications, only on community consensus and cultural tension. The core driver of value generation is the propagation power and emotional contagion of the meme itself. "Is it dead?" becomes an ideal narrative vehicle precisely because it's absurd enough, controversial enough, and capable of sparking discussion.

However, this model also harbors major risks. Price fluctuations follow sentiment hype and policy winds completely, with virtually zero fundamental support. Most Chinese meme coins have short lifespans—when hype fades, the coin dies.

From a broader perspective, the emergence of Chinese meme coins reveals a phenomenon: the crypto market is evolving into a "social emotion pricing mechanism." It not only reflects capital flows but also mirrors the digital society's collective imagination about power, institutions, and the future. The emergence of this market form deserves serious consideration from all participants.