Market liquidity is shrinking significantly, and a bear market is inevitable. Altcoins are heavily in debt, investors are exiting, MEME coins have lost their significance and have become a game of existing assets. The role of exchanges is threatened by new products, and project teams and builders are facing severe challenges. The entire industry urgently needs a comprehensive reboot through technological innovation.

The market has shifted to a bear market, liquidity has been drained, and altcoins are affected by heavy debt, causing developers and holders to exit. MEME coins have failed to deliver long-term value, and exchanges face threats from innovative platforms. Builders and venture capital firms are experiencing massive bankruptcies, exacerbating industry imbalance, and the revival of the crypto world relies on technological innovation.

The current Meme coin market across three chains shows a divided ecosystem. Ethereum's high Gas fees lead to elitism and a cool perception, while Solana becomes an experimental field due to low transaction fees and high trading frequency, but it has technical stability issues. BSC attracts emerging market small investors with low costs and flexibility, gradually rising and forming a complete ecosystem, with the potential to nurture billion-dollar projects in the future.

Immortal cultivation? Alchemy? Meme culture on the BSC chain has already played new tricks
Have you noticed that the BSC chain has been a bit different in the past two years? The public chain that was once criticized as a "hotbed of copycat coins" has now become the headquarters of Meme tokens. From classic IPs like $PEPE, $DOGE, $BONK to various new "cultivation" and "alchemy" style Memes appearing on the chain, the entire ecosystem's tone has completely changed.
Investors are no longer just speculators but are beginning to view these projects with a "cultivation" mindset. Tokens have become "spiritual roots," and trading has become "practice." It sounds a bit fantastical, but it truly reflects the current community's real thoughts.
Why has BSC become the main battleground for Meme?
In simple terms, it's all about timing, geography, and human factors. First, the gas fees are embarrassingly low—creating a new coin costs only a few cents. New projects emerge endlessly, with low risk, allowing for trial and error.

In May 2021, a token with a Shiba Inu avatar suddenly jumped into the top ten of the cryptocurrency market cap rankings. This thing was born in 2013, originally as a complete joke, but it ended up becoming a multi-billion dollar entity.
Many people were confused: what exactly makes this thing valuable?
The answer is actually hidden in every meme you share, in the barrage of "To the Moon" comments, and even more so in the holders who spontaneously create memes, spread them, and stubbornly support it.
Today, let's talk about why the value code of Meme coins isn't in the technical white paper but in your and my social networks.
How did a joke survive?
The story begins in 2013. Programmers Billy Markus and Jackson Palmer teamed up to create something— they wanted to satirize the speculative frenzy in the crypto world at the time, so they used the most popular Shiba Inu meme online to...

The article discusses the current difficulties in the cryptocurrency market, pointing out that the market has entered a bear market, with insufficient liquidity. Altcoins and MEME coins struggle to support long-term value, CEXs face competitive pressure, and project teams find it difficult to redeem themselves. The author emphasizes the need for technological innovation to reorganize the industry and restore market vitality.

The market has entered a bear phase, liquidity has bottomed out, altcoins are under heavy pressure, MEME coins lack technical support, exchanges are in decline, and projects are facing difficulties. Only through genuine on-chain innovation can the crypto industry be revitalized.

The two most asked-about projects lately—$PING and $PAYAI—are getting some really subtle reactions from the market.
One is a MEME coin that suddenly announced it's launching a Launchpad; the other is a utility token that's doing some migration and pool-switching operations. At first glance, players on both sides seem panicked. Aren’t MEME coins supposed to just play on hype? Why does a utility token look like it’s about to rug?
Honestly, in this market, nobody feels confident. But if you think calmly, the moves these two projects are making actually make a lot of sense.
Why the fuss?
The Achilles’ heel of MEME coins is obvious—they rely entirely on consensus and hype, with no sustainable way to generate value. Once the hype dies, they're basically done. As for technical tool projects like Facilitator? Their ceiling is low, and the tech barriers aren’t high—they can easily get copied or replaced.
So you see, $PING and $PAYAI both currently lack a