I actually haven't participated in memes for quite a long time.

The original author of this article is Bruce, a well-known figure in the mining circle.

Before studying this topic, let's recap which memes have reached a market value of 10 billion dollars in history. There are only two: $DOGE and $SHIB.

These two coins have a few common points:
1. Neither project was founded by Chinese people, which is crucial.
The founder of Doge is @BillyM2k, an American; the founder of Shib is a Japanese person using the pseudonym Ryoshi.

Why can't it be a project founded by Chinese people?
It's not that our Eastern power is inadequate; in fact, Eastern power is very capable, very damn capable.
Whether it's #Bitcoin or #Ethereum, they were both propelled by Eastern power in their early stages. Even now, first and second-tier mainstream crypto exchanges began to grow significantly in mainland regions. Even today, Chinese users still constitute the mainstream in many exchanges, and this is supported by data.