The paradox is that despite knowing that there is nothing behind this token, there are still speculators who have rushed in to buy without hesitation, pushing the price to the top, and no one thinks that they will be the last to take over. 42569dZM Photo Credit: TradingView After gm went online on November 9, it rose more than 100 times on the 12th, but the current price is only one-third of the highest point. A few days later, gm plummeted by 60% within the day,
just like every meme coin that fell from the altar popular database in the past. Meme culture There is a story behind each meme coin. Through the narrative logic behind it and the hot topics of current affairs, this meme can be widely disseminated, and then there is a greater community consensus. For example, Dogecoin is a mockery of Bitcoin; Shiba Inucoin is the breed of Tesla boss Elon Musk's pet; Squid Game coin is a hot spot in the album Squid Game. In this way, gm can also be regarded as a symbol of defending the currency circle culture. In the traditional world,
people will buy albums of favorite singers, souvenirs of favorite teams, and stocks of companies with the same idea to show support because of their personal value preferences; with the development of the encrypted world, people will increasingly pay for the token The meaning behind it and the concept of the community behind it pays the bill, and meme gradually moves from the entertainment level to a higher belief level.