The Development Dilemmas and Reflections of Chinese Meme Projects

Recently, I have been paying attention to the development dynamics of Chinese meme projects. As one of the hardest working and smartest nations in the world, the Chinese have shown remarkable strength in the cryptocurrency field. From exchange market shares to various tracks, the Chinese occupy an important position. However, in the realm of memes, which does not require advanced technology and tests human nature more, Chinese projects have repeatedly faced setbacks.

The Crash Incident of the ENTS Project

Recently, the ENTS project held a highly publicized live event. The project team promised to invest a significant amount of funds to boost the market, but the results were shocking. During the live broadcast, the project's token price experienced a rare plummet, completely deviating from the expected upward trend.

This event has sparked widespread discussion. Some question whether it was staged by the project team, while others believe that speculators who had been lying in wait took the opportunity to cash out. Regardless of the truth, the current performance of the ENTS project seems to have fallen into the old routine of Chinese projects: investors only care about short-term arbitrage, while ignoring long-term development.

The Rise and Fall of the 9527 Project

Another striking case is the 9527 project. The name itself contains rich cultural connotations, and with many rebellious and humorous elements incorporated into the project, it was once looked upon favorably. However, the development trajectory of the project has not been satisfactory.

In the early stages of the project, it did attract a number of supporters who genuinely loved this IP. However, the project team subsequently controlled a large amount of chips through decentralized holding methods and continuously sold off as the price rose. This practice severely undermined community confidence, ultimately leading the project into difficulties.

The Common Predicament of Chinese Meme Projects

Looking at Chinese meme projects, there hasn't been a truly successful case so far. This inevitably raises the question: is it because Chinese people lack financial support? Clearly not, as the early prosperity of Bitcoin and Ethereum largely benefited from the participation of Chinese investors.

So where might the problem lie? Is it possible that certain negative behaviors have affected the project's development? These are all worth contemplating.

bibi Project: A Ray of Hope?

Amid widespread disappointment with Chinese meme projects, the performance of the bibi community caught my attention. This project has been operating for nearly a year, having started its layout during the peak popularity of Pepe last year. Although its scale is not on par with top meme projects, it has performed quite well compared to other Chinese projects.

According to reports, the bibi project adopts a distribution method where all tokens are injected into the liquidity pool, which to some extent ensures the fairness of the project. The community atmosphere is also quite active, with members focusing more on the project itself rather than short-term price fluctuations, which is exactly the state that meme projects should have.

For those who still have hope for Chinese meme projects, bibi may be worth paying attention to. However, I also hope that investors who are overly focused on price and trading can exercise restraint and not disrupt the hard-won community atmosphere.

Finally, I would like to call on the BSC officials to pay more attention to and support those community projects that are truly working hard to build, rather than just chasing trends and data metrics. Only in this way can the BSC ecosystem truly achieve long-term development and establish a foothold in the intense competition of public chains.