ANSEM has stabilized at 100m, but there is a significant divergence in the market.

It is obvious that the market has been drained.

The market is shakily seeking consensus.

This is the most real state on-chain today.

On one side, ANSEM's main trading volume is booming, with a market cap surpassing 100 million dollars, resembling a towering barbecue stall suddenly appearing in a night market, with the lights on, causing the neighboring stalls selling fried noodles, grilled sausages, and traditional remedies to fall silent.

On the other side, many small projects are starting to bleed.

It’s not that all projects have suddenly faltered, but rather that the attention has been diverted.

There is only so much money on-chain, and only so much attention from people.

When a project becomes the market's focal point, it acts like a large exhaust fan in a hot pot restaurant, sucking the flames of the smaller stoves from next door, making them flicker.

Thus, you will see a very contradictory phenomenon:

The stronger ANSEM gets, the more anxious many people become.

Because it proves that the Meme market is still alive, but also proves that the market can currently only support one core narrative.

This is why there is such a great divergence.

Bullish people believe:

This is the anchor point for a new round of Meme consensus, a signal for the market to find a main storyline again.

Bearish people think:

This is just a giant liquidity-sucking pump, draining the liquidity dry, leaving a mess behind.

I think both sides are not entirely wrong.

The Meme market has never been voted on in meetings.

There is not consensus first, then price.

Often, the price is hard stuck there first, and then the market starts to complain and analyze:

"Why can it be so high?"

"Did I not understand?"

"Has the way of playing changed?"

"Is it that everyone is not convinced but has already started voting with their hands?"

This is what we call the market advancing amidst doubt.

The real danger is not having divergence.

The real danger is when everyone has no divergence, leaving only one sentence:

"Brothers, charge."

During such times, it is usually not consensus; it is that the street vendors selling medicine have already started packing up and fleeing.

The interesting thing about ANSEM now is that it is not a comfortable project.

It is too fast.

Too much of a bloodsucker.

Too easily makes people think, "What right does this thing have?"

And too easily makes those who missed out explode with their mentality.

But precisely this discomfort indicates that it is performing a function:

Helping the market test whether today's Memes have a backbone.

If it cannot hold on, then it is a large liquidity stress test.

If it can stand firm after repeated fluctuations, then it could become the price coordinate for this round of Memes.

All new projects henceforth will take it as a reference:

Does it have equally strong propagation symbols?

Is there similarly much trading attention?

Is there a similar sense of conflict that makes people both complain and watch?

Does it have the ability to transform from "temporary excitement" to "ongoing discussion"?

This is the key point.

It is not about how ANSEM will definitely turn out.

But rather, it has pulled the market back from "everyone is very bored" to "everyone is starting to argue."

What the chain fears most is not arguing.

What the chain fears most is silence.

In silence, money is like electric vehicles parked in an underground garage, all neatly arranged, but no one dares to ride.

When arguing begins, at least it indicates that someone has started to engage.

So today the market seems very fragmented:

A core project is holding the flag above.

A bunch of small projects are oxygen-deprived below.

Veteran players complain verbally but keep an eye on the market.

New players don’t understand, but know that the excitement has returned.

This does not mean the bull market has returned.

This is the market starting to find its source of fire again.

Next, I will focus on three things:

First, can ANSEM stabilize liquidity and holder sentiment after high trading volume?

Surging up is not difficult; the challenge is not to transform into fireworks at a turn.

Second, will the bloodsucked small projects start to recover?

If only one project is active, it is called a solo performance.

If surrounding narratives also begin to warm up, then it indicates that the market truly has diffusion.

Third, will the market replicate new strong symbols?

The Meme season is not supported by one coin, but rather by a group of people starting to believe "this way of playing can make money again."

So my current judgment is quite simple:

Meme has not fully returned yet.

But it indeed does not seem as lifeless as it did some time ago.

The market now resembles a person just waking up, with messy hair, an unwashed face, still cursing, but already starting to head to the kitchen.

As for whether it is to make breakfast or to rummage through the fridge for leftovers, the next few days will be crucial.

ANSEM stabilizing at 100m is not a conclusion.

It is more like a question:

Is the market in its last wave huddling together for warmth,

or is it reigniting?

Currently, no one can pound the table to declare the answer.

But one thing is very clear:

When the market begins to doubt, trade, argue, and continue to move forward all at once,

the scent of the Meme season has already wafted out from the crack of the kitchen door.

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