Recent Memo Playbooks: 1. There are three types of Meme projects, one is high circulation (40% -), because the popularity of Founder/products has gathered consensus and reached a high level, such as today's Jelly Jelly and a few days ago Vine. The characteristic is that the first wave of surge is very high, the top ten addresses have a low market control rate, and the strongest heat can reach the speed of the AliExpress contract. Waiting for the contract to make the second wave, but no one makes the second wave, it begins to decline. Another type is high ratio control (80% -90%), with AI being the majority. The opening price will directly reach 10-20M, and then the circulation ratio will quickly reach 40-50M. The team will gradually sell and wash the address from this position, and once the washing is almost complete, they will release positive news and start the second wave to 100M. Later, we will see if we can enter the contract and decide whether to continue or continue washing the market if it falls. The best one is Buzz. The characteristic is that after the release, one wave follows another, and the market and sentiment need to be good at this stage. Both of these methods gained good popularity and Holder groups during the first wave of impact, but most of them were unable to access the AliExpress contract, so a third method emerged. The third method is to gain popularity through the first and second methods, and because it cannot sustain a drop below 20M, the team or Nonzhuang will look for the perspective of Binance contracts while buying at the bottom. The most classic is Swarms, followed by AVA and Pinnin. Because attracting and raising funds are both the responsibility of Zhuang (most likely the money in the contract is paid by Zhuang), it is highly likely that Zhuang will pour it into the contract. If the chip structure breaks down later, it will be difficult to break new highs. These three modes have been going on for a month and can be summarized as a game between Zhuang and Binance contracts, which is also the main reason why Binance contracts have been watered down one after another. From the perspective of valuation system, the logic of the first wave of 100M, breaking 100M, and the second wave of entering into contracts remains unchanged. Generally speaking, the more mature a workbook becomes, the more fragile it will become, because there will be problems in the terminal stage when there are too many imitators. We look forward to the emergence of new modes