Why does Meme Coin herald the end of a bull market cycle Meme coins mark the final stage of the cryptocurrency bull market as they reflect a shift from rational investing to frenzy. At this point, any fundamental factors give way to emotions (primarily greed). Meme tokens, which usually have almost no practical value, begin to dominate trading volume simply because they are popular on social media or supported by the community. From a historical perspective, this pattern has repeatedly occurred during every major uptrend. In 2017, it was low-quality initial coin offerings (ICOs) without products. In the second half of 2021, SHIB surged 1200% in the second wave of cryptocurrency gains and began to decline at the end of October. There was a two-week gap before Bitcoin began to decline in early November, so this is a good warning for all investors. Every time a new cryptocurrency boom emerges, it is accompanied by excessive participation from retail investors and a sharp decline in Bitcoin's dominant position, ultimately leading to a sharp drop in market prices. The Meme coin in the past cryptocurrency boom has attracted the latest wave of liquidity, which often comes from inexperienced investors seeking quick profits, indicating that the market has overheated. conclusion The trend of cryptocurrencies exhibits cyclical changes, which largely depend on the flow of funds from high market value projects to low market value projects. Although it is not possible to accurately predict the top and bottom, understanding the structure of bull market cycles based on human psychology will help you find the best entry and exit timing in the cryptocurrency market. Pay attention to the flow of funds, identify trends and signs of frenzy, and always develop a profit taking plan.