Many people judge a meme coin’s value by wallet addresses. But here’s the problem: most of them are bots. Real network value lives in the social layer: How many real people post original content on X. Whether there’s remixing and interaction. Whether the meme spreads beyond crypto. When these signals appear, it means real user growth. And by Metcalfe’s Law: Network Value ≈ n² (n = real users). That’s the true logic behind meme coin explosions.(memewizd)