When I saw myself in the 114514 community just starting to play with memecoins, still feeling fresh about the meme market and believing it would only go up and never down, I thought, maybe Japanese players are currently in this phase. When I saw it, the market cap had already reached 15M. In the past, the primary liquidity in the first-tier market was mainly dominated by Western players and the Chinese-speaking community, with Japanese players having consistently low participation, and almost no significant clustering effect forming. But if 114514 truly breaks out of its niche and successfully attracts the Japanese community to join, it would mean a whole new wave of incremental liquidity entering the market. Based on this judgment, I entered at the 16M level. Always DYOR.