Don't overinterpret the so-called narrative logic of veteran Meme coins; the value attribution of this rhetoric can also be set aside for now.

The real situation is— as long as large funds send out a slight signal, those veteran players who have made money before will flock in. Why? Because they have tasted success and have a natural emotional attachment and psychological recognition for these veteran coins. This deep emotional resonance can make them willingly pour real money to support the market.

And when newcomers see this scene, they will also follow suit and form the same emotional connection, thereby participating.

This is the essence of liquidity— the invisible collective impression and emotional recognition are the hidden hands driving the market. The reason Pepe and similar old coins can repeatedly rally is because of this.