Looking at the Meme coins that have survived over the past few years, you can see the pattern—it's not just about the community getting the joke. The real factor that sustains popularity and market cap is continuous Web2 traffic influx. Only then can new users be consistently attracted.

The problem lies here: if the veterans in the circle didn't seize this Meme early on, by the time it reaches a certain size and they want to get in, the liquidity is there, but the cost of buying in is already vastly different. Later entrants generally won't throw money in at this price level.

This is why, over the past few years, some once-hot Meme coins have gradually faded from the spotlight. Without fresh blood and ongoing Web2 dissemination, their lifespan is greatly shortened. The harsh reality of the market is just like that.