Behind the BSC meme tokens carnival: Who is getting rich, and who is catching a falling knife?

Recently, the BSC chain is simply on fire.

The土狗 project is everywhere, and stories of getting rich quick are flooding social media every day. Buy a coin casually before bed, and wake up to find a few more zeros in your account—this myth is being played out in major groups. Screenshots of “making a fortune” are everywhere, as if money is lying on the ground waiting for someone to pick it up. Countless people have given up on researching fundamentals, no longer paying attention to the secondary market, with only one thought in their minds: to mine the next hundred-fold coin.

But have you ever thought about a question?

The money you earn, whose money is it that is lost?

This market has always followed the 80/20 rule. There is no fairy tale where everyone makes money. Those profit screenshots that flood the screen are either from early movers' insider trading or they only show profits without disclosing losses. Why? Because these stories are needed. They are needed to continuously attract new retail investors.

Smart money has left long ago

When retail investors are still dreaming of “financial freedom,” the truly smart money has already quietly exited.

They will not continue to grab dogs on the chain, but will instead transfer most of the funds back to the secondary market - to position themselves in those mainline assets with deeper liquidity and stronger certainty, such as BTC and ETH. They might leave a little spare change to continue playing, but the core positions have long been withdrawn.

By the time retail investors realize that their “golden dog” has turned into a “dead dog”, it is often already the end of the market trend when they try to chase mainstream coins. Those who got in early and relied on the “wealth creation myth” have already swapped their chips for Bitcoin and Ethereum.

Who is the real winner?

Organizations, KOLs, Scientists.

The process is roughly as follows:

Institutions collaborate with a bunch of KOLs to issue tokens. They watch the movements of big players to ride the hype, and they can issue hundreds in a day, possibly all backed by the same group. As soon as one catches the trend, KOLs swarm in—buying for themselves first, then tweeting to promote it. Scientists use tools to front-run, followed closely by retail investors.

By the time you see it, the increase has at least been 100 times.

Those who enter the market early might be able to reap some rewards, while later entrants are basically just supporting the rats' nests. Don't even mention “fair launch”—when an ordinary person launches a token, even if they ride the hype, without KOLs to promote it, nobody pays attention.

Of course, some retail investors did make a little profit along the way. But the project team isn't afraid of you making money once; what they're afraid of is that you won't keep playing. Retail investors often make a little profit and then lose everything in the next project. In the end, you realize: after playing with institutions for so long, all your money has turned into Bitcoin and Ethereum in someone else's wallet, while the tokens you've been holding have long gone to zero.

The script of this game

To be honest, the overall logic is quite clear.

A leading exchange acts as a market maker, holding the most platform tokens, first driving up the price to create a hotspot, making the ecosystem the focus of attention; then teaming up with KOLs to create the myth of getting rich quickly with low investments—stories of turning a few thousand into millions spread across the internet, attracting more people into the market with dreams; KOLs collectively praise and hype, creating the illusion that “everyone can get rich.”

At the same time, those who were well-prepared quietly offloaded their funds at high positions, steadily passing the baton to the last entrants.

Therefore, as a retail investor, if you neither have advanced technology nor reliable insider information, it's best not to touch these things.

Wealth does not rely on getting rich overnight

Those who truly move towards freedom often go through several rounds of bull and bear market trials. They accumulate in volatility and hold firm at low points. Mainstream assets like Bitcoin and Ethereum are the tools that can carry wealth over the long term.

All in on the土狗? It's better to take a shortcut and invest in assets with real value.

A native dog may earn some pocket money, but the myth of “tenfold or hundredfold” wealth belongs only to a very few. More people will end up losing everything in this game. Even if one does make some money by luck, if the wealth is not matched by ability, it will eventually be lost back through skill.

At present, the wealth creation myth of BSC has reached its climax. Those who are taking over may be lining up.

Once this wave of土狗 frenzy passes, the market's focus will likely return to the mainstream. The next phase of the market may not be in BSC, but in Bitcoin and Ethereum.

I can't advise everyone not to play - after all, blocking someone's financial path is like killing their parents.

I only hope that everyone doesn't get carried away and doesn't lose their mind. Staying clear-headed is more important than anything.