VT Live Streaming Failure: A Discussion on the Development Dilemmas of Chinese Meme Projects

Recently, I have been closely following the development trends of Chinese meme projects. As one of the hardest working and smartest nations in the world, the performance of Chinese people in the cryptocurrency field is remarkable. We not only tackle cutting-edge technical challenges and explore the most remote markets, but we also hold 90% of the market share in the fiercely competitive cryptocurrency exchange industry. However, in the meme project type, which is less reliant on technology and diligence but tests human nature more, the Chinese community seems to have yet to achieve breakthrough success.

VT Live Event Review

Last night, VT hosted a highly anticipated live event. For those who are unaware of the background, let me give a brief introduction: VT is the initiator of the $ENTS project, which initially established a liquidity pool using 3000 BNB and promised to use the remaining funds for market support. Before the live broadcast, VT stated that they would invest 10,000 BNB to boost the market.

I have always believed that $ENTS is a highly potential meme project for the following reasons:

1. A large trading platform may need a flagship meme project to enhance the visibility of its public chain.
2. The influence of Chinese people in the crypto space is enormous. If they cannot even succeed with their own meme project, it will be a huge regret.
3. VT participates in project operations with real-name verification, and the previous community has already undergone market testing.

However, the results of last night's live broadcast were surprising. What should have been an event to boost the market turned into a sharp decline. The rapid and uniform reaction from the market made one wonder if there was any premeditation involved. In the aftermath, various speculations emerged; some believed it was a meticulously planned scheme, while others suspected that well-prepared funds were waiting for the right moment to sell.

Regardless of the truth, the current performance of $ENTS still seems unable to break away from the inherent pattern of Chinese projects: investors are more focused on short-term arbitrage rather than long-term development.

The Common Dilemma of Chinese Meme Projects

Looking back at the highly关注ed 9527 project from last month, its name itself contains rich cultural connotations and humorous elements, originally considered to be a highly promising meme token. However, the price trend of this project showed severe fluctuations and eventually fell into trouble.

According to analysis, the project did attract many genuine supporters who truly love this IP in its early stages. However, subsequently, some speculators controlled about 40% of the circulating chips through decentralized holdings and sold off in large quantities when the price rose, severely undermining market confidence.

In addition, there have been frequent incidents of project teams running away within the crypto community, further damaging investors' trust in Chinese meme projects.

A New Hope?

While feeling disappointed about the prospects of Chinese meme projects, I noticed some positive signals from the bibi community. This project has been operating for nearly a year, starting during last year's pepe craze. Although it is not as large as the leading meme projects, its performance is relatively stable compared to other Chinese projects.

It is understood that the bibi token adopts a liquidity-in-pool issuance method, which guarantees fairness to some extent. After observing the community for a night and sorting through historical records, I found that the atmosphere in this community is relaxed and pleasant, and the discussions are not limited to price fluctuations, embodying a strong meme spirit.

For investors who have lost confidence in Chinese meme projects, it might be worth paying attention to the bibi community. Of course, whether to participate in the investment requires careful consideration, and most importantly, do not disrupt the original good atmosphere of the community.

Conclusion

The development path of Chinese meme projects is still full of challenges. We look forward to seeing more projects that focus on long-term development and value community culture emerge. At the same time, we also call on relevant public chain platforms to provide more support to projects that are genuinely working to build communities, rather than just focusing on short-term hotspots and data metrics. Only in this way can we truly enhance the competitiveness of the public chain ecosystem and catch up with or even surpass other well-known public chain platforms.