Andrew Kang, co-founder of Mechanism Capital, wrote on X platform that Meme coins have become the focus of global speculative liquidity. Compared to traditional equity, Meme coins are now easily accessible to global users. This is why the rise of Dogecoin exceeds the rise in Gamestop stock prices. In the previous cycle, the total market value of Meme coins reached 100 billion US dollars, and the market value peak of each cycle usually has multiple growth. In addition to retail investors, HWN traders and hedge funds are gradually entering the market, and there is still a long way to go in the future.