Why do some projects hit the top immediately after launch? The fundamental difference between VC coins and meme coins is not in popularity, but in who runs first.

Projects financed by VCs generally face this dilemma: financing institutions are not long-term holders. They need to realize returns and cash out within a certain period. This means that at the moment of project launch or listing, there is naturally enormous selling pressure—large unlocks, institutional cash-outs, early investors reducing their positions... The process is like a conveyor belt.

Industry insiders compare this to traditional market IPOs: many listed financings essentially become a channel for VC institutions to "exit." This is not an absolute phenomenon, but it is quite common. Retail investors often buy in under FOMO, unaware that they are actually connecting to the institutions' selling points.

In contrast, meme coins: lacking VC backing means no large unlock schedules and no institutional cash-out pressure. Although risks still exist, at least they won't be broken through by pre-arranged selling pressure.

Sincere advice for retail investors: be cautious of projects with high financing rounds and large funding amounts at initial launch. Pay attention to token circulation and unlock plans. Funds rushing in quickly often also exit quickly.