Memecoins essentially function as prediction markets on attention. It's a fascinating dynamic of the current crypto market.

Every meme coin that emerges actually represents a bet on the attention factor. Investors are not betting so much on technological utility as on a project's ability to capture and sustain collective interest.

This mechanism reveals something profound about market cycles: value concentrates where attention converges. In a space where thousands of tokens compete for visibility, the one that generates viral buzz captures the flows. It's a market of pure expectations.

Of course, this dynamic carries its risks. But it is not without economic logic. It simply reflects a reality of the crypto market: attention and capital are now intrinsically linked.