Regarding the issue of liquidity fraud, it's not just empty talk - the on-chain data is there, and anyone can check it.

The most obvious signs? Multiple wallet addresses buying the same amount of tokens at the same time, and then collectively selling the same shares after a while. This uniform operation is clearly a script run by a bot. The transaction fees on the SOL and BSC chains are already pitifully low, making the cost of inflating volume almost zero.

Have you asked the project team to try the Ethereum mainnet or the Bitcoin network? The gas fees can be quite painful for them. That's why you rarely see those meme coins partying on the ETH and BTC chains—it's not that the technology isn't capable; it's just that the cost of executing transactions is too high, making it impossible to play this game.

The secondary market listing of spot trading can indeed attract retail investors to take over, but the risks are also significant: if there happens to be a lucky person who successfully ambushes at a low position, the project party might end up being trapped.

Ultimately, blockchain should not be blindly revered but rather approached with skepticism. Many projects are essentially beautifully packaged PPTs—think about those real estate giants that collapsed years ago; if they had turned their business plans into crypto white papers and issued tokens, they might have extended their lifespans for a few more years. After all, in this circle, the retail investors are always one batch after another.