The entire market is basically one giant game theory experiment. Think about it. When you buy a meme, you’re not really just asking “is this coin good?” You’re asking: Do I think other people will buy this? Do they think even more people will buy after them? Will the current holders stick around if it dips? Will people actually contribute when things get boring? And most importantly, does everyone believe everyone else is going to keep playing the game? That’s why two coins with basically the same setup can have completely different outcomes. One community has 10,000 holders who post, make memes, raid, host spaces, bring in friends and genuinely believe the thing can get bigger. Another has 10,000 holders sitting around waiting for someone else to pump their bags. Same number of holders. Completely different game. It also explains why memes can become so reflexive. People think others are going to buy → they buy → price goes up → attention increases → more people think others are going to buy → they buy too. And obviously it works just as violently in reverse. People think others are about to sell → they sell first → price drops → everyone else gets scared → they sell → suddenly the thing everyone was afraid of becomes reality. Even whales are part of the game. A whale owns 5% and everyone starts worrying he might dump. People sell because they think the whale will sell. The whale sees people selling because they think he’ll sell and now thinks maybe he should actually sell. The dude didn't even have to dump to move the market 😂 This is also why lore and community matter way more than people realize. A good meme gives thousands of strangers something to coordinate around. Now holding isn't only about number going up. People are making content, building reputation, making friends, competing, having fun and becoming part of the joke. The stronger that shared belief becomes, the stronger the coordination can become. And I think that's really what separates some of the biggest memes from the thousands that die. Memecoins aren't just speculation. They're coordination games played in public, with money attached. The real question isn't always: “Will this go up?” Sometimes the better question is: “What does everyone believe everyone else believes?” Because once enough people act on the same belief, that belief can start creating its own reality.