Recently, in the meme coin market, it's obvious that large-scale chips are being sold off. The trading volume is increasing, but the price isn't keeping up. This kind of signal is usually not very good. Instead of waiting for a rebound, it's better to proactively avoid risks.

But a more interesting question is—who are the real profit-makers behind these meme coins? It seems retail investors are quite enthusiastic about participating, but ultimately, where does the profit chain lead? Are the project teams, big players, or liquidity providers the ones benefiting from this wave of gains? This logical chain is becoming increasingly worth pondering.