#打狗日记 Has been a dog for 1 year Compared dimensions Overseas MEME coins Domestic MEME coins↑ more.

IP foundation Long-term symbolized IP, cross-cultural communication Short-term hot memes, no independent IP

Community logic Co-building autonomy, long-term consensus Waiting for pump, strong external dependence

Economic model Value return, supply and demand balance No continuous consumption, inflation pressure

Communication range Global community, strong liquidity Mainly Chinese circle, low external awareness

Lifecycle Several years, strong resilience Several weeks/months, prone to collapse The key is that during this cycle, no one made money, taking domestic meme coins and Chinese memes as examples, here you just got in and directly poured in.