During the last bull market, if memes were listed on Binance, their value could have increased tenfold or more, reaching a peak market capitalization of $50 billion (#SHIB). Sentiment during this bull market is incredibly negative. Although the overall market capitalization of the cryptocurrency market has grown by approximately 31% compared to the peak of the previous bull market (from $2.9 trillion to $3.8 trillion currently), yet, no meme has emerged as a meme, and sentiment has been even lower recently. Several memes listed on Binance have only achieved a peak market capitalization of around $500 million.