The programmer's V神 coin skyrocketed 3000% and then plummeted 80%, meme coin's emotional frenzy and risks

2026-01-20 06:00:38

A token named after the founder of the world’s largest package manager NPM has sparked a typical Meme coin frenzy in the crypto market today. According to the latest news, the NPM token has risen 3187.37% since launching on Alpha, with a current price of 0.0017929 USDT. But behind this shiny number lies extreme volatility and risk.

From Rapid Rise to Sharp Drop: A 4-Hour Rollercoaster

The story of NPM began early this morning. Just 4 hours after its debut in the BAGS ecosystem, the market cap soared to $6.9 million, then retreated to $5.4 million, with 24-hour trading volume surpassing $13.2 million. Market enthusiasm once pushed it to a high of $8.9 million, but then a reversal occurred—its market cap plummeted from $8.9 million to $800,000 in a short period, a drop of over 80%.

Such fluctuations are hard to imagine in traditional finance markets, but are commonplace in the Meme coin space.

Narrative Is King: Programmer Spirit Hits the Mark

NPM’s rapid market explosion hinges on its narrative setup. The NPM token pays tribute to Isaac Z. Schlueter—the founder of the world’s largest package manager NPM, hailed as “the V God of programmers.” This setup precisely struck a chord with the developer community’s emotional resonance.

From social media discussions, this project successfully attracted attention from both the tech circle and Meme coin enthusiasts. The founder even interacted with the project community on Twitter, further reinforcing the authenticity of the narrative and the buzz around it. Without any real product or practical application, pure reliance on storytelling and community sentiment can drive thousands of times gains—this is the typical logic of Meme coins.

The Essence of Meme Coins: Emotional Gambling, Not Investment

NPM’s rapid collapse exposes the core features of Meme coins:

Feature	Explanation
No intrinsic value	No product, no revenue, no real use case
Emotion-driven	Price entirely supported by community hype and narrative
Extreme volatility	Can surge thousands of times in a short period, then crash instantly
Liquidity trap	High trading volume masks shallow order books
Concentrated risk	Large holders and early participants profit and quickly exit

The process of NPM rising from a $6.9 million market cap to $8.9 million and then dropping to $800,000 perfectly exemplifies these traits. When the novelty wears off and narrative hype diminishes, funds will rapidly withdraw.

Observations and Tips

From the tech community’s reactions, NPM indeed struck a resonant emotional chord. But how long can this resonance last? History shows that Meme coin hype usually lasts only hours to days. Once market sentiment reverses, latecomers often become bagholders.

NPM’s today’s rapid rise and fall is essentially a repeat of the old Meme coin story: creative storytelling ignites enthusiasm, community sentiment pushes prices higher, big players take profits and exit, retail investors get caught holding the bag.

Summary

NPM’s story is interesting, but fundamentally it is an emotion-based gambling built on narrative. A 3000% surge and an 80% plunge are within expectations—that’s the game of Meme coins. If you’re interested in such projects, first recognize one fact: participating in Meme coins is not investing, but a high-risk emotional game. Profits depend on luck, losses are common. Rationally assess your risk tolerance, avoid blindly chasing highs—that’s the most basic form of self-protection.

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