DeFi researcher Ignas warns that meme coins function as "one-cycle trades" and should not be held long-term. He notes that once these tokens lose market attention, the trend is typically over, citing WIF and FARTCOIN as examples of assets with declining price performance and relevance following their peak cycles. While DOGE remains a rare exception spanning two cycles, it is no longer considered a strong target. Unlike Bitcoin, which continuously generates new market narratives, meme coins have short life cycles. Investors are advised against developing long-term holding dependence on tokens such as ZCAT and CASHCAT due to their inherent structural limitations.