Prediction markets are eating away at the cake left behind by Meme coins. This is not just speculation—it's a capital migration that's already happening.

When Polymarket received a $2 billion investment from the NYSE parent company and obtained a full US license, the market direction became very clear. The era of frenzied trading of meme cats and dogs is coming to an end, replaced by a more brutal and also more enticing new track—trading "truth."

But why is this happening?

Meme coins haven't suddenly died. They died from a fundamental contradiction: tokens can be supplied infinitely, but human attention is always scarce. When Pump.fun pushed the cost of issuing tokens close to zero, the supply of tokens in the market began to grow exponentially. Meanwhile, retail investors' funds, time, and enthusiasm could only grow linearly. The result is straightforward: hot cycles are getting shorter, but long-term downturns are becoming more common.

Many people are starting to feel exhausted. New projects keep emerging, but no one wants to click on them anymore; various narratives and concepts are endless, but there's only one voice in their minds—eventually, everything will collapse.

Prediction market projects on BNB Chain are becoming the new favorites in the eyes of capital. In this new speculative ecosystem, people no longer bet on the rise and fall of prices but on "truth"—betting on who will win the election, the direction of crypto policies, or the next move of the market. This gameplay may not seem as exciting, but the logic behind it is even more fierce.