From 8.9 million to 800,000 and then rebounded, NPM experienced a Meme coin roller coaster within a day

NPM, the recently launched Meme coin, experienced a疯狂 market within one day. According to the latest news, since its Alpha launch, NPM has surged by 5473.27%, with a current price of 0.0018413 USDT. Behind this number is a complete demonstration of extreme emotional swings and market speculation. From an initial high of $8.9 million to a short-term low of $800,000, then rebounding to $2 million, NPM showcased what a true Meme coin “roller coaster” looks like in just one day.

What is the NPM project

NPM’s narrative is quite precise—it pays tribute to Isaac Z. Schlueter, the founder of the world’s largest package manager NPM. This developer, hailed as the “V God of programmers,” made significant contributions during the early development of Node.js. It is this targeted emotional connection to developers that allowed this Meme coin to attract a large number of tech and crypto enthusiasts during its initial launch.

The NPM token itself has no practical use case; it is purely a Meme coin based on narrative and community hype, running on the Solana chain, and belongs to the BAGS ecosystem.

The complete fluctuation process within one day

This process clearly illustrates what Meme coins are—emotion-driven, concept hype, entirely dependent on community enthusiasm.

Why did it surge by 5473%

Narrative Appeal

The real identity and historical contributions of founder Isaac Z. Schlueter gave this Meme coin relatively strong topicality. Many developers, out of respect for the original NPM project and recognition of this narrative, participated in the hype.

Market Sentiment

The Meme coin culture on Solana is strong, and with recent cooling of Chinese Meme trends, the market’s demand for new narratives is high. NPM appeared at just the right time, becoming a vessel for emotional transfer.

Participant Behavior

According to data, some traders achieved an ROI of 2273% in a short period, further attracting high-leverage traders. The trading volume within 5 hours of launch reached $13.2 million, indicating high participation.

Risk signals behind the volatility

The essence of extreme volatility

Falling from $8.9 million to $800,000 is not just a market correction; it’s an emotional collapse. A single tweet from the founder saying “Back to life” can trigger an 80% drop in an hour, fully demonstrating how dependent this coin is on single-point sentiment.

The cost of chasing highs

While some made profits, many others got caught at the high. Meme coins are characterized by many participants, mostly retail investors. When institutions or whales start to sell, the latecomers often become the bagholders.

Lack of real value support

NPM has no practical use case or revenue mechanism; its price is entirely driven by emotion and speculation. Once hype fades or the founder’s attitude changes, the coin’s price will face significant pressure.

Future outlook

NPM’s rebound to $2 million was mainly due to the founder’s positive attitude (adding token links on GitHub) which temporarily restored market sentiment. However, this recovery is fragile because it still relies on speculation about the founder’s attitude rather than the project’s intrinsic value.

The future direction depends on several factors: whether the founder continues to participate, whether community enthusiasm can be maintained, and whether new narratives emerge. But regardless, the high-risk nature of this coin will not change.

Summary

The 5473% increase and subsequent sharp fluctuations of NPM are a microcosm of the current Meme coin market. Strong narratives can quickly attract attention but are also vulnerable to emotional breakdowns. Participants need to recognize that such tokens are essentially emotional gambling, not investments. Those chasing highs risk being caught, and early profits are built on later participants’ losses.

For most retail investors, it’s fine to watch the show, but participating with real money in such extreme volatility coins requires mental preparedness for potential losses.