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In the past two years, the ecological expansion of certain leading exchanges has indeed attracted attention. But looking back, if other trading platforms also follow suit and endorse the storylines of those meme coins, or even list meme coins related to competing exchanges, this operation is quite interesting. From another perspective, if you are an exchange operator and see your competitor's meme coin trading on your platform, or your own name being turned into a meme, the feeling might be quite complex — being noticed, but also being mocked. This actually reflects an interesting market phenomenon: in the meme economy era, competition between exchanges is no longer just about functionality and security, but also about cultural narrative rights and community recognition. Those who can better understand and embrace this informal market culture will gain a mental edge in the competition.