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Momo Dragon originated from a WeChat original IP, featuring a fun and highly recognizable avatar of a cute dragon wearing sunglasses alongside a little girl. It's hailed as the "biggest center stage" on social media platforms, with around 300 holders, frequently mentioned alongside meme coins like Neural Frog, radiating a strong community culture vibe. The market is active but highly volatile, carrying both moonshot potential and rug-pull risks, making it suitable for participants who understand the memes and are willing to take on speculative risks.