From Meme coin to CS:GO skins: The cycle of virtual assets
As the hype around Meme coins gradually fades, some speculators who once thrived in it have shifted their focus to the CS:GO skin market. These former "Meme hunters" have transformed into "item flippers," viewing CS:GO skins as the next wealth code.
CS:GO was officially released on August 21, 2012. In 2013, it introduced the weapon crate and skin system, allowing for market trading, which laid the foundation for its cosmetic economy. After several updates and attempts to make it free-to-play, the cosmetic market of CS:GO has continued to thrive for twelve years.
However, in May 2025, the CS accessory market suddenly collapsed. The accessory index plummeted 20% within three days, and the prices of several popular trading varieties nearly halved, sparking heated discussions among users. For coin speculators, this kind of market collapse is all too familiar, but this time in hand.