> For the complete documentation index, see [llms.txt](https://doc.ave.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.ave.ai/tutorial/pc-web-tutorial/ave-ai-market-list/understanding-token-narratives.md).

# Understanding Token Narratives

In the world of meme coins, **narratives** are not just the fuel—they are the core driver of price movement. In 2025, several dominant narratives are shaping the market: **AI Agents**, **RWAs (Real World Assets)**, **Political Meme Coins**, and **Launchpad-Exclusive Tokens**.