Author: WOO
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The meme craze of this cycle was ignited by $BOME, followed by Pump Fun. However, Pump Fun’s feature of allowing everyone to issue coins also means that the differences between meme coins have been largely eliminated. In addition, the following Simple way to attract many players into the meme battlefield.
With so many competitors, golden dogs are becoming more and more difficult to mine. The most obvious example is that in the BOME era, you can expect the market value of golden dogs to reach 500 million, while Pump Fun can reach 50 million US dollars, which is already one ten thousandth. of miracles.
The decline in meme coin trading volume on Solana is also strong evidence.
Reference: @Syndica_io
So is the meme over? No, it has evolved again.
This wave of meme craze started with the new dog Neiro adopted by Doge’s owner. Players on the chain naturally did not miss this opportunity to speculate. Uppercase NEIRO and lowercase Neiro appeared on the market. Everyone knows what happened next. Binance launched the spot Neiro, and its market value soared to nearly US$500 million. In terms of the macro environment, with the confirmation of a 50 BP interest rate cut, the market is expected to regain liquidity. The combination of the two is bullish, opening a new wave of memes.
So what meme coins are being speculated in the market recently? Let WOO X Research take you to see it!
(1) Zoo chaos: Web 2 keyword narrative hype
MOODENG：
Built on Solana, the image is of MOODENG, a pygmy hippopotamus in a Thai zoo. Its cute image quickly became popular in the Web 2 world, bringing in revenue of US$360,000 to the zoo in three weeks in September, and also attracted 80,000 Many people visited, and the official started a 24-hour live broadcast for them. Even X official published an article for it, which shows that MOODENG is very popular in the Web 2 world.
MOODENG also extended the craze of Web 2 to Web 3. On September 10, the token of the same name appeared on Solana. The market value on the second day after it went online was only 500,000 US dollars. As the charm of the real-world hippopotamus continues to gain popularity, the currency price is even higher. After two weeks it has been rising. On September 25, OKX even posted photos related to MOODENG on Twitter, seemingly hinting that the new currency would soon be launched. At that time, the market value of the currency increased from US$80 million to US$100 million.
The current market capitalization is approximately US$120 million, with an increase of more than 100 times in less than a month.
PESTO：
Built on Solana, it looks like the penguin PESTO in Melbourne's Sea Life Museum. Similar to MOODENG, which became popular because of its different appearance from other animals of the same species, PESTO is different from other black and white penguins in that its fur is brown and is thicker than its parents. Taller and heavier, it is the heaviest penguin ever seen at Sea Life Melbourne.
The popularity has been reported by international mainstream media such as BBC and CNN. Even the famous singer Katy Perry is a fan of PESTO.
There is MOODENG in the east and PESTO in the west.
In terms of currency price performance, PESTO was created on September 18, later than MOODENG. It started with a market value of approximately US$1 million and currently has a market value of approximately US$20 million, achieving a 20-fold increase.
How will the zoo be promoted in the future?
Zoo meme coins mostly appear on the SOLANA chain
Use Web 2 traffic search tools such as Google Trend to find celebrity animals that have become popular recently but have not yet appeared in coins. It is not limited to the massive exposure in traditional media. You can also pay attention to Web 2 social media, such as Tiktok, Instagarm, etc. For example, the Internet celebrity frog OMOCHI on Tiktok has a transaction volume of more than 11.5 million US dollars in three hours after it went online today.
(2) Musk Concept Coin
TERMINUS：
Built on ETH, the concept is Musk's "Mars City", which originated from Elon Musk's post in February 2020. He mentioned: "Mars is to Earth, as Terminus was to Trantor" meaning Mars to Earth It's like Terminus is to Trantor
Trantor is the capital in the Galactic Empire trilogy of Isaac Asimov's science fiction novels, and many people speculate that Musk wants to use Terminus as the first city after colonizing Mars.
To be honest, this narrative is not sexy enough in terms of meme concepts. First, Ticker is not intuitive enough, Terminus is too complex and difficult to pronounce, and second, it is an old post and has little meaning. But it is worth noting that @liping007, an early investor in SHIB, purchased a total of 1.5 E when the market capitalization was about 160,000 and 460,000, and added 22 E of liquidity on September 24.
He also vigorously promoted TERMINUS on Twitter, and many well-known KOLs and users in the Chinese area also followed his footsteps and purchased it, such as 0xSun.
This meme coin is dominated by the Chinese community, which can be seen from the transaction volume. The sparse transaction volume in the time zone of GMT +8 from 0:00 ~ 08:00 is the best proof.
The market value of TERMINUS started from about 500,000, and its current market value is about 40 million, an increase of 80 times.
MARS：
The concept is the same as TERMINUS, which was launched on September 25. It is also Musk’s Mars concept, but the name of the token is simpler and cruder and has better dissemination.
It opened with a market capitalization of about 1 million, peaked at 18 million, and currently has a market capitalization of about $8 million.
How will Musk’s concept be hyped in the future?
Musk’s concepts are mostly on ETH
The Mars concept was initiated by TERMINUS (capital), so its trend is an important indicator. If it falls below the previous low of $25 million in market value, it is very likely that the meme narrative life cycle has been completed.
3. SUI Concept
SUI has skyrocketed recently, with the token price rising from 0.76 to a maximum of $1.8 in September, an increase of 126%, attracting market attention and having a wealth effect.
Crypto users who did not purchase SUI at the beginning will look for meme coins (beta) that can be purchased on the chain with the mentality of the spillover effect of the increase in SUI value. Therefore, the meme coins in the ecosystem have attracted attention, and funds have poured in. There is a wealth effect.
BLUB:
It is the number one meme coin of SUI, and its image is a fish with the face of Pepe. Its current market value is as high as US$38 million.
Interestingly, BLUB’s token was issued on September 1st, which was similar to the starting point of SUI. It also rose from a market value of US$3.5 million at the opening to a maximum market value of US$48 million, achieving an 11-fold increase.
SUIB：
As you can tell from the name, SUIB is the Shiba Inu coin on SUI. But what’s special about it is that SUI’s co-founder @EmanAbio reposted a SUIB-related post on Twitter on September 24, and stated in it that the project was created by Aftermath, a lending platform on SUI. In terms of hype concept, it is more like an officially certified meme coin.
Through the post of the co-founder of SUI, SUIB also skyrocketed from a market value of 250,000 to a maximum of 2.73 million US dollars, achieving an increase of more than 10 times. But be aware that SUIB is extremely illiquid at only about $40,000.
How will the SUI concept be hyped in the future?
The current meme currency hype on SUI is mostly due to a group of "Degen" who have shorted out the growth of SUI itself, as well as its own SUI ecological players, and is still in the on-site PVP stage.
If we want to truly attract a large amount of external funds to speculate on meme coins like SOL, one of the necessary conditions is for Binance to first launch the top ecological projects on SUI, such as Cetus and Scallop. "Serious" projects must first be recognized by the market, otherwise the overall Meme continuity is difficult to maintain and can easily become a flash in the pan.
(The above content is excerpted and reprinted with the authorization of our partner PANews, original text link )
Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.
〈The meme coin hype is back again, what is the community doing this time? 〉This article was first published in "Block Guest".
