What kind of meme coin is a qualified meme coin? What standards should a meme coin meet to be considered a meme coin that conforms to the current popular trend? Some people may think that a good meme must be topical enough to arouse the resonance of the public and allow everyone to fomo together; some people think that meme is a casino in a different vest, and a meme that has a big dealer who can constantly pull the market, constantly create new ATHs, and constantly generate wealth effects is a good meme. In principle, the above views are all correct, and since the birth of meme coins, they have indeed followed such a script. However, as I said in the previous article, the development of any thing is staged. Every time a node is reached, the direction of development of things will undergo a major change. At this moment, when everyone is shouting about the meme bull market, the development direction of meme coins will usher in another important change. For the sake of convenience, let's take an example of a meme coin that I have been involved in from the beginning to now.
On July 14, 2024, US presidential candidate Trump was shot by a gunman while holding a speech rally in Butler, Pennsylvania. The attack was unsuccessful, the gunman was killed on the spot, and Trump himself was injured and bleeding in the ear. At the scene of the shooting, when the accompanying Secret Service agents surrounded Trump to prevent a second attack, Trump still raised his arms and shouted "fight" three times to the crowd supporting him. This move is undoubtedly great. It not only conveys his spirit of never giving up to his supporters, but also tells those who oppose him with practical actions that he is not so easily knocked down. The impact of this incident continues to ferment, and it can even be said to be one of the most widely spread and most influential events in global political events this year, and Trump himself has also used "fight" as his campaign slogan. On the day of the incident, many Trump-themed meme coins appeared on the fair launch platform of meme coins on the sol chain, pumpfun, including $fight. This meme coin really took advantage of Trump's momentum and quickly rushed out of pumpfun and went on Raydium. It was very popular, with a market value of up to 20 million U at one time. The entire community was also very fomo, and there was a trend of constantly creating new highs. At this point, many domestic meme coin players may wonder, isn't $fight on Ethereum? How come it is on the sol chain? Indeed, according to the issuance time, $fight on the sol chain is indeed the world's first officially launched fight concept meme coin, but this fight coin on the sol chain did not attract much attention from domestic players at the time. What everyone knows is the $fight coin on Ethereum that was launched one step later. Although both are called "fight", the full name of the fight coin on the sol chain is fight, and the full name of the fight on Ethereum is "fight for maga". In terms of political meaning, the fight on Ethereum seems to be stronger.
In fact, at the beginning, the momentum of $fight on the two chains was very good. On the Sol chain, all Trump supporters flocked in, and on Ethereum, there were Chinese big dealers. Judging from the situation at the time, it was very likely that a $fight golden dog would run out on Sol and Ethereum, but the development of the situation made the two $fights go on different paths. Just when $fight on the Sol chain was in its heyday and set new highs, on July 28, 2024, the founder and team members suddenly dumped the market and ran away, causing $fight on the Sol chain to collapse instantly and almost return to zero. Many people say that nine out of ten memes on PumpFun will rug, but the $fight holders at the time did not believe that the team would easily give up such an annual explosive IP narrative, so the team's running away was a disaster that was enough to destroy everything for $fight on the Sol chain at the time, and among the desperate people at the time, there was me.
There is an old Chinese saying, "You must face death before you can survive." I think this saying is very appropriate for Sol Chain $fight. Just like the "fight" spirit promoted by Sol Chain $fight, although many people in the community left in despair at that time, there were still some firm holders who refused to give up. They spontaneously organized themselves and took over the entire community, taking on the daily operation and marketing of the community. It can be said that they passively opened the road of CTO (Community Takeover). Since the only Chinese players in the community at that time had almost run away, I volunteered to be a Chinese mod, but I never had the opportunity to contribute because there were no Chinese players coming in, and the situation of the entire community was not very ideal. Due to the backstabbing incident of the startup team, $fight on the Sol Chain has completely failed to catch up with the Ethereum, and the popularity has also been siphoned off by $fight on Ethereum, and the market value has once plummeted 200 times. However, the good news is that after a series of turmoil, Sol Chain $fight finally survived, and being alive means there is still a chance.
During the CTO process, Sol Chain $Fight also experienced many twists and turns, such as fraud gangs sneaking in to commit crimes, collective FUD among community members, frequent entry and exit of hot money to cut leeks, etc., which I will not go into detail here. After experiencing a series of hardships, Sol Chain $Fight finally ushered in a ray of hope. The reason was that a Chinese player proposed to open a separate Chinese community. Because the Sol Chain $Fight community was mainly composed of foreigners, there has always been an international group, and no separate Chinese group has been set up. After the Chinese group was opened, this Chinese player used his personal connections to attract some Chinese KOLs, and then spread the word. More and more Chinese players joined SolChain$Fight, and many big Vs promoted it on Twitter. In just 36 hours, the number of SolChain$Fight Chinese community members reached 500, and the market value doubled in less than 48 hours, showing a tendency to revive and set a new high. However, bad luck did not seem to let SolChain$Fight go. Just when the market value doubled and the orders kept coming, a big V suddenly dumped the market and left, and tweeted to push the responsibility to the community, saying that the community was unprofessional and did not cooperate with his cx, and he was very disappointed so he dumped the market and left. This sudden incident once again caused panic in the community, and retail investors sold their stocks at a loss. I did not feel panic or anger about this situation, because I have experienced more tragic moments than this, and I understand the feelings of my group members very well, but I did not want to criticize that big V, because the cryptocurrency market is originally an open market, and buying and selling are free. The same is true for meme coins. There is no rule that you can only buy but not sell. If we can't withstand the dumping of the big players, it can only be said that our foundation is not good.
As the saying goes, a blessing in disguise. After this short period of less than 48 hours of pull-ups and dumps, Sol Chain $Fight has thoroughly cleaned the plate. The top 20 positions have all changed hands, and the turnover rate of the top 100 is close to 80%. The position ratio is very healthy. At the same time, thanks to the previous publicity of big Vs, Sol Chain $Fight has become much more famous in the Chinese circle than before. More and more Chinese players have joined Sol Chain $Fight. The lower market value and lighter car make Sol Chain $Fight more cost-effective than the current Ethereum $Fight. In addition, the previous passive CTO has accidentally caught up with the CTO trend of meme coins. Community-autonomous meme coins are more popular. In addition, the election is approaching, which is an almost obvious favorable time node. The recent trading volume can also explain the problem. The top-ranked big players are also constantly increasing their positions.
As a politically themed meme coin, will the end of SolChain $Fight be the end of the election? My answer is no. As I mentioned above, SolChain $Fight was born out of the Trump shooting incident, but it promotes the "fight" spirit, and the fighting spirit is everywhere. From small things like living for your own lives to big things like world peace, we all need the fighting spirit. This is exactly what SolChain $Fight will do after the election, which is to completely break away from the concept of politics and completely transform into a meme coin with the fighting spirit as its core, and continue to expand its influence in the encryption field.
Finally, echoing the previous article, what kind of meme coin is a qualified meme coin that conforms to the current trend? In my opinion, first of all, we must get rid of the secret operations of the team and the dog dealer. The meme coin must be completely decentralized and fully realize community autonomy, that is, CTO; secondly, there must be a distinct community culture. Culture is the value anchor that meme coins rely on most. Many people think that meme coins have no practical application scenarios, so they are pure CX and have no value at all. But isn’t meme coin the other side of vc coins and traditional cottage coins? The web3 world is the same as the real world. It also needs culture, consensus, and emotional value. This is exactly what meme coins can achieve, and it is also the value of meme coins; there is also a strong community. This needs to be based on the first two points. A strong community may not necessarily accompany a cottage coin through bull and bear markets, but it can definitely make a meme coin flourish. Joining the community, respecting the community, and building the community are the principles that a meme player should follow.
