Artworks, AI agents, DAOs... How many angles can Meme coins have?
Written by: Alex Liu, Foresight News
Illustrated by: Kiet, Foresight News
Note: 'Weekly Hot Searches' statistics are based on user search results from Foresight News from last Friday to this Thursday (October 25 to October 31) and have merged the same concepts with different cases.
Meme popularity continues
This week, everyone has found a new angle on PvP – artworks. According to monitoring by Lookonchain, Sotheby's vice president Michael Bouhanna previously bought many types of 'Meme' coins but earned almost nothing. He launched a Meme coin named 'BAN' using a wallet starting with 5W7U, earning over $1 million on BAN with just one internal wallet. Michael Bouhanna publicly commented that the wallet starting with 5W7U is his address (the post has since been deleted), and that address is also the deployer of BAN. Although he was pressured to destroy 37.36 million BAN in the wallet, he used the internal wallet to purchase BAN and made more than $1 million in profit.
The reason everyone continues to be enthusiastic about Memes is simple: the wealth effect remains strong – a smart money address spent only 2.97 SOL ($518) during the BAN internal trading phase to buy 80.77 million art Meme coins BAN, accumulating a profit of $1.25 million, with a return rate as high as 2414 times. This address seems to be an 'Alpah hunter', trading 80 tokens in the past week with a win rate of 60%, excelling at making small purchases during the internal trading/new low market cap phase and then quickly selling, currently realizing a profit of $177,000. Of course, a bigger possibility is: he is an insider of many projects.
The fervor behind Memes may also be driven by 'airdrop' hunters. The 'Pump' token may be just around the corner: According to The Block, pump.fun has previewed the token issuance in X Spaces. Gate.io has announced that it will start pre-market OTC trading of Pump.fun (PUMPFUN) at 23:30 on October 30. Recommended reading: Is Pump.fun about to issue a token? The studio has already opened the Pump.fun Space, a brief overview of the latest updates.
pump.fun has also launched significant updates at the product level, such as introducing a new advanced trading terminal, Pump Advanced. The main views of Pump Advanced include charts, TOP holder statistics, advanced filters, real-time update threads, and other features. The website also allows users to log in through the verification platform Privy, using non-custodial wallets and charging 0% fees for the first 30 days.
Additionally, the latest AI + DAO and on-chain 'AI' agent gameplay; recommended reading:
daos.fun: The next liquidity black hole? AI Memes are hot, but unable to keep pace; DAO funds + Meme are coming?
Base AI agents are thriving; Virtuals and Aethernet, who will prevail? AI agents are opening the door to the next cyber society.
Morph officially launched on the Ethereum mainnet.
The consumer-grade public blockchain 'Morph' has officially launched on the 'Ethereum' mainnet. During the Morph testnet period, over 6 million addresses registered, over 100 million transactions executed, more than 200 projects deployed, and over a million community members participated. Additionally, Morph recently initiated a Centralized Exchange Coalition, uniting several exchanges including 'Bitget', HTX, MEXC, and Poloniex to provide comprehensive support for market promotion, user acquisition, and financing for developer projects.
Polymarket and election trends
According to monitoring by Lookonchain, in October, 10 whale addresses spent a total of $70.6 million betting on 'Trump' winning the U.S. election on 'Polymarket'.
Trump's stance on crypto is very clear; he tweeted on October 31, 'I want to wish our great Bitcoin enthusiasts a happy 16th anniversary of the Satoshi Bitcoin white paper. We will end Harris's war on cryptocurrency; Bitcoin will be made in America; vote for Trump.'
How does the election situation impact the market? Recommended reading: Is Trump the designated candidate? How does the trading market view the election trends? Derivatives traders seem to be preparing for a bullish trend for Bitcoin in the days following the U.S. election on November 5.
More hot terms delivered
The AI data layer protocol 'Grass' has opened airdrop claims.
TIA completed a massive unlock this week; how will the market develop afterward? Recommended reading: TIA is about to have a massive unlock; will it cause market panic? The negative impact may have already been digested.
Currently, Wintermute holds 14.29 million 'GOAT', making it the second-largest holder. This address also holds approximately $10.61 million in MOODENG, $7.01 million in PONKE, and $5.43 million in MEW.
Hong Kong Legislative Council member (technology and innovation sector) Chiu Tat-gan stated during the founding event of the Hong Kong Compliance Industry Association, 'I believe stablecoins represent a huge market; all countries are trying, and everyone is paying attention. However, we need to wait for the regulatory details from Hong Kong before moving forward. As a legislative council member, I am interested in whether stablecoins based on the Renminbi can be issued in Hong Kong; this is a huge market.'
OSL's Chief Institutional Business Officer (CIBO), Zhang Yinghua, disclosed during the 'Liquidity and Ownership of Stablecoins and Tokenized Capital Markets' panel discussion at Hong Kong Fintech Week (HKFTW) that real-world assets (RWA) will be a key focus of OSL's future development strategy. They are also prepared to tokenize more different types of asset classes while hoping to encourage more traditional enterprises, financial institutions, and businesses to integrate their existing operations onto the blockchain.
After Musk shared the 'D.O.G.E.' plan at a large rally for Trump, 'DOGE' broke through 0.165 USDT.
