In the latter half of the meme track, besides PVP on Sol, and the Senegal market on Base Virtual, meme gameplay has also seen updates with increasingly diverse options. Repump has started recycling 'junk' memecoins, while Farmer meme attracts users to create pools with high APR.
Farmer meme: 50 times return in 3 days of MemeFi.
X blogger LSP achieved a 50x return in 3 days by creating a pool of KACY/SOL on November 30. He earned transaction fees by pairing KACY and SOL and reinvested the earned trading fees (30SOL and KACY equivalent to 50SOL) into 'rolling storage' after 12 hours. Although KAYC's final FDV decreased to 20M, it still yielded higher returns than simply holding assets.
Although some memecoins are very likely to go to zero, as long as the trading volume is sufficient, LPs can still earn substantial profits through transaction fees. A good entry point for Farmer meme is still to group LPs with higher APR. Farmer meme adopts CLMM (Concentrated Liquidity Market Making) instead of AMM, where liquidity providers (LP) designate the price range for their liquidity to be used for trading, and users need to manually set the range. If the price range is not adjusted in time, it may result in significant impermanent loss.
However, it is worth noting that a portion of the final rewards is distributed in the form of the token $BRRR. $BRRR is the governance token of MEME Farmer, allowing users to participate in decision-making and ecosystem activities. Tokens can be obtained through LP Farming, staking, and community contributions. Additionally, a 10% fee will be charged on harvest earnings (all tokens in LP will be converted to SOL). Of this, 50% of the earnings will be used to repurchase $BRRR and send it to the treasury address.
In the early stages, the high APR was largely due to the increase in $BRRR being counted, which would create some selling pressure after 'mining and selling'. Although there is a repurchase plan for $BRRR later on, unfortunately, $BRRR has already started to exhibit a 'Christmas tree' pattern.
It is also important to note that this project has not undergone contract auditing and poses certain security risks.
Repump: On-chain 'Turn Turn' launched.
With Pump.fun bringing an explosion of new narratives for on-chain asset issuance, memecoins have experienced a significant wealth surge, but the golden dogs that can emerge are still few and far between. Rather, after the feast, people realize that there are excess memecoins left in the market, and even research-oriented P players will self-deprecate by calling it 'picking up trash'.
The product design of Repump is very similar to 'Turn Turn'. Due to the excessive issuance of assets, there are too many stagnant tokens that cannot be circulated. Repump can activate the liquidity of shit memecoins. Users can deposit excess memecoins into Repump's contract for destruction, and after destruction, users can redeem corresponding destruction points at the end of the activity. These points can be used to exchange for the new token 'Super Monster'.
It is worth noting that the points earned from destruction are only related to the value of the destroyed tokens, not the quantity of the destroyed tokens. It is also related to the total value in the destruction pool. The 'Super Monster' that users ultimately receive will be calculated based on the value of the tokens they personally destroyed divided by the total value in the destruction pool.
According to Repump's official Twitter, the second phase saw over 700 players burn more than 3,000 memecoins within just 3 hours, with a total value exceeding 122 million USD.
Currently, the top 10 tokens burned on Repump are: $PNUT (33.31%), (11.67%), $RIF (9.68%), $SCIHUB (2.11%), $WIF (1.77%), $ACT (1.51%), $SSS (1.31%), $NuCouché (1.3%) and $Riemann (1.28%), with other tokens accounting for 33.45% of the total burned. It is important to note that points rewards can only be claimed after the Burn ends.
The platform token Goose of Repump has also begun its main uptrend. Since its launch, it has been steadily rising, following a 'higher high, lower low' pattern. Currently, its market cap stabilizes around 10 million USD, with trading volume fluctuating around 800,000.
The market has voted with its feet to choose the mainstream narrative of this round of 'meme super cycle'. Although there are still many voices expressing FUD emotions towards these projects, in the cooling off of memecoins, these new gameplay in the meme track can be seen as a new 'ray of hope'.
*This article does not involve any investment advice. The above projects are still in their early stages; readers should be aware of the safety risks of investing.
