Meme is one of the most noteworthy tracks in this crypto cycle. From DOGE to PNUT to GOAT, memes have become highly condensed symbols of culture and spirit, continuously breaking boundaries and spreading. 'The existence of meme coins proves that cryptocurrency is not just a competition of technology but also a competition of culture. Meme coins create an unprecedented platform for community resonance by integrating complex blockchain technology with pop culture.'
The rapidly developing BANANAS31 differs from traditional animal coins; instead, it is based on technology and the Musk concept, using the banana as an image. It started as a community driven by a small number of people on the BSC chain and quickly developed in a month, achieving a market cap of over 50 million, over 30,000 holding addresses, and tens of millions of total network dissemination. BANANAS31 is continuously breaking boundaries as a meme representing the power of technology and pop culture. This article will review and analyze the project's development process and capture future investment potential.
I. The Birth of Technology and the Musk Concept
On November 20, 2024, at 6 a.m., SpaceX successfully completed the sixth comprehensive test of the Starship S31 at its launch base in Boca Chica, Texas. This flight is the final test of the first-generation Starship series, marking SpaceX's formal transition to the development phase of the second-generation Starship (Starship V2). The success of S31 not only concludes the first-generation Starship project but also marks the beginning of a new chapter in SpaceX's cosmic exploration, holding significant milestone significance.
Interestingly, a unique banana sticker is affixed to the shell of S31, which is SpaceX's humorous response to internet pop culture. The 'Banana for Scale' is a classic internet meme that uses a banana as a size reference to visually demonstrate the size of objects. Through this idea, SpaceX conveys a relaxed and confident message: despite the challenges of technological exploration, the team remains optimistic about success. Elon Musk himself appreciates this method of using a banana to measure the starship and has endorsed this idea on Twitter.
From the perspective of technological exploration and optimistic culture, many meme coins have emerged on various chains after the launch of S31, but only BANANAS31 from the BSC chain has developed steadily. On November 16, BANANAS31 was successfully launched on the BSC chain's Four.meme platform and has been operating with AI since then, continuously breaking circles and potentially becoming a leading meme that integrates technology and culture.
II. The 'Savior Legend' Unfolds in the BSC Community.
A powerful meme needs a great community, just like PNUT and ACT are cultural benchmarks built by great communities. BANANAS31 also has a strong community in development, but unlike the others, this story unfolds on the BSC chain.
At the beginning of BANANAS31's launch, the pursuit of Musk's hot topics led to its rapid rise on Pancake, but most 'hot topic' memes have a short lifespan. As the market cap of BANANAS31 continued to rise, the Dev creator @World_Terminal_ tweeted to announce the burn of the liquidity pool. On one hand, 'burning the pool' is a positive signal; on the other hand, the Dev also relinquished control of the project, at which point the community voluntarily took over the operational work.
Community major holder @Cryptochitect3 led the way in building by establishing a community wallet, donating $5K worth of BANANAS31 for community activities. This move ignited the enthusiasm of community members and signaled the establishment of the community DAO. Everyone began to donate, with the sole purpose of 'building'. Within two days, $16K was raised; although the amount was not large, the community's cohesion began to influence more people to participate in the building.
Using the funds raised for the first time, the community initiated the 'Banana for Scale' activity, unexpectedly attracting a lot of KOL attention to the project. For example, well-known European KOL @MacnBTC tweeted, 'We need BNB memes like BANANAS31, we need such AI legends.' In the English community, @CookerFlips also tweeted, 'I will hold BANANAS31 for the long term.' Chinese crypto KOL @yuyue_chri donated to the community wallet twice.
The support of KOLs and the determination of community members have become the foundation for the development of the BANANAS31 community. Members from different countries and regions are building together, promoting BANANAS31 from obscurity to growth. On November 29, BANANAS31 went live on Gate; on December 3, it won the third round of BSC 'MEME COINS INNOVATION'; on December 6, it won Bitget Wallet's 'Week 4's Meme Project Battle'; on December 7, BANANAS31 went live on Mexc. By December 11, the community size of BANANAS31 had surpassed 40,000, with the number of holding addresses exceeding 30,000, which is hard to believe for a project less than a month old.
December 14 is a memorable day for the BANANAS31 community, as the DAO's wallet raised $100K, and the community DAO announced that this $100K would be used as a prize for hosting a TikTok video challenge. This move ignited the community's enthusiasm; even before the event officially launched, the number of donors was increasing. Even a whale from another BSC meme project, Simons Cat, donated 10 million BANANAS31, worth about $50K. A few hours later, the community wallet's raised amount reached $500K. The community DAO stated, 'We had to stop accepting donations,' and ultimately the community announced that all the raised $500K would be used as prizes for the event, about to spark a new wave of dissemination.
From the price performance of the token, BANANAS31 has actually experienced three crashes of over 50%. However, thanks to the ongoing efforts of the community, breaking barriers, tweeting, sharing, spreading, and purchasing... more energetic large holders and KOLs have joined, stabilizing the token price and expanding the project's influence. It can be said that every member of the BANANAS31 community is a 'savior' of the project. Without community development, BANANAS31 might have faded away like similar projects on other chains after the S31 launch.
III. Cultural Dissemination Knows No Bounds.
BANANAS31 represents the spirit of technological adventure and optimistic exploration. Since the onset of CTO autonomy, the community has continuously broken through communication barriers, striving to create a meme that represents technology and culture, establishing itself as a benchmark in the crypto industry.
'Banana for Scale' originated from a joke by the blogger Rock Dog Designs in 2005, who used a banana as a scale to sell an old TV of unknown size. In 2008, the viral song 'Peanut Butter Jelly Time' further promoted the banana meme culture. This absurd and humorous comparative method became wildly popular on social media after 2010, becoming a classic meme for demonstrating relative size. With the help of countless social platforms and users, it gradually evolved into a humorous and inclusive cultural symbol, not only entertaining but also symbolizing a unique philosophy of measuring a complex world with simple tools.
On November 28, based on the fundraising, the community initiated the 'Banana for Scale' activity across the internet, both to pay tribute to Banana for Scale and to encourage everyone to explore life with curiosity, optimism, and a spirit of adventure, just like Musk's Starship S31 explores the universe. Since its initiation, this activity has spread at an unexpected speed. Rough estimates show that the activity has garnered over 21K works on the X platform, with over 100K shares and interactions, and over 600K users viewed the initiation post, with secondary dissemination conservatively estimated to be in the millions. Over 500 global crypto KOLs participated and supported this activity, including influential figures like Cooker (@CookerFlips), Mac (@MacnBTC), SAIF MR (@saifmr20), and Yuyue (@yuyue_chris).
On December 14, the DAO's fundraising reached $500,000, and the community initiated a larger-scale cultural dissemination activity, the 'Banana for Scale' TikTok challenge. The next day, over 2,300 entries were collected, with dissemination exceeding one million.
The BANANAS31 community has consolidated consensus, gradually forming a cultural core of technological adventure and optimistic exploration. By promoting cultural dissemination, it not only influences Web3 users but also gradually breaks down the boundaries between Web2 and Web3, continuously attracting non-crypto users to pay attention to BANANAS31 and crypto meme culture.
IV. Overview of BANANAS31 Milestones.
2024.11.16: Token - Successful launch on Four.meme.
2024.11.20: Token - Dev burns liquidity pool, community takes over to establish DAO, CTO autonomy.
Token - Market cap reaches $10M.
2024.11.21: Community - Community voluntarily donates to the DAO, totaling $16,000 in two days.
Communication - KOLs start to support the project, with follower counts ranging from thousands to hundreds of thousands.
2024.11.24: Token - Market cap reaches $50M for the first time.
2024.11.28: Communication - The community initiates a nationwide banana measurement activity, gradually breaking boundaries.
Token - Number of holding addresses exceeds 20,000.
2024.11.29: Token - BANANAS31 goes live on Gate
Token - Market cap reached $80M
2024.12.03: Token - Wins the third round of BSC 'MEME COINS INNOVATION'.
2024.12.06: Token - Wins Bitget Wallet 'Week 4's Meme Project Battle'.
2024.12.07: Token - BANANAS31 goes live on Mexc.
2024.12.11: Token - Number of holding addresses exceeds 30,000
Community - Community Builders exceed 40,000
2024.12.13: Communication - 'Banana for Scale' event continues to spread, integrating the Banana Gallery. Participation: 20K+, Views: 600K+, Participating KOLs: 500+
2024.12.14: Community - Community donations reach $500,000, and the community uses the fundraising to launch the 'Banana for Scale' TikTok challenge.
2024.12.16: Communication - Over 2,300 participating videos in the TikTok challenge, with dissemination exceeding one million in two days.
V. Summary
BANANAS31 has spread a unique meme culture, merging serious technology with humorous pop culture, representing the top narrative of technological advancement, optimistic exploration, and the infinite possibilities of human curiosity. It has a strong community foundation, continuous breaking capacity, and potential market cap space. As a new star in the BSC chain that integrates technology, community, and culture, everything is just beginning...