Foreword: If Bitcoin has created an unprecedented wealth-making myth, then MEME coin has created an unprecedented wealth-making miracle. In the history of the development of MEME currency, growth has always convinced people. PEPE has surged 6,000 times in 4 days, WOJAK has surged 11,340%, and AIDOGE has surged 10 times. Such market conditions are like a clarion call to charge in the bear market, causing countless funds to start entering the market crazily. When you see the contract address, you add money, and when you see the native dog, your eyes light up. Some people even bluntly said that no one in the currency circle can match the speed of making money from an earth dog to a golden dog as quickly as MEME coin.

AIDOGE: The organic combination of MEME + AI is expected to become the next SHIB. On April 15, when AIDOGE, the first MEME currency of the Arbitrum ecosystem, was officially launched, a big market surrounding Tudog began to quietly come. Unlike other projects, AIDOGE claims to be an AI-generated token. It has no VC or internal allocation within the team, and 100% of the tokens are allocated to the community. 95% of the tokens are airdropped to $arb airdrop users who have experienced a sharp increase in recent times. Wallets that have received the $arb airdrop can receive $AIDOGE for free, and the other 5% is used for referral commissions.

Since 95% of the tokens are used for airdrops, this means that anyone has the opportunity to obtain them and anyone can sell them. Therefore, in order to reduce market selling pressure and encourage early discovery users, AIDOGE artificially creates a FOMO effect. The sooner an address is claimed, the more tokens it can receive. The first 60,000 addresses have more tokens than the 90,000th address. doubled. In addition, AIDOGE also has a lottery mechanism. If you purchase more than 100 US dollars in tokens, you will receive a lottery ticket and may receive an $arb airdrop.

With the blessing of multiple benefits, $AIDOGE only went online for 3 days, and its 24-hour increase reached an astonishing 5 times, ranking 4th on the entire network. As of now, the number of AIDOGE currency holding addresses has exceeded 100,000, and $AIDOEG has also been listed on Matcha Exchange and Huobi Exchange. Judging from the FDV value, AIDOGE also completed the upgrade from US$1 million to US$5 million to US$10 million in a very short period of time. So much so that the market began to speculate that AIDOGE may be expected to become the next SHIB

PEPE: The obsolete dogecoin is not as good as the frog, let’s make MEME coin great again

In fact, compared with AIDOGE, PEPE was popular on the 4chan forum as early as 2015 and is a well-known MEM coin worthy of its name. The reason why PEPE can once again cause a sensation in the market comes from the influence of a wealth story.

On April 19, according to Lookonchain data, a "SmartMoney" address exchanged 0.125 ETH (approximately US$251) for 5.9 trillion PEPE on the Uniswap platform 4 days ago. If calculated based on the PEPE quotation of $0.0000003145 on April 20, the value of the 5.9 trillion PEPE hoarded by this address has reached $1.85 million. If all are sold at this price (not yet sold), the return on this investment will reach 7370 times. .

As a pure MEME project, PEPE’s biggest hot spot is that it has no taxes and fees and is fully circulated. From this perspective, PEPE can be said to bring MEME culture and emotions to the extreme. From the beginning, PEPE has determined to become the most meaningful MEME coin. They believe that although the Dogecoin series has its own glorious moments, the days of the dog family are over, and now is the era of PEPE frogs taking charge.

According to the official website, the total supply of PEPE tokens is 420 trillion, and 93.1% of the tokens will enter the Uniswap liquidity pool. Only 6.9% of the tokens will be concentrated on exchanges in the future. They are currently listed for trading on Hotbit and MEXC exchanges. right. With its ultra-high transaction volume and turnover rate, PEPE has achieved a price increase of thousands of times in four days, and its currency holding addresses on Ethereum have exceeded 20,000.

WOJAK: Find the right time and take advantage of the trend of the MEME coin to rise

Since PEPE became popular, it has led to many MEME coins derived from it, such as WOJAK, whose avatars are all green. In just two days after going online, WOJAK’s highest increase reached an astonishing increase of 11,340%. Even the well-known crypto artist beeple retweeted WOJAK’s related posts. There are rumors that PEPE and WOJAK may be the same project owner.

As a recently popular MEME coin, WOJAK’s user trading activity is very high. In the past week, WOJAK’s trading volume on the Ethereum chain has exceeded $120 million, becoming the most popular trading object after WETH, USDC and USDT. It is also the main site for MEV Bot arbitrage, sandwich attacks and other transactions. Among them, the MEV robot controlled by jaredfromsubway.eth has made a cumulative profit of approximately US$2.81 million in WOJAK.

It can be seen that WOJAK is riding on the craze caused by PEPE and gradually exerting stronger and stronger power, far exceeding expectations.

Behind the explosion of MEME currency, how has the market changed?

Generally speaking, the craze for MEME coins often appears in the middle and late stages of the bull market. But now that we are in a bear market, the reason why MEME coins can rise is mainly because the market has recovered this year, and the simple get-rich-quick effect caters to people's psychological needs, that is, the possibility of obtaining high returns with small funds. Although everyone knows that MEME currency is high-risk, there are still a large number of investors chasing it crazily, because there must be brave men under the heavy reward.

With the popularity of MEME coins such as AIDOGE, PEPE, and WOJAK, more native dogs have emerged, and a lot of attention and funds in the currency circle have been focused on native dogs. On the one hand, this means that the project team believes that the MEME currency is now very popular in the market and can accommodate more project acquisition opportunities; on the other hand, it also means that increased market competition will lead to a shortage of funds and the possibility of imbalance will become greater.

For now, the currency circle is in the stage of game of existing funds. Especially this year, the overall market is mainly driven by the alternating market trends of Bitcoin (BTC) and Ethereum (ETH). If all short-term funds flow into MEME coins, the market may lose support. In the absence of funds to support the market, MEME tokens are all exchanged for valuable mainstream currencies. When the market makers gather most of the mainstream currencies, the market does not rule out the possibility of a rapid decline. Refer to the situation before May 19 in 20 years. In the market, MEME, led by SHIB and DOGE, led a wave of skyrocketing market prices. MEMEs on the chain emerged one after another. In the end, this wave of market prices ended due to the plummeting of mainstream currencies.

Despite this, the rise of the local dog market does not seem to be paused in the short term. The next "zoo market" may set new rules by changing new gameplay, bringing its own funny humor or sarcastic popular elements, and further create FOMO in the market. Let the Web3 family members be unable to extricate themselves.

How to filter the next great MEME?

A local dog that does well in marketing in the currency circle will become a golden dog, such as SHIB. A golden dog with poor marketing is worse than a native dog. Looking at the entire MEME series, from SHIB to Gouzila, to Pig, Yooshi, and now the popular AIDOGE, PEPE, and WOJAK, the rise of any earth-dog project and the birth of a hundred-fold MEME coin are indispensable for good tokens. Coin model, easy-to-spread stories, innovative gameplay, market popularity, emotional resonance, etc.

Therefore, when judging the value of a MEME coin, in addition to considering the team strength, technical characteristics, application scenarios, community construction, etc., we must also consider whether the project can meet the free, fair and group-wide distribution method, whether it can satisfy the purchasing psychology of investors, and whether it can Whether it is innovative, whether it can create a topic that is easy to spread, whether it can arouse emotional resonance, etc., these are all key factors that help us seize phenomenal projects.

In general, although MEME currency brings opportunities, it also comes with extremely high risks. When investors choose to invest in MEME coins, they should rationally evaluate market risks and their own investment capabilities, and not blindly follow trends. At the same time, they should choose potential projects and set up reasonable risk control strategies to avoid major losses.

What do you think about this? Follow BT brother to take you to learn more about the currency circle. A technical blogger who likes to study news.