The market has evolved secretly again without my knowledge?
Over the past week, the on-chain market of the ETH mainnet can no longer be described as simply "lively". Bao's interest rate cut has revived the already active on-chain market: there is a golden dog every day, and on weekends there are two or three waves of market in a day. The mainnet Gas also soared to around 70Gwei at one point, and it was expensive to even breathe on the chain.
From finding concepts to rolling angles, the sentiment of "not accepting each other's business" spreads to MEME
As for the recent on-chain market, it is more accurate to describe it as a “separatist melee”. The weekend, which is fleeting in the eyes of workers, is quite saturated and fulfilling for on-chain players.
Doge founder's dog, Musk's "Mars City" plan, Trump Silver Coin and other concepts have taken turns to appear with their family bucket tokens. It seems that if there are no new concepts, it would be a waste of the sentiment and liquidity on the chain.
However, as the market has evolved to the point where new concepts are clearly not enough to satisfy the enthusiasm for PVP, the Meme market has upgraded from “finding concepts” to “rolling angles”: as soon as a new hype concept appears, various tokens with the same name emerge like mushrooms after a rain, and all kinds of new, old, big and small self-consistent angles take turns to appear.
Not to mention the distant past, just the concept of Musk's "Mars City" that broke out over the weekend has given rise to several large-cap targets: $TERMINUS (Mars City Name 1), $BAR (Mars City Name 2), various spaceships, interstellar hotels, astronaut dogs... not to mention that each coin has to be distinguished by uppercase and lowercase.
Obviously, the phenomenon of "not taking over each other's orders" has been subdivided into the meme market. If you buy uppercase, I will buy lowercase. If you go for three-point D.O.G.E., I will go for four-point D.O.G.E.. Everyone plays their own game. The crazy angle-finding behavior of various masters seems to be a competition for the "final right of interpretation" of this narrative, until more and more people recognize this angle and finally win the upgraded PVP. In order not to carry the sedan chair for others, everyone really fights.
After Neiro was launched on Binance contracts and spot markets, many “on-chain dealers” and meme players saw new market opportunities. Many of them seized this huge traffic and ten-fold or even hundred-fold gold dogs such as MOODENG, TERMINUS, and EDOGE appeared one after another.
As the meme market continues to ferment, Ethereum has once again started the production line of dog memes, reenacting the classic scene of "a hundred dogs barking".
WORK
HANA is the name of the prototype pet of SHIBA Inu. $SHIB, as a classic dog meme, has a market value of over $8 billion. HANA, as the "prototype dog" of SHIB, is called "the successor of SHIB" by many KOLs. @Mirro7777 said on X that the $HANA token came from a "conspiracy group" and learned from the previous experience of DOGGO's failed operation, leaving some insider addresses in the market.
Highest market value: 7.3M
Current market value: 3.5M
24h trading volume: 16.3M
Today 12AM (GMT+8) buy the highest profit: 2689%; current profit: 1130%
ESTEE and ESTI also have similar concepts to HANA. The former has a market value of nearly 4 million US dollars, and the latter has a market value of up to 1.5 million US dollars.
SOON
According to community members, $GOU is a dog meme jointly created by Neiro community whales and overseas KOLs. The token Ticker is the Chinese pinyin of the Chinese character "dog". What is significantly different from most dog memes is that the promotion of $GOU The operation of the special account appears to be more "professional" and "high-end", and multiple Twitter Spaces have been held in the past few days.
Highest market value: 19M
Current market value: 13.3M
24h trading volume: 4.4M
Today 12AM (GMT+8) buy the highest profit: 224%; current profit: 128%
EDOGE
The concept of $EDOGE comes from an astronaut dog on the Ethereum official website (ethereum.org). It often appears on various pages of the website, so it is regarded by the community as the "mascot of the official website" of Ethereum. However, @0xBit90536646 said on Twitter that the $EDOGE token has many backdoors at the code level, such as sales quantity restrictions, maximum transaction amount and maximum holdings that can be modified, transaction taxes that can be modified, and whitelists and blacklists that can be set.
Highest market value: 11M
Current market value: 8.3M
24h trading volume: 6.6M
Today 12AM (GMT+8) buy the highest profit: 94%; current profit: 57%
DOGGO
On September 20, Shibetoshi Nakamoto (@BillyM2k), the founder of Dogecoin, posted a video of a mentally retarded dog on X and wrote: what happened to poor doggo? Then a team issued $DOGGO tokens and transferred 6.56% of the $DOGGO tokens to Shibetoshi, who then sold all of his $DOGGO. The story of "the founder selling out" made $DOGGO popular immediately, but after Shibetoshi denied endorsing $DOGGO the next day, the meme token fell into decline.
Highest market value: 32M
Current market value: 11.7M
24h trading volume: 8.5M
Today 12AM (GMT+8) buy the highest profit: 22%; current profit: -27%
CHEEMS
Cheems is a Shiba Inu with a sarcastic buff who has appeared in many memes for his expressive expressions. Cheems' popularity can be traced back to September 4, 2017, when his family posted a photo of him, which made him popular on the Internet. He is also known for his favorite cheeseburger (Cheemshamburg).
Cheems' real name is Balltze, nicknamed Sponge Abu. On August 19, 2023, his owner announced that Balltze had passed away.
Highest market value: 8.32M
Current market value: 2.6M
24h trading volume: 3.3M
Today's 12AM (GMT+8) purchase maximum profit: 56%; current profit: -15%
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