Author: WOO X Research
background
This cycle of meme craze was ignited by $BOME, and Pump Fun took over the fire. However, the feature of Pump Fun that allows everyone to issue coins also means that the differences between meme coins have been largely eliminated, and it also attracts many players to enter the meme battlefield in a simple way.
With so many competitors, golden dogs are becoming more and more difficult to mine. The most obvious example is that in the BOME era, you can expect the market value of golden dogs to reach 500 million, while Pump Fun can reach 50 million US dollars, which is already a ten thousandth. The miracle of one.
The decline in memecoin trading volume on Solana is also strong evidence.
Reference: @Syndica_io
So is the meme over? No, it’s evolved.
This wave of meme craze started with Neiro, the new dog adopted by Doge's owner. On-chain players naturally would not miss this opportunity to hype it up. Uppercase NEIRO and lowercase Neiro appeared in the market. Everyone knows what happened next. Binance launched spot lowercase Neiro, and its market value soared to nearly $500 million. In the macro environment, with the confirmation of a 50 BP interest rate cut, the market is expected to restore liquidity. The combination of the two benefits has opened up a new round of meme waves.
So what meme coins are being hyped in the market recently? Let WOO X Research show you!
Zoo chaos: Web 2 keyword narrative hype
MOODENG：
Built on Solana, the image of MOODENG, a pygmy hippopotamus in a Thai zoo, quickly became popular in the Web 2 world with its cute image, bringing the zoo $360,000 in revenue in three weeks in September, and also attracted more than 80,000 visitors. The official even launched a 24-hour live broadcast for it. Even X officials published an article for it, which shows that MOODENG is very popular in the Web 2 world.
MOODENG also extended the craze of Web 2 to Web 3. On September 10, the token of the same name appeared on Solana. The market value was only 500,000 US dollars on the second day of listing. As the charm of the little hippo in the real world continued to grow, the price of the coin continued to rise after two weeks. On September 25, OKX posted a photo of MOODENG on Twitter, which seemed to imply that the new coin would be listed soon. At that time, the market value of the coin rose from 80 million US dollars to 100 million US dollars.
The current market value is approximately US$120 million, an increase of more than 100 times in less than a month.
PESTO：
Built on Solana, the image is the penguin PESTO in the Melbourne Sea Life Aquarium. The reason for the popularity is similar to that of MOODENG, both of which are loved by the public because of their different appearance from other animals of the same species. What makes PESTO different from other black and white penguins is that its fur is brown, and it is taller and heavier than its parents. It is the heaviest penguin ever in the Melbourne Sea Life Aquarium.
The popularity of PESTO has been reported by international mainstream media such as BBC and CNN. Even the famous singer Katy Perry is a fan of PESTO.
There is MOODENG in the East and PESTO in the West
In terms of currency price performance, PESTO was created on September 18, later than MOODENG, and started with a market value of approximately US$1 million. Its current market value is approximately US$20 million, a 20-fold increase.
How will the zoo be hyped in the future?
Zoo meme coins mostly appear on the SOLANA chain
Use Web 2 traffic search tools such as Google Trend to find celebrity animals that have become popular recently but have no currency yet. Not only limited to the large amount of exposure in traditional media, but also pay attention to Web 2 social media, such as Tiktok, Instagarm, etc. For example, OMOCHI, a popular frog on Tiktok, has exceeded 11.5 million US dollars in trading volume within three hours of its launch today.
Musk Concept
TERMINUS
Built on ETH, the concept is Musk's "Mars City", which originated from Elon Musk's post in February 2020, in which he mentioned: "Mars is to Earth, as Terminus was to Trantor", which means that Mars is to Earth like Terminus is to Trantor.
Trantor is the capital city in Isaac Asimov's science fiction trilogy Galactic Empire. Many people speculate that Musk wants to make Terminus the first city after the immigration to Mars.
To be honest, this narrative is not sexy enough in terms of meme concept. First, Ticker is not intuitive enough, Terminus is too complicated to pronounce, and second, it is an old post and has little meaning. But it is worth noting that @liping007, an early investor of SHIB, bought a total of 1.5 E when the market value was about 160,000 and 460,000, and added 22 E of liquidity on September 24.
He also vigorously promoted TERMINUS on Twitter, and many well-known KOLs and users in the Chinese community, such as 0xSun, followed his footsteps and purchased it.
This meme coin is dominated by the Chinese community, which can be seen from the trading volume. The scarce trading volume during the GMT +8 time zone 0:00 ~ 08:00 is the best proof.
TERMINUS’s market value started at around 500,000, and its current market value is around 40 million, an increase of 80 times.
MARS
The concept is similar to TERMINUS, which was launched on September 25. It is also Musk’s Mars concept, but this Ticker is simpler and more straightforward, and has better spreadability.
The opening market value was approximately 1 million, the highest market value reached 18 million, and the current market value is approximately 8 million US dollars.
How will Musk’s concept be hyped in the future?
Musk’s concepts are mostly on ETH
The Mars concept was initiated by TERMINUS, so its trend is an important indicator. If it falls below the previous low of $25 million in market value, it is very likely that the meme narrative life cycle has been completed.
SUI Concepts
SUI has skyrocketed recently, with the token price rising from 0.76 to a maximum of $1.8 in September, an increase of 126%, attracting market attention and creating a wealth effect.
Crypto users who did not purchase SUI at the beginning will hold the mentality of the spillover effect of SUI's value increase and look for meme currencies (beta) that can be purchased on the chain. Therefore, the meme coins in the ecosystem will attract attention, funds will flow in, and there will be a wealth effect.
BLUB
It is the number one meme coin of SUI, with the image of a fish with a Pepe face, and the current market value is as high as 38 million US dollars.
Interestingly, BLUB’s token issuance time was September 1, which was close to the time when SUI started to rise. It also rose from a market value of US$3.5 million at the opening to a maximum of US$48 million, an 11-fold increase.
SUIB
As the name suggests, SUIB is the Shiba Inu coin on SUI. But what makes it special is that SUI co-founder @EmanAbio retweeted a post about SUIB on Twitter on September 24, saying that the project was created by Aftermath, a lending platform on SUI. In terms of hype, it is more like an officially certified meme coin.
According to the post by the co-founder of SUI, SUIB also soared from a market value of 250,000 to a maximum of 2.73 million US dollars, achieving a more than 10-fold increase. However, it should be noted that SUIB has extremely poor liquidity, with only about 400 million US dollars.
How will the SUI concept be hyped in the future?
Currently, most of the hype about meme coins on SUI is from a group of "Degens" who missed out on the rise of SUI itself, as well as the SUI ecosystem players themselves, who are still in the PVP stage on the market.
If we really want to attract a large amount of external funds to hype meme coins like SOL, then one of the necessary conditions is that Binance first launches top ecological projects on SUI, such as Cetus and Scallop. "Serious" projects must first be recognized by the market, otherwise the overall meme continuity will be difficult to maintain and it will easily become a flash in the pan.
Sui related tools
1. Recharge the exchange to withdraw Sui, and the chain also uses Sui as gas, which is equivalent to eth of Ethereum
2. Wallet
Sui Wallet https://suiwallet.com/
Suiet https://suiet.app/
3、Dex
https://app.turbos.finance/#/trade
https://app.cetus.zone/swap/
https://flowx.finance/trade/swap
https://dex.bluemove.net/swap
https://hop.ag/swap (aggregator)
4、bot
https://t.me/suibainu_bot (Don’t put too much money)
5、Pumpfun
https://movepump.com/
6. Charts
Dexscreen https://dexscreener.com/sui
Birdeye https://birdeye.so/token/chain=sui
7. Token Security
https://app.insidex.trade/
8. Block Explorer
https://suiscan.xyz/mainnet/coin
9、Trending
https://t.me/SuiTrends
10. New coin monitoring
https://t.me/SuiPairs
*The investment risk of Memecoin is extremely high, please be sure to do a good job of risk control.
