Original | Odaily Planet Daily (@OdailyChina)
Author | Asher (@Asher_0210)
"Has the Meme coin you recently purchased plummeted? If it has plummeted, do you want to continue to increase your holdings or cut your losses?" Asher, today I will give some motivation to those who 'still believe in the Meme long cycle and continue to explore potential Meme coins'.
First, you should know that Meme coins are prone to wild fluctuations because their liquidity pools are very small. For example, a Meme coin with a market cap of over $100 million may have only $3 million in LP liquidity, or even less. Thus, when community sentiment shifts, the token price can fluctuate dramatically, which is why it's often said in the community, 'If you want to earn dozens of times your investment, be prepared to lose 80% first.'
As the Meme father Murad previously stated on the X platform, 'The key to wealth in this cycle is to buy top Meme coins and hold them. Simple, but not easy. You will be tempted to trade. You will be tempted to sell, and then re-enter during a drop. You will be tempted to sell too early. Buy, hold, wait.'
I believe most of you have tried to earn more SOL through various PVPs by trading on the internal market, but most have ended up losing all the SOL in your wallets. Therefore, compared to PVP, in a bull market, 'researching, buying, and holding' is more likely to earn 'a substantial profit'. If the Meme coin you hold has a relatively small market cap, you could aim for tenfold or even hundredfold returns; if the Meme coin you hold has already surpassed a $100 million market cap, aim for the possibility of being listed on Binance.
In this bull market, Meme coins are one of the most talked-about sectors. Issues such as 'which projects to pay attention to', 'what is the suitable buying price', and 'when is the right time to sell' have become hot topics for group friends to discuss daily. Therefore, I will share weekly the Meme projects worth paying attention to, and review the performance of the projects focused on last week. Let's embrace the wave of Meme together.
Below is the key focus list for Meme this week: FRED, ai16z series (ai16z, ELIZA, degenai).
FRED
Project Introduction:
Fred is a raccoon, euthanized alongside the squirrel Pnut.
Reasons for optimism:
1. Binance's best content creator of 2024 @AhmetCrypto42 (Binance CEO Richard Teng interacted with him on Twitter) as the project ambassador, and the content in the tweets shows that @AhmetCrypto42 wants to work hard to get FRED listed on Binance.
2. In the top holdings of FRED, most addresses have achieved significant profits through PNUT. Recently, these addresses have shown a trend of reducing their PNUT holdings and increasing their FRED holdings. Additionally, since last weekend, multiple addresses have emerged that are building positions in FRED, ranking among the top 30 in holdings.
Price Performance:
According to GMGN data, FRED's market cap fell from a peak of $350 million to a low of $40 million, currently at $96 million.
Contract Address:
CNvitvFnSM5ed6K28RUNSaAjqqz5tX1rA5HgaBN9pump
ai16z
Project Introduction:
ai16z is a decentralized AI trading fund based on the Solana blockchain. As an 'AI Investment DAO', ai16z's core is to utilize AI agents to gather market information, analyze community consensus, and automatically conduct token trading both on and off the chain. This new model aims to combine AI trading strategies with decentralized governance through tokenization, providing investors with more transparent and trustworthy investment opportunities.
Moreover, the project has received 'endorsement' from Marc Andreessen, the founder of a16z, who tweeted the concept image of ai16z and the official Twitter link.
Reasons for optimism:
1. Today, ai16z partner Shaw shared recent updates of ai16z in his alpha community, stating that he has spoken with the creator manager of the X platform to discuss the future of AI agents on the platform. Overall, the creator manager is positive about all AI agents on the X platform; plans to launch the ai16z DAO's autonomous trading feature next week; and is in talks with companies such as the Ethereum Foundation, Magic Eden, and Jupiter for potential collaborations.
2. The team stated on November 24 that to prevent a recurrence of the 'ELIZA Upper and Lower Case Incident', they will only focus on the ai16z and degenai projects at present.
Price Performance:
According to GMGN data, ai16z's market cap fell from a peak of $600 million due to the 'ELIZA Upper and Lower Case Incident' (content can refer to: The Upper and Lower Case Controversy Resurfaces, eliza vs ELIZA has more drama than neiro vs NEIRO), reaching a low of $120 million, currently at $240 million.
Contract Address:
HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC
According to what Shaw said today, ai16z projects will announce multiple positive news soon. Therefore, the two 'homologous' projects of ai16z are also worth paying attention to, namely uppercase ELIZA and degenai. Due to the previous 'ELIZA Upper and Lower Case Incident', the following will focus on analyzing uppercase ELIZA.
ELIZA
Project Introduction:
ELIZA is an AI Agent supported by ai16z. The virtual image corresponding to Eliza is shown in the figure below, which is a black-haired girl in an orange outfit themed around ai16z.
Reasons for optimism:
1. AI Agent concept, with the backing of the ai16z project itself, ELIZA is expected to become a 'leader' when the AI Agent concept rises in the future.
2. A brief supplement on the 'Upper and Lower Case Incident':
The lowercase eliza tokens were voluntarily sent to the ai16z DAO, and the official (foundation address: AM84n1iLdxgVTAyENBcLdjXoyvjentTbu5Q6EpKV1PeG) did not transfer or sell, and the ai16z team itself did not dump the price;
The one who dumped the lowercase eliza was Logan (@futjr_), a partner of ai16z. According to Discord, due to this dump, the ai16z team has terminated their partnership with him;
10% of the total supply of uppercase ELIZA will be airdropped to lowercase eliza holders (on-chain record: https://solscan.io/tx/3yiFers7odN92p4bE6Yk9iFyXVxfmW4YdMRe8uT4ZcvK81E48LEiRyH1Y5Gop55R2cUeP6ZQE7fqAqNJv2jphuRW); 10% of the total supply will be allocated to ai16z DAO (on-chain record: https://solscan.io/tx/5f1YvP1PwoZWhex5xY4Mb9DuAGQEnxcoHZjzBKHjqfBqeY6Ky4WrN2PEdJKA2QubxCFTp6SniUd4YuWCzEPooTyW); the project itself holds 3% of the supply through the Squads wallet for future development, and this data is visible on-chain.
Price Performance:
According to GMGN data, ELIZA's market cap fell from a peak of over $100 million due to the 'ELIZA Upper and Lower Case Incident', reaching a low of $13 million, currently at $20 million.
Contract Address:
5voS9evDjxF589WuEub5i4ti7FWQmZCsAsyD5ucbuRqM
Last week's list
Introduction to a slow-handed party Meme strategy: How to ambush the next skyrocketing coin after a big drop?
