Original | Odaily Planet Daily (@OdailyChina)
Author | Asher (@Asher_0210)
Affected by last night's news that Coinbase added MOODENG to its listing roadmap, today's popular 'animal-themed' Meme has shown considerable gains, among which FRED, highlighted last week, had a peak increase of nearly 100%. Did you profit from this wave?
Recently, after discussing with some big players in Meme trading, I have gathered the following insights to share:
Currently, there are three sectors in Meme that are worth focusing on and allocating some positions: AI, animals, and science;
When trading Meme, never touch contracts; a 10% rise or fall can happen in an instant;
If it’s not suitable for PVP, don’t always think you can catch a 'big dog' for wealth; honestly look for secondary 'entry' opportunities;
Carefully research promising projects and 'increase positions in batches'.
In this round of the bull market, Meme coins, as one of the most watched sectors, raise daily discussions among group members about 'which projects to pay attention to', 'what is a suitable buying price', and 'when is the right time to sell'. Therefore, I will share weekly the Meme projects worth focusing on and review the performance of the projects we focused on last week. Let's embrace the Meme craze together.
Summary of Meme Holdings Last Week
ai16z Series (ai16z, ELIZA, degenai)
Price Performance:
For the three projects in the ai16z series, we focused on analyzing ai16z and ELIZA last week. According to GMGN data, after a week, ai16z has increased nearly 60% compared to last week's recommendation (from a market cap of $240 million to $380 million); ELIZA has increased 55% compared to last week's recommendation (from a market cap of $20 million to $31 million).
Project Dynamics:
1. Yesterday, the ELIZA framework v 0.1.5 from ai16z was updated and released, bringing approximately 300 new changes and features to the ELIZA agent.
2. Last weekend, ai16z held a Hacker House event in Shanghai, which received high praise from participants.
Current View:
Buy more as ai16z drops, hold ELIZA for the long term, currently at a $100 million market cap. AI + Meme, or AI Agent + Meme concept is currently my most favored direction. If I had to choose the most favored project in this concept, it would undoubtedly be ai16z. Although there was previously a 'ELIZA case sensitivity incident (explained in last article regarding some community misunderstandings)', currently the community discussion atmosphere and the update speed of the ai16z team both have the potential to become a leader.
FRED
Price Performance:
According to GMGN data, affected by news last night that Coinbase added MOODENG to its listing roadmap, FRED saw a peak increase of nearly 100% today, currently retreating to $0.08, with a market cap of $80 million.
Project Dynamics:
In addition to the ongoing hype in the community about listing on Binance, there have been no significant developments regarding the animal-themed Meme project itself. However, from the perspective of holdings, last week saw a reduction in the top holding address of PNUT and an increase in holdings of FRED.
Current View:
Hold firmly and buy on dips. For the animal-themed Meme, the current market cap of FRED the raccoon is less than $100 million, making it worth betting on a 'multiple times' return. Moreover, PNUT and FRED have a strong correlation; if you are optimistic about the future price of PNUT, FRED may perform even better. Be patient and wait for good news.
Key Focus List for This Week
Ban
Project Introduction:
Ban is a Meme coin based on the image of a 'banana taped to a wall' (for a detailed project analysis, see: Banana Taped to a Wall, Can the Art and Fruit Combination Concept Meme Coin Ban Take Off?).
Reasons for Optimism:
1. A Meme coin based on the concept of art + fruit, and the image itself is easy to spread;
2. The backing of Musk and Sun Yuchen, whether it was Musk previously sharing a photo of a large banana sculpture alongside SpaceX's Starship with a 'laugh-cry' emoji, or Sun Yuchen purchasing Maurizio Cattelan's iconic work 'Comedian' for $6.2 million and eating the 'banana', all contribute to the continuous hype around Ban.
Due to Ban's listing on Binance, similar to most Meme coins that go public on Binance, the price has continued to decline after the listing, and Ban has not yet shown significant signs of price reversal. Therefore, I am considering buying in batches near $0.1 (corresponding to a $100 million market cap).
Price Performance:
According to GMGN data, the market cap of BAN fell from a peak of $320 million to a low of $114 million, and is currently at $140 million.
Contract Address:
9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump
MAX
Project Introduction:
An AI Agent of Bitcoinists issued by the Oraichain team. The corresponding virtual image of MAX is shown above, depicting a girl with long black hair and arms marked with the BTC logo.
Reasons for Optimism:
1. A Meme project launched by the legitimate AI project Oraichain team, with its token ORAI currently valued at $200 million (Note from Odaily Planet Daily: Oraichain is a smart and secure solution for Web3, scalable Dapps, and decentralized AI, with a theme of high-interactive AI Layer 1, Scale-up with Layer 2 solutions, verifiable and trustless AI execution, decentralized data and AI platform, and highly applicable standardized protocols);
2. On the night of MAX token issuance, a Space hosted by Oraichain’s official Twitter attracted over 7,200 listeners, with a 24-hour trading volume exceeding $63 million;
3. The ORAI token now supports cross-chain transactions to the Solana chain, and MAX, as its officially issued AI Agent, has potential for hype.
Price Performance:
According to GMGN data, the market cap of MAX fell from a peak of $15 million to a low of $1.9 million, and is currently at $2.2 million. (Due to its relatively low market cap, the risk of going to zero is high.)
Contract Address:
oraim8c9d1nkfuQk9EzGYEUGxqL3MHQYndRw1huVo5h
