Written by: Observer Lao Wang
According to coingecko data, the market value of the meme sector has reached 50 billion US dollars, which is equivalent to more than 300 billion!
The key transaction volume is still 4 billion US dollars, and the liquidity reaches 8%!
What is the concept of this?
In the crypto industry, the market value is higher than the entire liquidity staking sector, which is only 47 billion US dollars;
The market value of the entire NFT market is less than 30 billion US dollars.
The market capitalization of those extremely popular Layer2/Depin tracks is only over 20 billion US dollars.
01 Value investment is nothing, all in meme lives in the palace
In May of this year, Binance issued an official report admitting defeat:
If you want to make money in the crypto world this year, you still have to speculate on memes. This sector has increased by 331% this year, far exceeding other sectors.
In this round, many VC coins have reached their peak as soon as they were listed on the exchange. Because the business has not been implemented, there are still a lot of VC shares to be unlocked. Whoever takes over will be a sucker!
However, meme coins do not have this problem. They are fully circulated directly on the stock exchange, and life and death are determined by fate, and wealth and honor are in the hands of God.
Ten years ago, the myths of getting rich quickly in the crypto circle were all about buying BTC/ETH, while the myths of getting rich quickly by losers in recent years were all based on memes.
As an ordinary user, if you can’t get a share of a high-quality project at a low price, and it doesn’t exceed ordinary people’s cognition, then don’t think too much about VC coins, and just study the meme!
02 In the last cycle, dogs dominated the market
In the current meme sector, dogs are the boss who rule this track.
In the list of the top 10 memes by market value, there are six dogs, three frogs and one cat, and the poor cat is only ranked tenth.
Dogecoin, ranked first, is far ahead of the second place, with a market value of more than 17 billion, accounting for 35% of the market value of the entire track.
The second-ranked ShiB (also known as Shiba Inu Coin) was born in 2020. It is said to be a masterpiece of the Shenzhen Ponzi scheme. Half a year after the project was issued, the daily trading volume was less than US$1, but now its market value is 10 billion US dollars!
The author knows a sister who got rich from Shiba Inu coins. She lives a plain and boring life in a top luxury house in the center of Shanghai every day.
The soul of the dog family is Elon Musk. After the Shiba Inu coin became popular, Musk posted on Twitter that he would name his pet Shiba Inu "Floki".
So we have $FLOKI, which now has a market value of 1.7 billion:
But the latest dog memes have become less closely associated with Musk:
First, Solana launched Bonk in 2023, claiming it to be an unusual dog. After being silent for about a year, it led to this year’s Solana local dog season. Now its market value is over 1.6 billion. If you had ambushed it last year, you could have made a hundred times this year!
At the end of last year, Solana also launched a token called WIF, which was also given about two months to get on board, and then it took off. It is now ranked fourth in market value, with a market value of more than 2 billion US dollars.
In April this year, Runes also released a new dog: DOG•GO•TO•THE•MOON (Runes). This token is currently the representative of Runes, with a market value of more than 500 million US dollars, ranking ninth. It is considered the latest work of the Chinese Ponzi scheme.
03 Cats Failed to Win
With dogs being so strong, cat memes seem much colder.
The cat that currently performs the best is this one. Maybe cat owners are less likely to act impulsively, and this POPCAT doesn’t look like a serious cat.
There was once a cat who put the problem into context: cat in a dogs world.
But this cat looks too serious, and the price of the currency has reached its peak since the beginning, so retail investors cannot make much money at present.
04 The Frog family quietly rises
When it comes to frogs, Pepe is definitely the leader:
Although this frog has only been on the market for over a year, there were opportunities to get on board throughout last year.
This frog actually has a great origin. If it is Musk who made dogs popular, then it is Trump who made Pepe popular:
Trump personally retweeted this meme, so does it influence the US election?
In fact, when it comes to cultural content, Pepe the frog actually goes far beyond dogs. This frog can be seen in various political movements:
Don't think this frog is fighting alone, he actually has a family, such as Brett:
Speaking of origin, Brett and Pepe are of the same origin, both from the work "boy's club" by cartoonist Matt Furied.
Brett began to be issued on March 1 this year. After more than three months of construction, its market value has increased hundreds of times and now reaches 1.5 billion US dollars, ranking seventh in the meme sector.
Speaking of which, the eighth place Bome is also a frog. The initiator of this representative, darkfarms, is a pepe secondary creation artist.
It was the bome token that kicked off Twitter’s bold move to raise money and issue coins.
05 Matt Furie is going to be deified?
From the above inventory, we can see that Matt Furie is actually the soul of the frog meme. Pepe and Brett are his original works; Bome is a secondary creation based on his work.
In addition, the market value of other memes written by Furie is also good:
After several months of construction, Hoppy is now valued at over 50 million US dollars:
Andyd’s market value is $150 million:
Landwolf’s market value is $140 million:
If you want to focus on the frog type, the Dark Lord might be the best one to ambush right now.
Not only because this frog is Matt Furie’s latest work, but also because this work is a direct product of his embrace of encryption, and it was directly issued as an NFT:
Matt Furie is currently based in the United States, and he can only issue NFTs because issuing coins directly is illegal.
This gives everyone room to create ownerless memes. As the competition in the current meme track is becoming increasingly fierce, I would not be surprised if another popular frog is released.
