The official release of the first domestic 3A game "Black Myth: Wukong" caused a sensation on the entire network, and at the same time, a number of "Wukong" concept meme coins were also launched on various blockchains. These meme coins, like most of the previous similar coins, experienced an astonishing rise and then plummeted at the speed of light, and the overall market value was low and the trading volume was very low.

"Wukong Coin" was born out of nowhere due to the popularity of the game. "Black Myth: Wukong" was released on August 20, and the number of online users exceeded 1 million in the first hour, becoming a popular stand-alone game. The currency circle responded quickly, and related meme coins appeared on multiple public chains, but they have nothing to do with the official game. For example, the "wukong" token of the Uniswap platform and the "wukong" token of the Raydium exchange both experienced huge fluctuations and then fell. Previously, meme coins have repeatedly taken advantage of the popularity, such as the "Kotai Coin" of "All or Nothing" and the meme coin of the same name in "Squid Game", both of which went to "zero" after a short carnival.

Meme coin speculation relies on hot events, and the price fluctuates greatly. It lacks real value support, and investors face transaction difficulties, price slippage, capital loss risks, and may also encounter fraud. At present, most cryptocurrencies are worthless, and ordinary investors should stay away from marginal currencies. The meme coin market has declined recently, with both transaction volume and market value declining. In the future, meme coins may increase their value by developing communities and combining real-world scenarios, and may attract more regulatory attention.

Behind the "Wukong Concept Coin" is the wild growth of the "one-click coin issuance" platform. There are many coin issuance platforms for meme coins overseas with low thresholds. For example, Solana's ecological token issuance platform Pump.fun launched the "one-click coin issuance" function and opened free coin issuance, triggering a "national coin issuance wave". Its platform has deployed nearly 1.8 million tokens. In addition, TRON's ecological DEX SUN.IO has also launched a meme coin issuance platform. At present, the coin issuance process is simplified and the cost is reduced, resulting in a large number of low-quality projects emerging, affecting the health of the market, and may also involve illegal financing and fraud. It also prompted different regulatory policies in various countries, but tightening supervision is a general trend. The currency circle needs to establish a sound regulatory system to regulate the market.