BlockBeats mentioned the meme coin $abcde in today's update of "Alpha Morning Report | All the market trends and information you need to know on September 11". It has increased by more than 50 times in less than a month since its launch, and has increased by 3 times in the past four days, with a maximum market value of 3.4 million US dollars.
ABCDE is a memecoin project named after the letters "ABCDEFGHJKMNOpQRSTUVWXYZ". Generally speaking, it is rare for a meme coin to maintain an upward trend in a cycle of nearly one month. It is either based on the popularity of the narrative or the constantly cohesive community culture. ABCDE belongs to the latter. After a 24-hour increase of nearly 80%, ABCDE has received more attention, and it may not be able to continue to maintain an upward trend. However, from an operational perspective, ABCDE's operating method is of reference significance to the community in finding the next alpha meme.
Operate servers, sell peripherals, donate water wells
The abcde project runs a Minecraft server called abcde craft and has an official Twitter account for the server. It is said that by August 30, its operation had turned a profit, with revenue of $100. As of writing, the abcde craft Discord community has 171 members and is currently holding a season event with a prize pool of $100,000.
According to abcde, its ultimate goal is to gradually reduce the supply of tokens through the revenue of its product lines (including game servers such as Minecraft and Roblox), and plans to add servers such as CS Surfing and Rust in the future.
In addition to game servers, abcde officials also said they would get involved in a variety of profit channels, including 3D models, comic books, peripheral products, A-Z learning cards, etc. For example, on September 2, ABCDE launched a merchandise sales channel, selling a series of abcde peripheral products, from backpacks, hats, sweatshirts to mouse pads, water cups, etc.
These "businesses" are mainly to show holders the source of funds for the project to repurchase tokens. In addition, abcde has also promoted charity work and cooperated with the Bitcoin Mandela Foundation to donate a well in a village in Nigeria, providing local residents with drinking water for the next 30 years. In the document, abcde also stated that it will continue to implement charitable initiatives such as renovating schools and sponsoring sports teams in the future.
After Vitalik sold all the meme coins he held at the time last month and donated the proceeds to charity, doing charity has become a popular operating method for various meme coin teams in recent times.
Holdings and team background
The abcde team said that 7.2% of the tokens were destroyed when it went online, and directly marked the top two holders in the document, indicating that one of them had locked the tokens through Lockedsupply.fyi (a locking protocol supported by Coinbase). The abcde project also announced that it would repurchase and destroy the tokens every 120 days based on product revenue.
According to gmgn and Dexcreener data, 61 of the top 70 buyers of abcde have sold all of them, and the current position share is 0.96%. The current large-scale addresses that frequently buy are AyXeD...Emh and 7QpAx...dya. Both are early buyers of abcde. They quickly exited after making profits in the early entry, and then increased their positions in batches. Before abcde rose 80% in 24 hours yesterday, these two addresses also had two positions each.
In addition to operations, the most important reason why abcde can maintain its popularity is that there are several KOLs calling for orders for it. In early September, @dillyxcooks with 13K followers, @beaverd with 15K followers, and @orangie with 142K followers all tweeted about abcde.
BlockBeats discovered the presence of abcde developer divine farmer (@shouldIgothere) from the KOL interaction area of ââthese order-callers. A few days before these KOLs posted relevant tweets, divine farmer recommended abcde many times in their comment area and hoped to join @orangie's community.
In addition, before launching ABCDE, divine farmer was a loyal community member of meme coins mog and wojak. He frequently posted related content and interacted with the meme community, which to a certain extent laid a good foundation for his operation of the ABCDE project.
