Against the macro backdrop of interest rate cuts, the crypto market is gradually recovering, and the long-awaited MEME season seems to be quietly brewing.
Two weeks after uppercase $NEIRO went online, lowercase $Neiro quickly landed on Binance and skyrocketed nearly 30 times in two days, reaching an astonishing 600 times increase in just one month. The crypto community was excited, and many investors achieved financial freedom. The craze caused by $Neiro quickly spread out, completely igniting the discussion and participation of MEME projects on the chain. The Ethereum chain has been particularly active, with gas fees for ETH rising significantly, reflecting the surge in on-chain activity.
The following is an inventory of the hottest MEME projects on the three major public chains.
Ethereum Chain
BURGER
The recent actions of US presidential candidate Trump have set off a new wave of meme coins on the Ethereum chain. In particular, after he held a press conference for the crypto project World Liberty Financial and tweeted "FIGHT", the $FIGHT coin soared 500% in 24 hours.
In addition, Fox News reported that Trump recently used Bitcoin to buy cheeseburgers at PubKey, a Bitcoin-themed bar in New York, which once again set off the market. This action quickly brought the concept of "BURGER" into the spotlight.
$BURGER was launched at 6am on September 19th, and its market value remained stable below $10,000 in the first two hours. However, with the live broadcast of Fox News and the official Twitter account, $BURGER's market value soared to $6 million in just four hours, a 600-fold increase, and its 24-hour trading volume exceeded $15 million. Exchanges such as MEXC and AscendEX have announced the listing of $BURGER, and the market expects its price to hit a new high.
Burger
Affected by the NEIRO project, $BURGER also saw the phenomenon of uppercase coins driving lowercase coins. At 10 pm on September 19, lowercase $Burger was launched, and its market value once soared to 2 million US dollars. However, it quickly fell back after the surge, and its current market value is only 700,000 US dollars. Obviously, not every lowercase coin can succeed in counterattacking like $Neiro.
MISHA
$MISHA was launched at 1 pm on September 19th, inspired by the documentary "Vitalik: An Ethereum Story" released on the same day. In the film, Ethereum co-founder Vitalik Buterin mentioned his pet dog Misha for the first time, which quickly attracted the attention of the crypto community.
After $MISHA went online, its market value soared from $10,000 to over $10 million within 4 hours, and attracted a large amount of funds, with a 24-hour trading volume of up to $25 million. Subsequently, $MISHA landed on the MEXC exchange, further consolidating its market position. Despite the rapid growth of $MISHA, its future trend remains uncertain. If it can get more support from Vitalik, perhaps $MISHA can set off a new round of growth.
Solana Chain
TREES
When discussing the Solana chain, the price of the SOL token is a focus that cannot be ignored. According to Binance data, the current SOL price is $148, a 16% increase in two days. Compared with the EVM chain, Solana is more relaxed in the setting of meme token contracts, lacks complex restrictions such as taxation, whitelists, and blacklists, and creates a fairer competitive environment for the market.
BOME is the most representative meme token on the Solana chain. It was listed on Binance in just 3 days, setting a new record for the speed of meme coins being listed on top exchanges. Within a few days of listing, BOME's market value was close to $2 billion, but it has now fallen below $500 million, a 75% drop from its historical high. Despite this, BOME has sufficient liquidity and still holds more than 150,000 SOLs, and the market is full of attention to its future trends.
SLERF: From Mistakes to Miracles: The Sloth MEME Project
The Slerf project quickly became a hot topic in the crypto community with the phrase "Oh fuck!" On March 17, Slerf released fundraising information, and the project's Twitter account was only created that month. In a short period of time, Slerf successfully raised more than 50,000 SOLs, and planned to use 50% of the funds raised for pre-sales and the other half for the liquidity pool.
However, on March 18, Slerf founder @Slerfsol posted on the X platform that due to operational errors, the liquidity pool and airdrop tokens had been destroyed, and the coinage rights had been revoked, causing market shock. He apologized publicly, but was unable to make up for the losses, and pre-sale investors were helplessly trapped.
Nevertheless, this "de-large-capitalization behavior" triggered a buying boom in the market. Slerf's market value exceeded 100 million in just 30 minutes, breaking BOME's record and becoming the new MEME king. SLERF tokens were listed on multiple exchanges, and the price once climbed to $1.44, with a market value of nearly $700 million.
Today, although Slerf's market value has fallen to $84 million and its price is $0.168, its liquidity remains strong, and the project has repaid 90% of the funds of early investors through the sale of NFTs and donations. This opens the door to the project's compliance and is expected to continue to gain market support in the future.
BabyDoge on BNB Chain
Since the launch of the BabyDoge project in May 2021, it has quickly become the token with the most addresses on the BNB Chain with strong community support and a broad user base. On September 16, stimulated by the news that "Binance will launch BABYDOGE spot trading", the price of BabyDoge instantly soared by more than 40%.
Subsequently, BabyDoge officially announced that it would launch a new protocol and plan to burn more tokens. The protocol was initiated by the community, and the revenue will be used to buy back and burn tokens, further increasing scarcity and value. As of now, BabyDoge's market value has reached 350 million US dollars, showing continued appeal and market potential.
Catizen on Ton Ecosystem
Catizen, a Ton ecosystem project that will be launched on Binance at 6pm on September 20, has attracted much attention due to its strong fundamentals and market attention. According to OKX data, the price of Catizen before its launch has reached $0.83, and the corresponding fully unlocked circulating market value (FDV) is $830 million, surpassing the market value of most MEME projects on Binance.
For an introduction to Catizen, you can follow Zhuye and read previous articles
Compared with similar game project NOTCOIN, Catizen performs better in terms of token economics, market expectations and financial attention. Although there may be a short-term correction due to airdrop selling after going online, Catizen's rebound potential is still significant and is expected to catch up with or even exceed the market capitalization of NOTCOIN.
Overall, Catizen’s token economics are well designed, with broad market prospects and good investment opportunities.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
