Recently, several MEME golden dogs have not been launched due to cultural wall issues.
Europe and America are the main forces driving MEME, and they are also the birthplace of MEME culture. This means that MEMES from Europe and America are more likely to emerge, but the cultural gap between the East and West often becomes an obstacle to understanding the narratives.
For example, the recent CHILLGUY, I didn't have time to keep an eye on the market, so by the time I saw it, it was already late. Several smart investors I was following had already entered, and the amounts were not small, so I paid some attention. Over 10m, the price is not low. I looked at the narrative, an artist, an animated character on social media. Then I saw it was posted more than 40 days ago, and calls started on November 16, so I couldn't take action anymore.
I didn't see any KOLs from the Chinese community in the top 20 popular posts. It seems that the cultural wall issue is not just my problem.
$CHILLGUY was able to reach 500m so quickly, in hindsight, it seems that when the calls were made, he was benchmarked against PEPE.
The two share many similarities: images widely spread on social networks, continuous derivative creations, very memorable imagery, and a relaxed sense of humor. Just when PEPE broke its previous high a few days ago, the feeling of a hundred billion market cap being within reach immediately opened up the imagination for CHILLGUY. Plus, various Tiktok-related concepts were thriving, reinforcing CHILLGUY's leading position.
Although I missed out, isn’t it true that one can only earn money within the range of their own understanding?
Now, holding onto an expectation of a market cap comparable to PEPE at 1/10, even if I buy, I might just do some swing trading. After all, the space is limited, and it might be better to continue looking for new opportunities.