In my opinion, the Chinese-speaking crypto community has never had a MEME.

Because in my opinion, people who play MEME, are similar to the hippies of the 1960s, the rockers of the 1980s, and the people who occupied Wall Street in the 2000s.

The original intention of the core users is not to harvest leeks, but to resist authority and injustice, and to be accepted by the mainstream society through unconventional means.

01. MEME must have cultural core

Looking back at the history of MEME coins, this is how Wikipedia describes it:

A meme coin (Memecoin) refers to a cryptocurrency originating from internet memes, funny pictures, or other humorous elements. [1]

At the end of 2013, a software engineer jokingly used the Doge internet meme to launch Dogecoin. Dogecoin started the craze for meme coins. As of June 2023, there are a total of over 340 meme coins on the market, the most famous being Dogecoin, Shiba Inu Coin, FLOKI, etc.

Indeed, many MEMEs were originally created for humor.

But I agree more with the phrase "The core of comedy is tragedy"

The popularity of the hippies in the 1960s was largely due to the opposition to war and the threat of the Cold War.

The rock craze of the 1980s was accompanied by a wave of opposition to authoritarianism:

And Bitcoin itself can also be considered a derivative of the 2007 financial crisis.

After a group of people put Bitcoin on a pedestal, Dogecoin, with its humorous role, led a wave of MEME coins, telling everyone that issuing coins is actually very simple.

Almost all MEMEs have the shadow of resisting authority and grassroots counterattack in their spiritual core.

02. Chinese people did not have MEME coins before

Before, the MEME coins launched by Chinese people actually did not have much of the core of resisting authority and grassroots counterattack.

The previous wave of MLGB, which was once a hot topic during the bull market, has completely disappeared.

In the past few months, most inscriptions have been shouting to become MEMEs, but most players still have the mentality of being leeks, with almost no more cultural connotations.

If there is a little bit, the Mouse Community is one example. They shouted to "unite retail investors to harvest institutions," and this phrase has almost become the unified slogan of the inscription circle.

But the image of a mouse is honestly difficult to resonate positively with the general public, always feeling a little shady.

But inscriptions are not considered coins after all, and from the perspective of the crypto community, inscriptions are more like NFTs.

And for various reasons, various MEMEs are carefully keeping their distance from the element of "resistance."

03. Inscriptions have cultivated a good market foundation

Chinese people have always held a pivotal position in the crypto market. We control the vast majority of mining machines/mining farms and exchanges in the world.

But we always have a feeling of being "Jewish."

Not only are we often suppressed by policies, but many Chinese projects have also been labeled as "Ponzi schemes" and "exit scams."

As a result, many Chinese projects have to find a foreigner to stand up for them.

But the booming inscription market has actually cultivated a good foundation for the Chinese market.

The entire inscription market is basically driven by Chinese people. We have effectively integrated resources from exchanges, communities, developers, and other aspects. Currently, the liquidity and market value of the top inscriptions are relatively stable.

Unlike before, when Chinese people were prone to tearing each other apart, this time we did a good job and even attracted many foreigners to join in:

In today's Chinese crypto community, many people have already settled overseas, and the risk of being restricted by the policies of a certain jurisdiction has been greatly reduced.

04. Can 9527 ignite resonance?

The recently popular MEME coin 9527 has made me very excited, not only because my Twitter account is demir9527, but also because I think the timing for Chinese people to promote MEME is indeed more mature.

I believe that a mature meme coin needs to have several qualities:

• Widespread cultural recognition

The IP of Stephen Chow is almost known to all Chinese people. This IP has a larger audience than the image of a mouse, and almost every movie of Stephen Chow is about the underdogs turning the tables and defeating the authorities.

• Strong core community

The core members who initiated the 9527 token this time are mostly from the original Mouse Community. These people have just made a fortune in the inscription market, each with at least several million US dollars in hand, and they also have a large number of supporters in the community.

• Appropriate social timing

Now Stephen Chow can be considered to have entered the Web3 circle. Not only has he released the Nobody series NFT, but he has also announced that he will launch the 9527 theater on Douyin, and the first short film will be released in May.

By then, 9527 may change from a term known only to Stephen Chow fans to a true cultural symbol.

And after a few days of development, although the 9527 coin has experienced some fluctuations, the bottom is still relatively strong, and the market value is only a little over one million US dollars:

In any case, personally, I think that currently, the most likely MEME to survive long-term like Dogecoin/SHIB in the Chinese-speaking world might be this 9527.

I wonder how much the coin price will rise when the 9527 theater is released in May~

P.S. Revealing a message just received:

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