How do low market value memes without hot narratives operate from scratch?

Author: Joyce

BlockBeats mentioned in today's "Alpha Morning Post | All Market Trends and Information You Need to Know on September 11" that the meme coin $abcde, which is named after the letters "abcdefghijkmnopqrstuvwxyz," has increased by over 50 times in less than a month since its launch, with a nearly threefold increase in the past four days, reaching a peak market value of 3.4 million USD.

abcde is a memecoin project that has managed to maintain an upward trend in the past month, which is quite rare. This is either due to the narrative heat it belongs to or the continuously growing community culture, and abcde belongs to the latter. After a nearly 80% increase in 24 hours, abcde gained more attention, but it may not necessarily continue to maintain its upward trend. However, from an operational perspective, the way abcde operates is of reference value for the community to find the next alpha meme.

Operation of servers, selling peripherals, and donating water wells

The abcde project operates a Minecraft server called abcde craft and has opened an official Twitter account for this server. It is reported that as of August 30, its operation has turned a profit, with a revenue of 100 USD. At the time of writing, the abcde craft's Discord community has 171 members and is currently holding a season event with a prize pool of 100,000 USD.

According to abcde, its ultimate goal is to gradually reduce token supply through the revenue from its product line, including Minecraft, Roblox, and other game servers, and it may also add servers for CS Surfing and Rust in the future.

In addition to game servers, abcde's official statement also indicates that it will venture into various profitable channels such as 3D models, comic books, peripheral products, and A-Z learning cards. For example, on September 2, ABCDE launched a channel for selling merchandise, offering a range of abcde peripheral products from backpacks, hats, hoodies to mouse pads, and cups.

These "businesses" mainly demonstrate the source of funds for the project to repurchase tokens for holders. In addition, abcde has also advanced charity work, collaborating with the Bitcoin Mandela Foundation to donate a water well to a village in Nigeria, providing drinking water for the local residents for the next 30 years. In the document, abcde also stated that it will continue to carry out charity initiatives such as renovating schools and sponsoring sports teams in the future.

After Vitalik sold all his meme coin holdings last month and donated the proceeds to charity, doing charity work has also become an operational method favored by various meme coin teams recently.

Token holdings and team background

The abcde team claimed to have destroyed 7.2% of the tokens at the time of launch and directly indicated the top 2 holders in the document, with one of them having locked the tokens through Lockedsupply.fyi (a locking protocol supported by Coinbase). The abcde project also announced that it will repurchase and destroy tokens every 120 days based on product revenue.

According to data from gmgn and Dexcreener, among the first 70 buyers of abcde, 61 traders have sold all their holdings, and the current holding share is 0.96%. The frequent buyers currently include the large addresses AyXeD…Emh and 7QpAx…dya. Both of them are early buyers of abcde, who quickly exited after making profits in the early stage and then increased their holdings in batches. Before the 80% surge in abcde's 24-hour period yesterday, these two addresses also made two additional purchases each.

In addition to operations, the most important reason why abcde can maintain its popularity is that several KOLs have made recommendations for it. In early September, KOLs with 13K followers such as @dillyxcooks, 15K followers like @beaverd, and 142K followers such as @orangie all tweeted about abcde.

BlockBeats discovered the presence of the abcde developer divine farmer (@shouldIgothere) in the KOL interaction area from these promoters' KOL interactions. Several days before these KOLs published related tweets, divine farmer had recommended abcde multiple times in their comment sections and expressed a desire to join @orangie's community.

Furthermore, before launching abcde, divine farmer was also a loyal community member of meme coins mog and wojak, frequently posting related content and interacting with the meme community, which to some extent laid a good foundation for the operation of the abcde project.

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