The meme gameplays are different again, what are people trading now?

In the macro environment, with the decision to cut interest rates by 50 BP, the market is expected to restore liquidity, and the two positives add up to open a new round of meme frenzy.

Author: WOO

Background

The meme frenzy of this period was ignited by $BOME and relayed by Pump Fun. However, Pump Fun's feature of allowing everyone to create coins also means that the differentiation between meme coins has been largely flattened, coupled with the simple way to attract many players into the meme battlefield.

With fierce competition and the increasing difficulty in mining "golden dogs," the most notable example is that in the $BOME era, the market value of "golden dogs" could reach 500 million, while Pump Fun could reach 50 million US dollars, which is already a one in a thousand miracle.

The decline in meme coin trading volume on Solana is also a strong proof.

Reference: @Syndica_io

So, has the meme frenzy ended? Not at all, but it has evolved again.

The wave of meme frenzy was initiated by the adoption of a new dog, Neiro, by the owner of Doge. Naturally, players on the chain would not miss this speculative opportunity, and the market saw the appearance of NEIRO in uppercase and neiro in lowercase. As for what happened next, everyone is clear. Binance listed the lowercase Neiro spot, and its market value soared to nearly 500 million US dollars. In the macro environment, with the decision to cut interest rates by 50 BP, the market is expected to restore liquidity, and the two positives add up to open a new round of meme frenzy.

So, what meme coins have been hot in the market recently? Let WOO X Research show you!

Chaos in the Zoo: Web 2 Keyword Narrative Speculation

MOODENG:

Built on Solana, it is an image of a dwarf hippopotamus MOODENG in a Thai zoo. Its cute image quickly became popular in the Web 2 world, bringing in $360,000 in revenue for the zoo in three weeks in September, attracting over 80,000 visitors, and the official even started a 24-hour live broadcast for it. Even X official wrote about it, showing that MOODENG is extremely popular in the Web 2 world.

MOODENG also continued the trend from Web 2 to Web 3. On September 10, the token of the same name appeared on Solana, with a market value of only 500,000 US dollars on the second day of its launch. With the continued popularity of the real-world dwarf hippopotamus, the token price continued to rise after two weeks. On September 25, OKX even posted photos related to MOODENG on Twitter, seemingly hinting at the upcoming listing of a new token, and the market value of the token rose from 80 million US dollars to 100 million US dollars.

The current market value is about 120 million US dollars, achieving a growth of over 100 times in less than a month.

PESTO:

Built on Solana, it is an image of a penguin PESTO in the Melbourne Aquarium. Similar to the reason for the popularity of MOODENG, it is loved by the public because it looks different from other penguins of the same species. What sets PESTO apart from other black and white penguins is that its fur is brown and it is taller and heavier than its parents, making it the heaviest penguin in the history of the Melbourne Aquarium.

The level of popularity has been reported by international mainstream media such as BBC and CNN, and even the famous singer Katy Perry is a fan of PESTO.

MOODENG in the East, PESTO in the West.

In terms of token performance, PESTO was created on September 18, later than MOODENG, starting at around 1 million US dollars in market value, and the current market value is about 20 million US dollars, achieving a 20-fold increase.

How to speculate on the zoo in the future?

Most meme coins in the zoo appear on the SOLANA chain.
Use Web 2 traffic search tools such as Google Trend to find star animals that have recently become popular but have not yet appeared as tokens. Not limited to traditional media exposure, also pay attention to Web 2 social media communities, such as Tiktok, Instagram, etc. For example, the popular frog OMOCHI on Tiktok had a trading volume of over 11.5 million US dollars within three hours of its launch today.

Musk Concept

TERMINUS

Built on ETH, the concept is Musk's "Mars City," derived from Elon Musk's post in February 2020, where he mentioned, "Mars is to Earth, as Terminus was to Trantor," meaning that Mars is to Earth as Terminus was to Trantor.

Trantor is the capital in Isaac Asimov's science fiction trilogy "Foundation," and many people speculate that Musk wants to use Terminus as the first city for Martian immigrants.

To be honest, this meme concept is not sexy enough. First, the ticker is not intuitive enough, and Terminus is too complex and difficult to pronounce. Second, it's an old post with little significance. But it is worth noting that @liping007, an early investor in SHIB, purchased a total of 1.5 E when the market value was about 160,000 and 460,000, and added 22 E of liquidity on September 24.

He also vigorously promoted TERMINUS on Twitter, and many well-known KOLs and users in the Chinese community followed his footsteps to buy, such as 0xSun.

This meme coin is dominated by the Chinese community, and you can see a thing or two from the trading volume. The trading volume is scarce from 00:00 to 08:00 GMT+8, which is the best proof.

TERMINUS started with a market value of about 500,000 and currently has a market value of about 40 million, achieving an 80-fold increase.

Mars

The concept is similar to TERMINUS, launched on September 25, also a Musk's Mars concept, but with a more straightforward ticker and better spread.

The opening market value was about 1 million, the highest market value reached 18 million, and the current market value is about 8 million US dollars.

How to speculate on Musk concepts in the future?

Most Musk concepts are on ETH.
The trend of TERMINUS, which initiated the Mars concept, is an important indicator. If it falls below the previous low of 25 million US dollars in market value, it is highly likely that the meme narrative lifecycle has come to an end.

SUI Concept

Recently, SUI has surged, with the token price rising from 0.76 in September to a high of 1.8 US dollars, achieving a high increase of 126%, attracting market attention and creating a wealth effect.

Cryptocurrency users who did not buy SUI initially will hold a mentality of seeking meme tokens (beta) that can be purchased on the chain due to the spillover effect of SUI's value increase, thus attracting attention to meme coins in the ecosystem and attracting funds, creating a wealth effect.

BLUB

SUI, the number one meme coin, features a fish with a Pepe face and currently has a market value of up to 38 million US dollars.

Interestingly, BLUB's token was issued on September 1, which is close to the starting point of SUI. It has risen from an opening market value of 3.5 million US dollars to a peak market value of 48 million US dollars, achieving an 11-fold increase.

SUIB (Water Bank)

From the name, it can be seen that SUIB is a Shiba Inu coin on SUI. However, its special feature is that SUI's co-founder @EmanAbio retweeted a post related to SUIB on Twitter on September 24, indicating that the project was created by the SUI lending platform Aftermath. In terms of speculative concepts, it is more like an officially certified meme coin.

With the co-founder's post, SUIB also surged from a market value of 250,000 to a peak of 2.73 million US dollars, achieving over a 10-fold increase. However, it is important to note that SUIB has extremely poor liquidity, with only about 400,000 US dollars.

How to speculate on the SUI concept in the future?

Currently, most of the meme coin speculation on SUI is a group of "Degen" who missed the rise of SUI itself, as well as the players within the SUI ecosystem, still in the PVP stage.

If you want to attract a large amount of external funds to speculate on meme coins like SOL, one of the necessary conditions is for Binance to first list top ecological projects on SUI, such as Cetus and Scallop. "Serious" projects must first receive market approval, otherwise the overall sustainability of the meme narrative is difficult to maintain and is prone to being short-lived.

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