Original | Odaily Planet Daily (@OdailyChina)

Author | Nan Zhi (@Assassin_Malvo)

At 2 p.m. on September 27th, the concept token MOODENG, a popular hippo, broke through a market value of 200 million US dollars, with a 24-hour increase of about 84%, becoming the focus of the entire market.

While MOODENG was rising, funds were also being brought back to Solana from other networks. The Ethereum Gas had been high in the range of 20-40 gwei in the past few days, but at the time of writing, it had fallen to around 10 gwei.

With MOODENG leading the way, Solana has started a new round of "zoo" frenzy, with various popular animals being successively brought to Pump.fun. And the emotions of participating users are very high. These animal tokens often skyrocket to millions of dollars in market value within half an hour of going online, showing signs of a crazy zoo market in 2021.

Odaily will list some of the top "popular animal" concept tokens in this article and briefly interpret the differences between this market and the previous zoo market.

Token Summary

MOODENG

Data: Market value of 200 million US dollars; 19,380 holding addresses; 24-hour trading volume of 45.7 million US dollars

Source: A popular hippo from the Khao Kheow Zoo in Thailand.

omochi

Data: Market value of 23.2 million US dollars; 8,029 holding addresses; 24-hour trading volume of 37.6 million US dollars

Source: A TikTok popular frog, the related account tomoflys has 420,000 followers and over 20 million likes.

PESTO

Data: Market value of 23.5 million US dollars; 8,378 holding addresses; 24-hour trading volume of 22.8 million US dollars

Source: A popular emperor penguin from the Melbourne Aquarium in Australia.

HUAHUA

Data: Market value of 4.6 million US dollars; 3,530 holding addresses; 24-hour trading volume of 15 million US dollars

Source: "Chengdu Cultural Tourism Honorary Director" giant panda Huahua, with official video accounts including Chengdu Research Base of Giant Panda Breeding, and the token has been heavily promoted domestically.

degen

Data: Market value of 2.5 million US dollars; 1,917 holding addresses; 24-hour trading volume of 15.6 million US dollars

Source: An Instagram popular otter with over 1 million followers.

JONA

Data: Market value of 2.3 million US dollars; 2,732 holding addresses; 24-hour trading volume of 11.2 million US dollars

Source: The mother of MOODENG, rose due to the official account of the zoo today.

Will another round of "zoo" market cause a collapse in the cryptocurrency market?

In 2021, DOGE rose all the way, approaching the price of 1 USDT at one point, and successfully broke through, attracting many users. Funds overflowed into other meme tokens, such as SHIB, AKITA, PIG, FLOKI, etc., all achieving amazing gains.

However, the good times did not last long. After the "zoo" concept was buzzing, the overall market also peaked. DOGE set a record high of 0.73995 USDT on May 8, 2021, and 11 days later, it experienced a major crash on May 19.

Currently, the Solana Meme market is also at a high emotional level. A popular animal + any smart money leading usually means a market value of two to three million US dollars, but there have also been scenes of rapid top and bottom killings. Therefore, participating players still need to pay attention to risk control, not forgetting Solana's PvP characteristics. At the same time, "frequent trial and error at low positions, light positions to seek hundredfold gains" and "focus on absolute top tokens" may be the most suitable strategies at present.

Will this round of zoo market become the main cause of a collapse in the overall market? The author subjectively makes a judgment here: it will not. Regardless of the market's size, leverage, and user composition, they are completely different from those of the previous year. On the other hand, when PEPE led the market in March, we analyzed the social media data in " Comparing the correlation between DOGE market and social media popularity, have PEPE and WIF broken through (peaked)?" PEPE and WIF's spread outside the circle was far from reaching the level of DOGE in the previous year, and tokens like MOODENG are still far from PEPE's market value, so the risk is still limited to the meme market.

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