"Frequent trial and error at low positions, light positions to seek hundredfold gains" is the best solution when focusing on absolute head tokens.

Author: Nan Zhi, Odaily Star Daily

At 2 p.m. on September 27th, the internet-famous hippo concept token MOODENG 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 price 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.

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

Odaily will organize some head "internet-famous animal" concept tokens in this article and briefly interpret the differences between this round of market trends and the previous zoo.

Token Sorting

MOODENG

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

Source: Internet-famous hippo from 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: TikTok internet-famous frog, with the related account tomoflys having 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: Internet-famous emperor penguin from 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 Tourism Honorary Director" giant panda Huahua, with more domestic promotion on official video accounts including Chengdu Research Base of Giant Panda Breeding.

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: Instagram internet-famous 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: MOODENG's mother, which rose due to the official account of the zoo replying with the name today.

Will another round of "zoo" market trends lead to a collapse of the cryptocurrency market?

In 2021, DOGE rose crazily all the way, approaching a price of 1 USDT at one point, attracting many users. Funds overflowed into other meme tokens, such as SHIB, AKITA, PIG, FLOKI, all achieving astonishing gains.

However, the good times did not last long. After the concept of "zoo" was buzzing, the overall market also peaked. DOGE reached its highest record of 0.73995 USDT on May 8, 2021, and 11 days later, it experienced a major crash of 51.9%.

Currently, the Solana Meme market is also at a high emotional level. Internet-famous animals + any smart money leading usually means a market value of two to three million US dollars, but there have also been scenes of rapid selling after a quick peak. Therefore, participating players still need to pay attention to risk control, not forgetting the characteristics of Solana PvP. "Frequent trial and error at low positions, light positions to seek hundredfold gains" and focusing on absolute head tokens are currently the most suitable strategies.

Will this round of zoo market trends become the main cause of a market collapse? The author subjectively makes a judgment here: it will not. Regardless of the market's volume, leverage ratio, 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 trends and social media popularity, have PEPE and WIF broken through (peaked)?" and found that the spread of PEPE and WIF outside the circle was far from reaching the level of DOGE in its peak year, and tokens like MOODENG are still far from the market value of PEPE, so the risk is still limited to the meme market.

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