Who is superior to whom?

Written by: Alex Xu

What I question is Murad's excessive packaging and beautification of the grand narrative surrounding the Meme cycle;

Murad has been quite popular lately, which can only be said to be a case of "each generation has its own legends." Murad entered the crypto space not too early (in 2016), and his past investment experiences cannot be deemed successful (Adaptive Capital, founded in 2019, went bankrupt a year later during the 312 incident). However, this year he began to find his main task in this cycle: constructing the Meme narrative. As he himself stated: "At the beginning of 2024, I started trying to understand meme coins from the perspective of first principles."

In June, he began sharing his meme trading insights and targets within the community. Over the next three months, he gradually completed the famous list of Meme targets that would "erupt in the next super Meme cycle." As this list featured wealth codes represented by SPX, combined with Murad's speeches on the "super Meme cycle," Murad subtly became the new god of Memes.

Murad's Core Views

In Murad's speech on the "super Meme cycle," he presented some "seemingly sharp" viewpoints, which form the logic for the arrival of the Meme super cycle:

1. There is an oversupply of value coins from VC investments, with valuations increasingly high, and price performance is unsatisfactory.
2. Value coins are products of VC schemes, making it difficult for retail investors to share in the profits and only able to take over.
3. Value coins have a relatively clear business model, thus there is a ceiling on their valuations.
4. Whether value coins or meme tokens, they are all tables in a casino, so why not create your own table to play?
5. Meme coins are purer than value coins because they only need to focus on "community" and "tokens," while value coins also need to consider software development and operations.
6. Meme coins provide: fun, reduced feelings of loneliness, identity recognition, hope, friendship, participation in cutting-edge culture, a sense of belonging, teamwork experiences in the crypto industry, and a stronger sense of involvement, bringing resonance, emotional connections, a sense of mission and meaning, entertainment, and happiness. They even promote charitable causes, collective artistic expression, collective imagination of reality, storytelling, and legend building.
7. VCs dislike meme coins because they threaten their core business: selling air.

Additionally, in another interview, Murad provided the screening criteria for Memes:

1. Mid-cap coins between 5 million and 200 million dollars.
2. Located on Solana and Ethereum.
3. At least six months of history.

Yes, these criteria seem broad and random.

Rationally and objectively viewing

I do not intend to criticize Murad's complaints about VC coins; he is not wrong, but some of it is cliché, and the market has already punished poor-quality VC projects through the decline in market value and the immediate failure of many projects upon launch (secondary market not picking up). **

What I question is Murad's excessive packaging and beautification of the grand narrative surrounding the Meme cycle.

• The so-called "creating your own table to play" is something retail investors realistically cannot "build their own table and take money from it."
• The claim that meme coins provide identity recognition, cutting-edge culture, and a sense of belonging—can investors still detach from the pain of investment losses and continue to experience these positive emotional values in zeroed-out Meme projects?

I think it's nonsense.

Like most useless VC coins, what makes Memes successful has never been the lofty "community culture," but rather the schemes of market makers like Gobit, which recently paid tens of millions in fines to the FBI for market manipulation, and the close cooperation of KOLs like Murad standing in the spotlight.

Who is superior to whom?

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。