Recently, meme coins on the Solana chain have once again surged in popularity.
Moodeng (Gnome Hippo), which was created just half a month ago, has seen a maximum increase of over 28,000 times.
GOAT, created 6 days ago, has increased by thousands of times, reaching a market value of 300 million USD. One user turned a $727 investment into $2.44 million, achieving a return of 3,176 times.
KOL madman Murad claims that the performance of meme coins in this cycle will surpass everything.
Where will the wealth code of the next meme coin come from? The Wukong on the Solana chain has caught my attention.
Recently, multiple communities I am part of have been frequently sharing Wukong's Telegram mini-game. Currently, the number of users for this mini-game has exceeded 50,000, and the Telegram group has over 23,000 members, with rapid growth continuing. Many KOLs on Twitter have also initiated Wukong NFT whitelist lottery draws, attracting a large number of participants.
Although it has not yet launched, Wukong has already become the focus of the Solana chain due to its astonishing user growth rate, gaining momentum rapidly.
The Wukong project claims it aims to become the highest market value NFT and meme coin in the East.
WuKong NFT will officially start minting at 20:00 Beijing time on October 23. The project team has clearly stated that their goal is to benchmark against top NFT projects like Bored Ape Yacht Club, which have floor prices as high as 13 ETH. After the NFT minting is completed, the Wukong meme coin will gradually launch airdrops and mining activities.
Holders of WuKong NFT will receive a large amount of WuKong token airdrops and can participate in WuKong token mining activities.
Currently, Wukong has launched a large-scale airdrop event on the Solana chain, estimated to cover over 1 million addresses, including Solana meme coins, Solana NFTs, Solana mobile users, Raydium active users, BTC ecosystem, wukongx shovel users, Wukong NFTs, and other ecological projects. If your wallet holds relevant assets, you can now go to the project’s official website to claim the airdrop.
Previously, Wukong attracted over 310,000 addresses to participate through "zero transfer airdrops."
Follow my lead as we dig deep into whether Solana Wukong can become the next ten-thousand-fold meme coin.
Wukong—The NFT and Meme Coin of the East
Most of the past popular NFTs and meme coins have come from the West, while Eastern culture, especially Chinese culture, has been noticeably absent in the Web3 frenzy.
Asia has a population of 4.6 billion, accounting for 57.8% of the world's total population. However, the West, with its economic strength and talent advantages, firmly holds the discourse power in Web3.
Therefore, the Solana chain Wukong is positioned to awaken the power of the East, reshape cultural confidence, and create a high market value NFT and meme coin to compete with the Western Web3 world.
In recent years, governments across Asia have been calling for the development of Web3. With multiple favorable government policies and the push from large institutions, Web3 is rapidly developing.
The enthusiasm of South Koreans for cryptocurrencies has even created the term "kimchi premium," with one in five people trading coins.
The Japanese government is also actively promoting the Web3 industry, gradually relaxing regulatory requirements for virtual assets, and local governments are actively adopting Web3 technologies such as NFTs and DAOs.
India has the second-largest blockchain developer community after the United States, with about 13.2 million developers.
The vast Eastern Web3 user base needs a meme coin to carry a well-known IP. With the right timing, location, and people, the East should have its own representative meme coin project.
Meme Coin = Culture + Consensus + Fun
Looking at major IPs in the East, no image can surpass the influence of Wukong.
Strong Team Background: Nintendo Artist, Former Binance Employee
According to information from the official website and Twitter, the Wukong team has over 10 members who have successfully created several well-known NFT and meme coin projects, with backgrounds and strengths far exceeding most meme coin teams.
This includes former Nintendo designer Emily99, the creator of Wukong NFT, who participated in the character design of several games at Nintendo.
Jessica.eth: Worked at Binance for a year and a half, currently responsible for Wukong's marketing, focusing on creative digital marketing campaigns that resonate with the target audience.
Alex Johnson: An early OG in the Solana ecosystem, involved in the marketing of several Solana meme coins.
David Brown: Wukong's Chief Technology Officer, with extensive experience in smart contract programming. He has expertise in Rust language and decentralized applications.
Additionally, according to the project’s Twitter disclosure, the team has a design team of over 5 members. From the design and interaction of various interfaces on the official website, one can feel the team's meticulous craftsmanship and strong foundation in artistic design.
Covering 1 Million Users, Large-Scale Airdrop on Solana is Underway
According to project Twitter news, Wukong is conducting a large-scale airdrop event on Solana, expected to cover hundreds of thousands of users, involving Solana meme coins, Solana NFTs, Solana mobile users, Raydium active users, BTC ecosystem, and the Wukongx community. This airdrop event is expected to make Wukong one of the projects with the most token holders on the Solana chain.
The airdrop is currently ongoing, and holders of corresponding assets can go to the Wukong official website to claim the token airdrop.
With the token not yet launched, Wukong already has 310,000 holding addresses through "zero transfer airdrops." Coupled with this large-scale airdrop event, it is expected that Wukong's token holders will exceed 99% of Solana meme coins. Currently, the popular GOAT, although its market value has exceeded 300 million USD and its increase has reached thousands of times, has only about 18,000 holders.
KOL Ambassadors Exceed 1,000, Zero Transfer Activity Involves Over 200,000 Addresses, Telegram Mini-Game Surpasses 50,000 Users
On October 12, Wukong launched a global KOL ambassador program, attracting over 1,000 KOLs to participate in the whitelist lottery draw within just a few days. On October 16, Wukong released a dedicated Telegram mini-game, where users can earn token rewards and whitelist qualifications by playing the game.
In several Web3 Telegram groups, WeChat groups, and even Discord channels I joined, I have seen a large number of groups sharing their Wukong mini-game invitation links. Currently, the number of users for this game has exceeded 50,000.
On October 18, Wukong initiated a zero transfer airdrop activity on the Solana chain, which lasted for 48 hours, with 316,160 addresses participating in the transfer. Each participant will receive an airdrop reward of 288 tokens.
The Wukong team discovered over 100,000 witch addresses and will adopt an anti-witch solution to ensure that airdrops can be distributed to real players.
Currently, Wukong's Telegram community has reached 23,215 members, making it one of the most active projects on the Solana chain recently.
The rapid development of the Wukong project in a short time is also supported by its strong resources and channel backing. On October 12, Wukong announced its participation in the Fractal Bitcoin inscription wukongx shovel program, bringing a large amount of traffic and wide exposure to the project.
Benchmarking against Bored Ape, New Play for NFT Meme
The total number of Wukong NFTs is 10,000, and minting will start at 20:00 Beijing time on October 23, 2024.
Led by former Nintendo designer Emily99, over five top artists have collaborated on this project. According to community OG estimates, the current mint price is expected to be within 0.7 SOL. The floor prices of high-quality NFTs like DeGods and SMB Gen2 are around 18 SOL. If Wukong NFTs are issued at a price below 0.7 SOL, there will be significant appreciation potential for users.
Wukong NFTs occupy a blank market in the East, and in addition to their intrinsic value, they can also capture the value of tokens.
Current meme coins typically first undergo a round of PvP before forming a community, while Wukong builds its community through NFTs first, then allows NFT holders to receive token airdrops and participate in token mining.
The specific details of the Wukong token have not yet been fully disclosed, but according to official Twitter news, the token will be airdropped for free to users of multiple ecological projects, including Wukong NFT holders, Solana meme coin holders, Solana NFT holders, Solana mobile users, Raydium active users, BTC ecosystem community members, Wukongx shovel mining users, Wukong whitelist holders, users participating in Wukong's Telegram mini-game mining, and users involved in the zero transfer airdrop.
Whether the Wukong token can take over from Western meme coins and become the next skyrocketing PEPE is something we will eagerly await.
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