Art, AI agents, DAOs… How many perspectives can there be on meme coins?

Written by: Alex Liu, Foresight News

Illustration by: Kiet, Foresight News

Note: "Weekly Hot Searches" statistics are compiled from user search results on Foresight News from last Friday to this Thursday (October 25 to October 31), with case sensitivity for the same concepts merged.

Continued Popularity of Memes

This week, everyone has found a new angle PvP — art. According to Lookonchain monitoring, Sotheby's vice president Michael Bouhanna previously bought many types of "meme" coins but made almost no profit. He launched a meme coin called "BAN" using a wallet starting with 5W7U, earning over $1 million on BAN with just one internal wallet. Michael Bouhanna had publicly commented that the wallet starting with 5W7U was his address (the post has since been deleted), and that address is also the deployer of BAN. Although he was pressured to destroy 37.36 million BAN in the wallet, he profited over $1 million by purchasing BAN with the internal wallet.

The reason for the continued enthusiasm for memes is simple: the wealth effect remains strong — a smart money address spent only 2.97 SOL ($518) to buy 80.77 million art meme coins BAN during the internal trading phase, accumulating a profit of $1.25 million, with a return rate of up to 2414 times. This address seems to be an "Alpha Hunter," trading 80 tokens in the past seven days with a win rate of 60%, skilled at making small purchases during the internal trading/new coin low market cap phase and then quickly selling. The current realized profit is $177,000. Of course, the greater possibility is: he is an insider of many projects.

The heat of memes may also be driven by "airdrop" hunters. "Pump" tokens may be just around the corner: According to The Block, pump.fun has announced a token issuance in X Spaces. Gate.io has also announced that it will start pre-market OTC trading for Pump.fun (PUMPFUN) on October 30 at 23:30. Recommended reading: Is Pump.fun about to issue tokens? The studio has already opened the book A quick overview of the latest updates from Pump.fun Space.

pump.fun has also launched significant updates on the product level, such as the new advanced trading terminal Pump Advanced. The main views of Pump Advanced include charts, TOP holder statistics, advanced filters, real-time update threads, and other features. The site also allows users to log in through the identity verification platform Privy, using non-custodial wallets, with 0% fees for the first 30 days.

Additionally, the latest AI + DAO and on-chain "AI" agent gameplay, recommended reading:

• daos.fun: The next liquidity black hole? AI memes are hot, but can’t keep up, DAO funds + memes are coming?
• Base AI agents are thriving, who will compete with Virtuals and Aethernet? AI agents are opening the door to the next cyber society.

Morph Officially Launches on Ethereum Mainnet

The consumer-grade public chain "Morph" has officially launched on the "Ethereum" mainnet. During the Morph testnet period, over 6 million addresses registered, more than 100 million transactions were executed, over 200 projects were deployed, and more than 1 million community members participated. Additionally, Morph recently initiated a Centralized Exchange Coalition, uniting several exchanges including "Bitget," HTX, MEXC, and Poloniex, to provide comprehensive support for market promotion, user acquisition, and financing for developer projects.

Polymarket and Election Trends

According to Lookonchain monitoring, in October, 10 whale addresses spent a total of $70.6 million betting on "Trump" to win the U.S. election on "Polymarket."

Trump's stance on crypto is very clear; on October 31, he tweeted, "I want to wish our great Bitcoin enthusiasts a happy 16th anniversary of the publication of Satoshi's Bitcoin white paper. We will end Harris's war on cryptocurrency, Bitcoin will be made in America, vote for Trump."

What impact will the election have on the market? Recommended reading: Is Trump the chosen one? How does the trading market view the election trends Derivatives traders seem to be preparing for a bullish trend in Bitcoin a few days after the U.S. election on November 5.

More Hot Terms Dispatch

• AI data layer protocol "Grass" opens airdrop claims.
• TIA completed a massive unlock this week; how will the market develop? Recommended reading: TIA is about to unlock a large amount, will it cause market panic? Negative impacts may have already been digested.
• Currently, Wintermute holds 14.29 million "GOAT," making it the second-largest holder. This address also holds approximately $10.61 million in MOODENG, $7.01 million in PONKE, and $5.43 million in MEW.
• Hong Kong Legislative Council member (Technology and Innovation sector) Paul Chan stated during the establishment event of the Hong Kong Compliance Industry Association, "I believe stablecoins represent a huge market, and various countries are trying it out, which is of great interest. However, we need to wait for the regulatory details from Hong Kong before moving forward. As a legislative council member, I am interested in whether we can issue a stablecoin based on the Renminbi in Hong Kong; this is a huge market."
• Zhang Yinghua, Chief Institutional Business Officer (CIBO) of Hong Kong digital asset company OSL, revealed during the "Liquidity and Ownership of Stablecoins and Tokenized Capital Markets" panel discussion at Hong Kong FinTech Week (HKFTW) that real-world assets (RWA) will be a key focus of OSL's future development strategy, and they are ready to tokenize more different types of asset classes, while hoping to encourage more traditional enterprises, financial institutions, and commercial companies to integrate their existing businesses onto the blockchain.
• After Musk shared the "D.O.G.E." plan at a large rally for Trump, "DOGE" broke through 0.165 USDT.

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