After Trump basically confirmed his election as President of the United States, Bitcoin has been surging upwards. Unlike previous rises where it "sucked blood" from altcoins after Bitcoin's market share reached 60%, this time, both Bitcoin and altcoins have risen together. Web3 investors seem to have realized that chasing Bitcoin at this point is not the best choice; instead, they are opting for altcoins that are clearly undervalued. Many altcoins are currently in a phase of being undervalued, with Meme coins experiencing the most significant rebounds.

As Murad stated in a social media post, "Understanding Meme is to recognize the unstoppable tokenized community, which is the true insight. We are in the early stages of the Meme coin super cycle."

The leading centralized exchange (CEX), Binance, has also recently listed several Meme coins. The culture of Memes is still in a stage of continuous development, from the earliest Meme coins like Doge and Pepe, which have already gained significant popularity as internet animal memes, along with their "related products" like Bome, to the recent hot new concept "AI Meme" such as GOAT and ACT, as well as some new animal meme images like Neiro and Mew.

In this article, we will compare the rebound situations of these Meme coins since Trump took office and their current market values.

"Dog" Series

DOGE

As the earliest Meme coin, DOGE marks the beginning of meme culture, backed by Elon Musk's support. Elon Musk once claimed he would make DOGE reach a price of 1 dollar per coin. Trump's successful campaign benefited from Elon Musk's "gold medal assistance," leading to extremely enthusiastic speculation around DOGE. Since the crypto market reacted to Trump's campaign activities on November 5, DOGE has risen by a maximum of 78.19%, with a current market value of 41.14 billion dollars, ranking sixth in market capitalization.

NeiroCTO & Neiro

Neiro, as the new Shiba Inu that succeeded Doge after its demise, has gained significant popularity since its launch. Many in the market believe Neiro will replicate Doge's wealth myth, leading to a capitalization dispute on Ethereum. Since the crypto market reacted to Trump's campaign activities on November 5, NeiroCTO has risen by a maximum of 119.71%, with a current market value of 1.02 billion dollars, while Neiro has risen by 60.77%, with a current market value of 9.386 million dollars.

WIF

DogWifHat can be considered the best-performing Meme coin listed on CEX in 2024. After launching at a price of 0.3 dollars on Binance, it reached a peak of 4.8 dollars after a brief consolidation, achieving a maximum increase of 16 times. Legendary trader Nachi made over 20 million dollars in profit from WIF, which is currently the largest Meme in the Solana ecosystem. Since the crypto market reacted to Trump's campaign activities on November 5, WIF has risen by a maximum of 54.44%, with a current market value of 3.01 billion dollars.

"Frog" Series

Pepe

Pepe is a highly popular Meme on the Ethereum network in 2024. The frog Pepe has already gained significant popularity in both Web2 and Web3 networks. As an old meme, it has performed exceptionally well this year, riding on Bitcoin's strong performance from February to March, resulting in a "main rising wave" trend. Since the crypto market reacted to Trump's campaign activities on November 5, Pepe has risen by a maximum of 59.45%, with a current market value of 5.1 billion dollars.

Bome

Bome is also the "golden dog" on the Solana chain in 2024, created by an artist's artistic interpretation of a frog in the Book Of Meme, aimed at documenting all meme culture. It also set a record for being listed on top CEX within three days. Since the crypto market reacted to Trump's campaign activities on November 5, Bome has risen by a maximum of 40.00%, with a current market value of 640 million dollars.

"Other Animals"

RATS

RATS is an inscription on Brc-20, often referred to as the "most out-of-the-box meme." After SATS and RATS were listed on Binance, the popularity of inscriptions gradually declined. Following a brief surge, it began to fall. During the "anti-VC frenzy" in June, RATS surged by 70%, but ultimately did not maintain its upward momentum. Since the crypto market reacted to Trump's campaign activities on November 5, RATS has risen by a maximum of 56.22%, with a current market value of 12.1 million dollars.

MOODENG

MooDeng is a cute hippopotamus from a Thai zoo, which has interacted with the Thai embassy in Tokyo and the cosmetics company Sephora Thailand. Additionally, well-known media outlets such as CNA (Channel News Asia), US TODAY, and NBC have recently published special reports on the heated discussions surrounding Moo Deng, which once became the top token by market value during a pump. Since the crypto market reacted to Trump's campaign activities on November 5, MooDeng has risen by a maximum of 199.94%, with a current market value of 351 million dollars.

Pnut

Pnut is the name of a pet that mechanical engineer Mark Longo took home after witnessing a mother squirrel tragically die in a car accident over seven years ago. On October 30, officials from the New York State Department of Environmental Conservation arrested Peanut without a search warrant and euthanized it. Peanut was deemed an "illegally kept wild animal," which the public did not accept. The satirical news site Babylon Bee stated, "Radical squirrels wearing MAGA hats are starting to rise up." Elon Musk has also voiced support for Peanut multiple times on social media. This controversy surrounding Peanut has been portrayed as an unusual attack on the Democratic Party and even as a political weapon in the public discourse. On November 11, 2024, at 13:38 UTC+8, Binance announced the listing of Pnut, which subsequently surged, reaching a maximum increase of nearly 4 times.

"AI Meme"

GOAT

GOAT, short for goatseus maximus, was conceived by the AI Bot truth_terminal (which was once invested in Bitcoin worth fifty thousand dollars by a16z founder Marc Andreessen). As the leading AI meme, it has the support of many legendary traders, such as Eugene Pigeon and Nachi. After a slight pullback upon listing on Binance, it quickly rebounded. Since the crypto market reacted to Trump's campaign activities on November 5, GOAT has risen by a maximum of 90.5%, with a current market value of 840 million dollars.

ACT

ACT is a coin that helps and makes ampdot work known (ACT 1), as ampdot is a researcher Chad brokie whose work is changing the space of AI social agents. On November 11, 2024, at 13:38 UTC+8, Binance announced the listing of ACT, which subsequently surged, reaching a maximum increase of nearly 10 times. The "second leader" of AI Meme seems to have been clearly established after this announcement.

Whether it is the most original and recognized narrative of meme culture, the "animal narrative," or the newly generated narrative of AI meme; whether it is the so-called "old meme" or the recently issued "new meme," it is not difficult to find that meme culture is always a highly recognized narrative in the market. Most Meme coins in CEX have rebounded better than most other altcoins in BTC.

As Murad said, we are experiencing the Meme SuperCycle. Meme coins are undoubtedly a very important component of asset allocation in Web3. Whether in decentralized exchanges or centralized exchanges, they are all chasing the trend of Meme coins, which have "generated an outstanding wealth effect." In the Meme SuperCycle, we can increase our focus on Memes over a longer period, searching for new narratives on-chain, which may be new developments in AI memes or entirely new stories; seeking Meme coins with stronger market consensus in CEX to achieve Alpha returns exceeding BTC.

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