The market is currently in a long-awaited emotional explosion phase, with the phenomenon of new narratives surpassing the market capitalization of old assets occurring frequently.
Written by: Deep Tide TechFlow
Today is November 14, 2024, and the current market sentiment index is 87, indicating that the market has entered an extreme greed mode. Specifically, in terms of sector performance, it can be said that "some are happy, while hundreds are worried"—BTC and various Memes are taking turns to perform, with listings, new highs, and dozens of times in price increases leaving people in a daze; meanwhile, most altcoins are actually lying low.
With $ACT and $PNUT leading the way, today Solana Meme is also galloping ahead, outpacing most coins in the market. Popular coins like $ai16z and $Shoggoth have all broken new highs, with weekly increases exceeding 1000%. Additionally, some new coins continue to capture market attention, with funds pouring in continuously. Deep Tide TechFlow has compiled a list of some Memecoins that surged in the market today for readers to understand the latest trends in bull market funding.
1. $🦅-Free Shayne Coplan - Supporting the Narrative of Polymarket's Founder
Contract Address:
AyxrBmqbzf169oe14XcSDMbgpUV1ntP6thcScYpYpump
24H Trading Volume: $150 million
Current Market Cap: $16 million
After the founder of the prediction market platform Polymarket, Shayne Coplan, was raided by the FBI, a Meme coin called "Free Shayne Coplan (FSC)" featuring an eagle was quickly launched on Pump.fun as a show of support. Shayne Coplan accused this incident on Twitter of being "political retaliation," which received a quick response from Musk, leading to the token's continued fermentation. The current price has surged and then retreated, with a current market cap of $16 million.
2. $OBOT(O.XYZ)-$IO Founder Starts Again
Contract Address:
7yZFFUhq9ac7DY4WobLL539pJEUbMnQ5AGQQuuEMpump
24H Trading Volume: $81 million
Current Market Cap: $31 million
O.XYZ is an AI project issued by Ahmad Shadid, the founder of IO.NET (@shadid_io). The white paper claims it is building the world's first decentralized super AI project governed by the community. $OBOT is the project token issued on Pump, personally promoted by the founder. Launched early this morning, the price has been continuously driven up by Ahmad Shadid's tweets, with the current market cap surpassing $30 million.
3. $LESTER
Contract Address:
5z3iCe53hUANTiG8Js8RjHNE2Arjik7L2CXLyr2rpump
24H Trading Volume: $40 million
Current Market Cap: $9 million
This morning, the official account of Litecoin ($LTC) @litecoin, one of the older coins that has cooled down, personally engaged in the meme phenomenon dominating market liquidity, stating that given the current market conditions, LTC is now recognized as a Meme coin. This move not only caused a slight increase in $LTC but also gave rise to the Solana-based Memecoin $LESTER.
4. $FRED
Contract Address:
CNvitvFnSM5ed6K28RUNSaAjqqz5tX1rA5HgaBN9pump
24H Trading Volume: $180 million
Current Market Cap: $231 million
$FRED, like the squirrel $PNUT, belongs to the "euthanasia" category, representing a raccoon that has been euthanized. Recently, after $PNUT has been continuously pumped, $FRED has also been on the rise, reaching a peak market cap of around $340 million.
5. $DOGE (Department of Government Efficiency) - Solana Version of the Department of Government Efficiency
Contract Address:
9TY6DUg1VSssYH5tFE95qoq5hnAGFak4w3cn72sJNCoV
24H Trading Volume: $135 million
Current Market Cap: $60 million
Still riding the recent wave of the Musk "D.O.G.E" concept, while the Ethereum mainnet's namesake coin is waning, Solana's $DOGE continues to rise, with a current market cap of $60 million.
Summary: High Market Heat, Constant Narrative Updates, Be Aware of Risks
Considering the current market sentiment indicators and the performance of Memes, which are "showing off whether they are human or ghost," the market is in a long-awaited emotional explosion phase, with the phenomenon of new narratives surpassing the market capitalization of old assets occurring frequently. However, amidst various great opportunities, many risks are also hidden. Be cautious not to get carried away while taking advantage of the trend, and carefully identify risks.
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