
CryptoD | 1000X GEM|Mar 26, 2025 11:36
When Web3 loses its new narrative, Memecoin becomes the result of emotional accumulation
Q: Since last year's WIF main BOME, the meme season seems to have passed a year, and it can even be said that meme coins are the theme material of this cycle. Does Devin think this meme season is temporarily over? And how do you estimate the future cycle to run?
:
I think the reason why meme coins are so hot in this round is because it is the result of emotional accumulation over the past decade.
Except for BTC and a few L1 smart contracts, there hasn't been a new narrative in the cryptocurrency industry for a long time.
Many seemingly high-end VC coins ultimately only come to Web3 to harvest liquidity.
Because of this, memecoin, as a more grassroots and fair launch option, naturally gained a lot of market attention.
When people began to realize that Web3 had not really changed the world, memecoin became the main outlet for funds and emotions. Of course, if there are truly innovative or persuasive new narratives in Web3 in the future, the market's attention may be diverted from meme coins.
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