Against the macro backdrop of interest rate cuts, the crypto market is gradually recovering, and the long-awaited meme season seems to be brewing.
Two weeks after the launch of the capital $NEIRO, the lowercase $Neiro, which represents the power of the community, was launched on Binance and soared nearly 30 times in just two days, and reached an astonishing increase of 600 times in the past month. The crypto community cheered for this, and many investors achieved financial freedom again. The craze caused by the lowercase $Neiro not only quickly went viral, but also thoroughly ignited the discussion and participation of the on-chain meme.
Recommended reading: NEIRO: Who is the real one? Review of Binance’s new coin NEIRO’s 600-fold increase in one month!
The Ethereum chain has been hit hardest, with ETH’s gas fees rising significantly recently, reflecting the market’s high demand for on-chain activities.
This article will review several hot meme projects on the three major public chains in the context of interest rate cuts from the perspectives of transaction volume, fund pool size, and recent popularity. (Non-financial advice, DYOR)
Ethereum
BURGER
A series of recent actions by US presidential candidate Trump have triggered a wave of meme coins. In particular, after he held a press conference for the cryptocurrency project World Liberty Financial, he sent out a tweet "FIGHT", which caused the $FIGHT coin to surge 500% in just 24 hours.
In addition, Fox News reported yesterday that US presidential candidate Trump used Bitcoin to buy a cheeseburger at PubKey, a Bitcoin-themed bar near New York University, which quickly popularized the concept of "BURGER" and once again sparked heated discussions in the market.
$BURGER contract address: 0x0c2e08e459fc43ddd1e2718c122f566473f59665
$BURGER went live at 6am on September 19th. During the Fox News live broadcast, Trump started using Bitcoin to buy cheeseburgers at 5:44am. Within just 15 minutes, a dev had laid out $BURGER. It is worth noting that when it was first launched at 6am, until 8am, the market value of $BURGER remained stable at less than $10,000, which is a very small plate.
$BURGER went live at 6am on September 19th. It is worth noting that during the Fox News live broadcast, Trump used Bitcoin to buy a cheeseburger at 5:44am. In just 15 minutes, the developers quickly laid out the $BURGER project. It is worth mentioning that when $BURGER was first launched at 6am, its market value remained below $10,000, and it was still a very small market value before 8am.
The official Twitter account of $BURGER posted its first tweet at 6:35 a.m. In the following two hours, the market value soared rapidly, climbing to $6 million by 10 a.m., a 600-fold increase in just four hours, and the 24-hour trading volume exceeded $15 million. Currently, exchanges such as MEXC and AscendEX have announced the listing of $BURGER, and the price is close to its historical high. The market expects it to set a new high.
$Burger
$Burger Contract Address: 0x01e7cd5ce65bdf04de97c22f817123cd0e9eca0d
Affected by the NEIRO project, capitalized coins are often followed by lowercase coins. Sure enough, at 10 pm on September 19, the lowercase $burger was launched, and its market value once rose to nearly 2 million US dollars. However, after a rapid rise, it fell back, and its current market value is only 700,000 US dollars. It seems that not every lowercase coin can catch up like $Neiro.
$MISHA
$MISHA contract address: 0x0ccae1bc46fb018dd396ed4c45565d4cb9d41098
$MISHA was officially launched at 1 pm on September 19th. It was inspired by the documentary "Vitalik: An Ethereum Story" released on the same day. In the film, Ethereum co-founder Vitalik Buterin mentioned for the first time that his pet dog was named Misha, which attracted the attention and resonance of the crypto community.
$MISHA set off a frenzy as soon as it went online. The project's market value soared rapidly from the initial $10,000 to over $10 million in just 4 hours, attracting a large amount of capital inflow. Within 24 hours, $MISHA's trading volume reached $25 million, an extremely impressive performance.
As the popularity continues to rise, $MISHA quickly landed on the MEXC exchange, further consolidating its market position. Although $MISHA has shown impressive growth potential, its future trend is still full of uncertainty. As the community continues to expand and market sentiment changes, it remains to be seen whether $MISHA can continue to break through in the highly competitive meme coin market. However, if it can gain further attention or support from Vitalik Buterin, perhaps $MISHA will be able to set off another round of rising prices.
SOLANA
When discussing the Solana chain, the token price is undoubtedly an important focus. According to Binance data, the current price of SOL is $148, with a 16% increase in the past two days. In March of this year, SOL experienced a significant meme boom. Compared with the EVM chain, Solana is more relaxed in the contract setting of meme tokens and lacks complex restrictions such as taxation and whitelist and blacklist settings, which provides a more fair competition environment for the market.
In particular, the pre-sale boom triggered by BOME, whose tokens achieved a 1,000-fold increase in value in just three days after listing on Binance, directly promoted the meme token trend within the Solana ecosystem. This series of pre-sale activities not only enriched the market categories, but also made the meme ecosystem on the Solana chain relatively large. Various token pre-sales have created a relatively large pool of memes on the Sol chain.
BOME
Among memes with a market value of less than $1 billion, the most famous one on the Solana chain is BOME. Usually, it takes a long time for a meme coin to be listed on a top CEX trading platform. For example, it took Shiba Inu several years, Bonk half a year, Pepe 2 months, and WIF only 1 month. However, BOME broke this record and was successfully listed on Binance in just 3 days.
BOME's rapid listing on Binance shocked many crypto projects, after all, many projects have not achieved this goal after years of hard work. In just three days after its launch, BOME's market value quickly exceeded $1.1 billion, peaking at nearly $2 billion.
However, at this stage, the market value of BOME has dropped below $500 million, down nearly 75% from its historical high. As a former meme leader, BOME has not experienced a significant rebound since its listing. In addition, its liquidity pool still holds more than 150,000 SOL, which is very liquid for whales. Therefore, the changes in the market value of BOME will be worthy of close attention from investors.
SLERF
“Oh fuck!” This catchy phrase, originating from the Slerf project, has become a popular phrase in the crypto community.
On the morning of March 17, Slerf posted a fundraising message on Twitter. It is worth noting that the project’s Twitter account was created just in March this year. Shortly after the fundraising tweet was released, the fundraising quickly reached the upper limit, successfully raising more than 50,000 SOL.
Slerf said that 50% of the funds raised will be used for pre-sales, and the other half will be injected into the liquidity pool. This strategy is similar to the previous MEME project. Everyone is looking forward to the arrival of transactions and airdrops, but what follows is a piece of bad news. On March 18, SLERF's founder @Slerfsol posted a message on the X platform, saying that due to misoperation, the liquidity pool and airdrop reserved tokens have been destroyed, and the coinage rights have been revoked, leaving him powerless. This news was like a bolt from the blue, causing investors to express shock and disappointment in the comment area.
@Slerfsol then expressed his sincere apology again: "This is not a joke, I really messed up, I'm very sorry... The biggest problem is that I don't have 10 million US dollars to refund pre-sale users. I missed the finish line, and I'm really sorry to those who participated in the pre-sale, and I'm sorry to my team who have supported me in the past 3 days. Now I can't see a solution, and I even feel that it is almost impossible." He opened a Space on Twitter to express his feelings to everyone.
At first, everyone thought that the Slerf project had died, becoming another classic "rug-like error" in this round of MEME market. However, a miracle happened. Although users did not receive the 50% tokens they deserved, the founder's "de-large-holder behavior" moved many investors and set off a strong buying boom. As the founder cried, the token price soared rapidly.
SLERF broke BOME's record of breaking the billion-dollar market value in 9 hours in just 30 minutes, becoming the new meme king.
After SLERF was listed on HTX, Bitget and Gate, its price once climbed to $1.44, with a market value of nearly $700 million. However, after more than six months of fluctuations, Slerf's market value has fallen by nearly 90% from its peak, with a current market value of $84 million and a price of $0.168.
So why is Slerf considered a MEME project worth paying attention to on Solana?
- High visibility: Slerf’s reputation is unquestionable. When the project was launched, it burned $10 million, which is a record in the history of encryption. Slerf has achieved a true “no DEV” and “no rat trading” model.
- Excellent liquidity : Currently, Slerf has nearly 200,000 SOL in the Raydium liquidity pool, and this liquidity level even exceeds that of Bome, which has a market value of US$500 million. To put it bluntly, it is particularly suitable for large investors and whales to increase their holdings.
- Compliance Outlook : The Slerf project needs to repay $10 million to early investors, and as of today, the project has repaid 90% through the sale of SLERF NFTs, donations, and other crypto activities. This progress is expected to resolve the project's compliance issues and enable Slerf to be listed on the OKX exchange on July 23.
BNB CHAIN
BABYDOGE
BabyDoge is a long-standing project that originated in May 2021 and quickly exploded in the market after the 519 incident. Currently, BabyDoge is the token with the most coin addresses on BNB Chain, reflecting its strong community support and broad user base.
On September 16, driven by the news that "Binance will list BABYDOGE spot", the price of BABYDOGE instantly rose by more than 40%. This good news not only increased market attention, but also attracted a large number of investors to participate.
Subsequently, BabyDoge officially announced that it will launch a new protocol and plan to burn more BabyDoge tokens. This new protocol will enable the issuance and browsing of tokens to be completed in seconds and initiated by the community. The revenue generated by the protocol will be used to repurchase and destroy BabyDoge tokens, further increasing the scarcity and value of the tokens.
As of press time, BabyDoge’s market cap has climbed to $350 million, demonstrating its continued appeal and potential in the crypto market.
Ton
Catizen
The last project to be introduced is Catizen on the Ton ecosystem. As it is about to be launched on Binance at 6 pm on September 20, which is one hour later, the author would like to take this opportunity to deeply explore the token economics of Catizen and the possible market trends after the launch.
For an introduction to Catizen, you can refer to:
Catizen token CATI market value comparison chart; Source X: Crypto KOL @0xKillTheWolf
Token public chain: TON
• Total Tokens: 1,000,000,000
• Initial circulation: 305,000,000 (30.5% of total)
According to OKX data, the pre-market price of CATI has risen to $0.83, and the corresponding fully unlocked circulating market value (FDV) has reached $830 million, surpassing the market value of most MEME projects on Binance. Compared with the previous similar game NOTCOIN, Catizen has more advantages in fundamentals, market expectations and capital attention, showing strong growth potential.
Considering Catizen's overall performance, it is expected that after its launch, it may still quickly catch up with or even surpass the market value of NOTCOIN in the face of airdrop selling pressure. It is expected that it may experience a certain correction in the short term after its launch, but the rebound potential is significant. Therefore, it is recommended that investors make timely arrangements after its launch to seize this possible investment opportunity.
Overall, Catizen's token economics and market prospects are attractive and worthy of attention.
