Original | Odaily Odaily( @OdailyChina )
Author｜Nan Zhi ( @Assassin_Malvo )
At 2:00 p.m. on September 27, the internet celebrity Hippo concept token MOODENG exceeded a market value of US$200 million, up about 84% in 24 hours, becoming the focus of the entire market.
As MOODENG rose, funds were also brought back to Solana from other networks. Ethereum Gas remained high in the range of 20-40 gwei in the past few days, and fell back to around 10 gwei at the time of writing.
Solana, under the leadership of MOODENG, has started a new round of "zoo" craze, with various Internet celebrity animals being brought to Pump.fun one after another. And the enthusiasm of participating users is very high. These animal tokens can often reach a market value of millions of dollars within half an hour of listing, which is very similar to the crazy zoo in 2021.
Odaily will organize some of the top "Internet celebrity animal" concept tokens in this article, and briefly explain the differences between this round of market and the last zoo.
Token Sorting
MOODENG
Data: Market value: $200 million; holding addresses: 19,380; 24-hour trading volume: $45.7 million
Source: The internet-famous hippopotamus from the Thai zoo khao kheow.
omochi
Data: Market value: $23.2 million; holding addresses: 8,029; 24-hour trading volume: $37.6 million
Source: TikTok celebrity frog, the related account tomoflys has 420,000 followers and over 20 million likes.
PESTO
Data: Market value: $23.5 million; holding addresses: 8,378; 24-hour trading volume: $22.8 million
Source: The internet-famous emperor penguin from the SEA LIFE Melbourne Aquarium in Australia.
HUAHUA
Data: Market value: $4.6 million; 3,530 holding addresses; 24-hour trading volume: $15 million
Source: "Honorary Director of Chengdu Culture and Tourism" Giant Panda Huahua, the official video accounts include Chengdu Research Base of Giant Panda Breeding, etc., and the token has been widely promoted in China.
degen
Data: Market value: $2.5 million; 1,917 holding addresses; 24-hour trading volume: $15.6 million
Source: Instagram celebrity Otter, with over 1 million followers.
JONA
Data: Market value: $2.3 million; 2,732 holding addresses; 24-hour trading volume: $11.2 million
Source: MOODENG's mother, rose as the official account of the zoo replied to the name today.
Will Another Round of “Zoo” Market Collapse the Crypto Market?
In 2021, DOGE has been rising wildly, approaching the price of 1 USDT, successfully breaking the circle and attracting many users. Funds have overflowed to other Meme tokens, such as SHIB, AKITA, PIG, FLOKI, etc., which have also achieved amazing growth.
However, the good times did not last long. After the "Zoo" concept became popular, the market also peaked. DOGE hit a record high of 0.73995 USDT on May 8, 21, and a 519 crash occurred 11 days later.
Currently, the Solana Meme market is also at a high level of sentiment. Internet celebrities and any smart money leading the way usually mean a market value of two to three million US dollars, but there have also been many cases of rapid A-top killing . Therefore, participating players still need to pay attention to risk control and remember the Solana PvP feature. At the same time, "frequent trial and error at low levels, light positions to earn a hundred times" and "focusing on the absolute top tokens" may be the most appropriate strategies at present.
Will this round of zoo market become the main cause of the market crash? The author makes a subjective judgment here: No. Whether it is the market size, leverage ratio, or user composition, they are completely different from those years. On the other hand, when PEPE led the market in March, we analyzed the social media data in " Comparing the correlation between DOGE market and social media popularity, have PEPE and WIF broken the circle (peaked)? " The spread of PEPE and WIF outside the circle is far from the level of DOGE in that year, and tokens such as MOODENG are still far from the market value of PEPE, and the risk may still be limited to the Meme market.
