The Supercycle of Meme Coins is Coming, Will a New Generation of Gods Appear?
Murad Mahmudov, whose speech at token2049 went viral, can be said to be the main reason for the outbreak of this wave of meme coin fever. His brilliant speech at token2049 had very high rendering power, and Kaito, an AI engine focused on the crypto market, also stated on X that Murad's mindshare on social media has continued to rise since the end of the token2049 event in late September, and he has truly become the new generation of meme god, even surpassing Ansem, who was the first in the Solana ecosystem in terms of calling power.
Murad's speech had the following key points:
💡 𝑻𝒉𝒆 𝒅𝒆𝒂𝒕𝒉 𝒐𝒇 𝒖𝒏𝒊𝒇𝒊𝒆𝒅 𝒎𝒂𝒓𝒌𝒆𝒕 𝒎𝒐𝒗𝒆𝒎𝒆𝒏𝒕: The market is collectively lacking in consistency.
The era of all crypto assets moving forward together has ended. No one will say 'WAGMI' this year. This is also a natural stage in the development of this field.
💡 𝑴𝒆𝒎𝒆 𝒄𝒐𝒊𝒏𝒔 𝒗𝒔 𝒂𝒍𝒕𝒄𝒐𝒊𝒏𝒔:
Any crypto asset that lacks cash flow or is not a store of value is a meme coin. In a sense, 99.999% of Altcoins have always been meme coins.
💡 𝑵𝒆𝒘 𝒗𝒆𝒓𝒔𝒖𝒔 𝒐𝒍𝒅 𝒄𝒐𝒊𝒏𝒔:
We should focus more on new tokens in the "price discovery" stage, rather than old tokens with a large number of holders. Price trends, community volume, and momentum are the most important.
💡 𝑺𝒊𝒎𝒑𝒍𝒊𝒄𝒊𝒕𝒚 𝒊𝒔 𝒌𝒆𝒚:
"Most people don't care if the blockchain is faster or more private. They care about making money, having fun, and the sense of belonging that the community brings."
💡 𝑴𝒆𝒎𝒆 𝒄𝒐𝒊𝒏𝒔' 𝒖𝒏𝒊𝒒𝒖𝒆 𝑷𝑴𝑭:
"Meme coins are a purer product with a higher product-market fit than any technology-backed Altcoin."
💡 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍𝒊𝒛𝒆𝒅 𝒇𝒂𝒊𝒕𝒉:
"The best meme coins are vehicles of financialized faith, embodying the discontent of the crypto world and the world at large."
💡 𝑪𝒖𝒍𝒕-𝒍𝒊𝒌𝒆 𝒄𝒐𝒎𝒎𝒖𝒏𝒊𝒕𝒊𝒆𝒔:
"Meme coins are not just memes. They are tokenized communities that use memes as symbols. The best performing crypto projects are always permeated with a cult-like atmosphere."
💡 𝑪𝒓𝒊𝒕𝒊𝒄𝒂𝒍 𝒉𝒆𝒂𝒅𝒘𝒊𝒏𝒅𝒔 𝒇𝒐𝒓 𝒂𝒍𝒕𝒄𝒐𝒊𝒏𝒔:
"Meme coins are a counterattack in the trenches. All tokens, whether technology-based or meme-based, are participants in the casino. So why play on your table, when we can build our own table?"
💡 𝑰𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒄𝒆 𝒐𝒇 𝒏𝒂𝒓𝒓𝒂𝒕𝒊𝒗𝒆 𝒂𝒏𝒅 𝒑𝒂𝒓𝒕𝒊𝒄𝒊𝒑𝒂𝒕𝒊𝒐𝒏:
"The crypto industry is not a technology-first industry, but an asset-first industry. The name of this conference is TOKEN2049, not TECH2049."
💡 𝑴𝒆𝒎𝒆 𝒄𝒐𝒊𝒏 𝒍𝒐𝒏𝒈𝒆𝒗𝒊𝒕𝒚:
People ask me, 'Will there be billions of meme coins?' The vast majority (99.999%) of meme coins will be extremely PVP (i.e., highly competitive, making it difficult to make money), but a few will survive multiple market cycles.
And since Murad mentioned $SPX at token2049, the token price has already risen more than 16 times, and its mindshare has increased more than 30 times. However, it is worth noting that the mindshare of $SPX is still far lower than other popular meme coins in the secondary market, including $MOODENG, $POPTCAT, $FWOG, and $PEPE.
Will the meme coin fever continue? Will Murad become the next SBF or Zhusu (Zhupercycle) of the previous cycle? Let's keep watching.
