The market rhythm of meme coins is changing very quickly. In the blink of an eye, ETH, which has long been suppressed by Solana, has quietly regained its vitality.
From the changes in ETH's Mainnet Gas fees over the past week, we can clearly see the recovery of the ETH Mainnet:
"Sending coins to Vitalik", a familiar attention-grabbing method, has returned. During the National Day holiday, Ethereum co-founder Vitalik Buterin sold 11.76 billion MOODENG tokens through KyberSwap and exchanged them for 21.033 ETH (about $50,900). On October 7th, Vitalik's address sold another 10 billion MOODENG tokens to obtain 308.69 ETH ($762,000) and transferred 260.16 ETH ($642,000) to the Kanro charity, causing a strong surge in the $MOODENG on Ethereum and reaching a new high.
On Twitter, Vitalik posted that "I am very grateful to the meme coin projects that directly donate part of their token supply to charity (for example, I saw that Ebull donated a large number of tokens to multiple organizations last month). Any tokens sent to me will be donated to charity (thank you Moodeng, the 10 billion tokens I received today will be donated to technology for preventing airborne diseases), but I hope projects can directly donate tokens to charities, and maybe even set up a DAO to allow the community to directly participate in decision-making and processes."
Regarding this method of "Vitalik advertising slot" + "charity" to gain attention, on-chain players have mixed views. Some players believe that the memes on ETH have exhausted their creative power, so they can only resort to the "time travel technique" and retrace the path of $SHIB from more than 3 years ago, sending money to Vitalik, and then Vitalik donating to charity or burning to form a "positive news", which is a manifestation of ETH's submission to Solana in meme strength. Some players even joked that ETH's standardized meme workflow could as well be made into a meme and issued as a token.
However, the editor holds a relatively positive view on this. If this process is so easy to replicate, then ETH should already be flooded with large MC memecoins. Obtaining Vitalik's interaction is just a result, and we cannot ignore the efforts behind the community. Otherwise, anyone can give 80% or even 90% of their tokens to Vitalik, and then just sit back and watch the remaining 20% or 10% take off.
Whether it's $MOODENG or $Neiro, these final targets that have emerged all have very strong community power. How to judge the strength and weakness of the community power? It's simple, no matter how many tokens you hold, as long as you can gather the token holders to seriously do something, it can be considered strong, let alone those who continue to donate their holdings after the token price rises.
If we look at this process in the opposite direction, we can better appreciate the charm of community power. On ETH, one of the memes that left the deepest impression on me is $PEOPLE. Although $PEOPLE can now be classified as a meme, it was originally a DAO token aimed at the "Constitution Auction". Compared to pure memes, the advantage of DAO tokens in terms of consensus building lies in "clearly proposing a common direction of effort" from the very beginning, such as "Constitution Auction", "Buying an NBA team", or "Buying a real-world island". A similar example is the early PFP NFTs, where people would buy in with a fondness and then change their avatars.
Although the DAO track is now almost abandoned, the various attempts to pursue grand visions at the time have almost all failed, but the shock they have left us with is still strong - as individuals, our power is not to be ignored, as long as we can come together and strive towards a goal.
Therefore, although pure memes can form viral spread and dissemination through interesting content, the difficulty of actually uniting the holders to do something together is still higher than Non-Fungible Tokens.
Although ETH memes seem to have regained the "standard operating procedure" of years ago, the editor hopes that this "standard operating procedure" can continue, and some new activities can be created based on it. For example, memes themed on McDonald's/KFC, where the community raises funds and then live-streams the distribution of McDonald's/KFC meals to the homeless or other disadvantaged groups who are difficult to feed. Or the $EBULL meme derived from Vitalik's bull image, can we do something like a "Bull Care Movement"? Sending coins to Vitalik is fine, but we can also try to do charity without relying on Vitalik. By driving the community to do charity themselves, and then having Vitalik respond to the charitable results, might this be what Vitalik would prefer to see?
The consolidated will of each on-chain player has crystallized the value of a token, and then used this crystallization to benefit the people or causes in the world through charity, which is a very warm publicity for the token and the entire crypto market. This is also one of the differentiating advantages of ETH memes over Solana - if Solana reflects more the vitality of content creation and the recognition of young people for niche culture, then ETH carries more idealism.
The positive meme flywheel of "from virtual to real" is spinning again. This time, let's hope it can spin for longer.
