Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010 )
As the cryptocurrency market has experienced a slight decline due to regional political situations, the market's attention and investment enthusiasm have once again returned to the MEME coin sector. The difference is that today's MEME coins are somewhat similar to the "animal market" of a few years ago, yet vastly different: on the one hand, there are "veteran players" - the continuous emergence of celebrity coins; on the other hand, following the various animal-themed tokens including the hippopotamus, a new wave of emoji-themed tokens has appeared.
Odaily Planet Daily will briefly review the main projects in the MEME coin PVP battle in this article for readers' reference. (Odaily Planet Daily note: The MEME coin market is highly volatile and carries high investment risks, please choose investment targets carefully.)
WAP: A top-tier Rapper's well-known single, a paid shill or a personal project?
On October 8, top-tier female Rapper Cardi B suddenly posted a "shill tweet" saying her cat's name is WAP, and combined with her previously released well-known single "Wet Ass Pussy", she called on her fans to buy the same-named token WAP. Due to the stark contrast between this tweet and her previous tweet style, and its overly explicit nature, only a few players in the market reacted to it, and more people believed her X platform account had been hacked. Odaily Planet Daily also followed up on this immediately; later, after preliminary investigation by on-chain detective Wazz, the cryptocurrency promoted by American social media celebrity Cardi B was traced back to a fraud origin, and the wallet address of the project was associated with multiple rug pull projects.
However, on the 9th, Cardi B posted a video of herself again, shilling WAP again, and the market also reacted strongly to this; 12 hours ago, she posted a tweet with a picture of her holding a blue British Shorthair cat, which was the previously mentioned WAP, and this MEME coin has experienced a huge rise and fall, with a peak price once approaching $0.04.
Token contract: Bz7vVzQhm2KMW1XgcrDruYega1MiwrAs1DQysrx4tFkp;
Token price: $0.019;
Token market cap: $19.5 million;
🐬miharu: Gamestop strikes again, this time it's a marine animal
On the evening of October 9, the account @XData under the X platform posted a picture of a smiling dolphin, saying that this meme has already received over 32 million views on the X platform. Since its previous post of an animal-related picture was the "internet celebrity hippopotamus" MOODENG on September 21, the market has an unusually high trust in its "shilling ability", and the related MEME token miharu has surged 50 times to a market cap of $3 million. Odaily Planet Daily also followed up on this immediately.
On October 11, GameStop posted a picture of a smiling dolphin on the X platform, and due to its strong appeal to retail investors in the market, the miharu token briefly broke through $0.01, with its market cap instantly exceeding $11 million. Subsequently, as the meme spread further, the project token price once approached $0.02, and the market cap once exceeded $20 million, but in the fierce PVP competition, the project has since been continuously bled by other new projects, and the current market cap has dropped significantly.
Token contract: 6tVZVjcppH2BZ9Xj5yFU1Zt34m2rYcyDqqpSeMDZpump;
Token price: $0.0048;
Token market cap: $4.7 million;
🧲 Magnet: A new ID suffix, a new identity symbol
On October 9, on-chain detective ZachXBT reported that he had discovered 11 addresses highly associated with crypto KOL Murad, holding about $24 million worth of MEME tokens, which immediately focused the crypto market's attention on Murad himself. Previously, Murad had given a speech titled "The Supercycle of MEME Coins" at the Token 2049 event, attracting a lot of attention; and he had previously achieved a 61-fold return on the SPX token within four months, making a profit of $23.6 million, and the latest data shows that he has now achieved a 79-fold return. Rug Radio founder Farokh also posted a video tweet on the 9th about a previous online interview with Murad, providing detailed insights into his experiences after entering the crypto world and his personal views on the current market situation, and his praise for MEME coins has also been seen by the market as another "MEME coin shill king".
13 hours ago, another powerful shill of POPCAT, crypto KOL RookieXBT tweeted that "🧲 means what? It means hope; it means believing in something; this is our world, and others are just living in it." He gave the 🧲 emoji a different meaning. Subsequently, the market responded quickly, and MEME coin projects with the "Magnet🧲" token ID quickly emerged and quickly occupied the market's attention, with their market value also rising rapidly. RookieXBT later added that "Disclosure: I'm drunk now. Apparently, people have already launched a MEME coin called Magnet, and it seems I've received a pretty large token supply to one of my real-name wallets; I won't sell at higher prices, and I promise to donate 100% of it to charity when I do."
Murad then also joined this "symbol frenzy", adding the 🧲 symbol to his own ID suffix; well-known on-chain player POW and other "MEME coin wind vanes" also followed suit. The latest news shows that staqi.sol achieved a 421-fold return by trading Magnet tokens within 12 hours, making a net profit of 1,238 SOL (about $180,000), and still holds 3.74 million Magnet, worth about $45,000.
Token contract: 8iWsK2WH3AGviQwAnt43zvc8yLy6QMUSuv8PK2A7pump;
Token price: $0.01;
Token market cap: $10.7 million;
Summary: The future of Meme coins has limitless imagination, but PVP is still the mainstream gameplay
In the previous article "Neiro and NEIRO go to Binance, is the Meme coin track ushering in a turning point?", we mentioned that the conclusion of the Neiro/NEIRO capitalization dispute has opened a new turning point for the Meme coin track, and many in the community joked that in the future, playing Meme coins may need to lie in wait for "🐶🐱🐭🐹🐰🦊🐻🐼🐨🐯🦁🐮🐷🐽🐸🐵🐒🐔🐧🐦🐤🐣🐥🦆🦅🦉🦇🐺🐗🐴🦄🐝🐛🦋🐌🐞🐜🦟🦗🕷🕸🦂🐢🐉🐍🦎🦖🦕🐙🦑🦐🦞🦀🐡🐠🐟🐬🐳🐋🦈🐊🐅🐆🦓🦍🐘🦛🦏🐪🐫🦒🦘🐂🐃🐄🐎🐖🐏🐑🦙🐐🦌🐕🐩🐈🐓🦃🦚🦜🦢🕊🐇🦝🦡🐁🐀🐿🦔🐾🐕🦺🦮🦩🦧🦥🦦🦨🪲🦭🪶🦤🐻❄🦫🦣🦬🐈⬛", each about 5-6, one uppercase and one lowercase; one with a community, one without; one given to V God for transfer, one given to Binance for transfer.
And the gameplay with emoji suffixes may also become the "gimmick" of the next Meme coin project, but it can be said with certainty that in the crypto market with limited liquidity, the mainstream gameplay of the Meme coin track is still PVP - either be one step ahead; or dig into the bustling crowd.
