Accompanied by market volatility, geopolitical and US political election impacts, Meme has once again become the "topic center" of the crypto market, relying on advantages such as "abstraction and wealth effect". Unlike the previous "zoo" market, the current Meme has some realistic significance of spiritual symbolism.
From the recent controversial Neiro, to Meme patriarch Murad's SPX shill, to the birth of the AI Bot self-dialogue deity Goat, more and more market attention has been shifted to the Meme sector. Data shows that the search volume of Memecoins on Google is 77/100, which has already surpassed the search volume of BTC. Although the overall market environment is rather sluggish, the heat of Meme has remained high and shows no signs of slowing down.
The path to "deification" of the new Meme patriarch Murad
Every era needs its own spiritual leader, and the Meme field is no exception.
If the previous round of heavily promoting Dogecoin's "world's richest man" Musk was the old-fashioned Meme missionary, then Murad is the new generation of super-FOMO advocating cult culture.
Murad was not previously a well-known KOL in the crypto circle, and even experienced bankruptcy in the "312" incident. However, accompanied by his "literary renaissance" of Meme rhetoric and his brilliant speech on the "super Meme cycle" at the Token2049 conference, he suddenly became famous.
Previously, Murad claimed that "the reason for the arrival of the super cycle of Meme coins is that investing in Meme coins is a matter for everyone, the more enthusiastic people are about investing, the more prosperous these assets will become."
This Meme craze has sustained market heat for nearly a week, and Murad has also become the new spiritual leader in the eyes of retail investors. Even Mechanism Capital co-founder Andrew Kang was FOMO'd, believing that "Murad's speech at Token 2049 catalyzed the next wave of capital reallocating to Meme coins", triggering a chain reaction from the zoo to the emoji 🧲, making Meme culture a temporary capital flow and becoming more and more abstract.
How to play Meme to become a diamond hand
Although the current "huge rotation" narrative from tech stocks to Meme is still in a struggling state, it is undeniable that the voice of Meme is becoming louder and louder in the crypto market. Even Vitalik, BitMEX co-founder Arthur Hayes, and market maker Gotbit have participated in this Meme sprint race.
So how to benefit from this round of Meme market craze has become a hot topic of market pursuit. Safety, narrative stories, and community are the three key elements for hyping Meme. As a retail investor, the first priority is to avoid on-chain rugs, and following the Meme listings on second-tier exchanges is a good choice. Taking the example of SPX, which helped Murad achieve a 79x return and a profit of nearly $30 million, we will track the on-chain and off-chain data.
We compared the listing time of multiple trading platforms and drew the relevant time cycle chart based on the listing time, the details are as follows:
Taking LBank as an example, which has the most comprehensive Meme trading and frequently produces large MC Memecoins, the price of Meme SPX reached $1.1081 on October 15th, which means Murad's SPX assets reached a maximum of $11.35 million, with unrealized profits reaching a maximum of about $11.25 million, and the return on investment was about 11,489.82%. As of the time of writing, the SPX price has fallen back to $0.62.
The recently popular AI concept Meme GOAT is similar, as it received $50,000 worth of Bitcoin due to its conversation with a16z founder Marc Andreessen, and was created on pump.fun. The AI bot developer Andy said "AI chatting with each other is the wet market for Meme virus propagation".
By tracking its on-chain and off-chain timing, we can easily find that LBank has super strong Gem Meme capturing capabilities and was one of the earliest exchanges to list Goat. It has basically taken the lead in the Meme track, and the Gem Memes it has screened also have a significant wealth effect. As of October 16th, GOAT has surged over 6,100% since its listing on LBank, with the current price reported at $0.27.
Community and belief are the core of Meme
When the market is flooded with too much information and liquidity is occupied by the head, the world we live in has become a huge "besieged city".
Murad emphasizes that the real driving force behind the tokens is the community. He believes that a strong community is like a "fanatical group", whose loyalty and enthusiasm for the tokens can effectively reduce the circulation of the tokens, forming the so-called "diamond hand" effect. This strong cult culture makes them resonate with the tokens and gradually penetrate, from short-term high-frequency traders to long-term holders.
Murad predicts that by 2025, more and more excellent Meme coins will be listed on centralized exchanges, which will further promote their liquidity and acceptance.
In fact, centralized exchanges such as LBank, Kucoin, BitMart, and HT are accelerating the pace of listing Meme coins and have achieved good market growth expectations. Taking LBank as an example, according to official data, it listed 50 Meme coins in the third quarter of 2024, of which 28 had a maximum increase of more than 200%, 14 had an increase of more than 500%, and 9 had an increase of more than 1,000%.
For the future development of Meme coins, Murad also gave his own prediction. Future Meme projects will gradually shift from simple funny images and animal themes to more complex and serious content. He believes that Meme coins actually represent the "tokenization of the community", and in the future there may be Meme coins related to various concepts, including tokens related to every word, number, and sentence.
Regardless of how Meme will change in the future, one thing is certain: in the crypto market with limited liquidity, most of them are PVP gameplay. Rather than tracking early on-chain and conducting multi-factor analysis, it is better to follow the current CEX and become the best top-out person in the midst of the clamor!
