After Trump was basically confirmed as the elected President of the United States, Bitcoin has been continuously charging upwards, and after Bitcoin's market share reached 60%, this rally is different from the previous ones in that it has not "sucked blood from altcoins", but rather they have all risen together. Web3 investment players also seem to have discovered that chasing Bitcoin at this point is not the best choice, and it would be better to choose some obviously oversold altcoins, as many altcoins are in the stage of undervaluation. The Meme coins have seen the most violent rebounds among them.
As Murad said in a social media post, "Understanding that Meme is an unstoppable tokenized community is the true enlightenment. We are in the early stage of the Meme coin super cycle."
The leading CEX Binance has also recently added a lot of Meme coins. The Meme culture is still in a stage of continuous development, from the earliest Meme coins Doge and Pepe, which were already very popular internet meme images and their "related products" like Bome, to the recently popular new concepts of "AI Meme" like GOAT and ACT, as well as some new animal meme images like Neiro and Mew.
We will compare the rebound situation and current market capitalization of these Meme coins after Trump took office in this article.
"Dog" Series
DOGE
As the earliest Meme coin, DOGE is the beginning of meme culture, with the backing of Elon Musk, who once claimed he would get DOGE to a price of $1 per coin. Trump's successful campaign was inseparable from Elon Musk's "golden assistant" effect, and the market hype around DOGE has been extremely intense. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, DOGE has risen as high as 78.19%, with a current market capitalization of $41.141 billion, temporarily ranking sixth in the market cap rankings.
NeiroCTO&Neiro
Neiro, as the new Shiba Inu that replaced Doge after his passing, has been very popular since its launch, and many in the market believe that Neiro will replicate Doge's wealth creation myth. After appearing on Ethereum, there was also a dispute over uppercase and lowercase. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, NeiroCTO has risen as high as 119.71%, with a current market capitalization of $1.02 billion, and Neiro has risen as high as 60.77%, with a current market capitalization of $93.86 million.
WIF
DogWifHat can be considered the best performing Meme coin to be listed on CEX in 2024, after launching on Binance Futures at a price of $0.3 and reaching a high of $4.8 after a brief consolidation, a maximum increase of 16 times. Legendary trader Nachi made over $20 million in profits on WIF, which is currently the largest Meme coin in the Solana ecosystem, the "leader" of Solana Meme. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, it has risen as high as 54.44%, with a current market capitalization of $3.01 billion.
"Frog" Series
Pepe
Pepe is a highly popular Meme on the Ethereum network in 2024, the Pepe frog itself has already been very popular on both Web2 and Web3 networks, as an old Meme, its performance this year has also been quite outstanding, coupled with the excellent performance of Bitcoin in February-March, it has also experienced a "main upward trend" market. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, it has risen as high as 59.45%, with a current market capitalization of $5.1 billion.
Bome
Bome is also the "large MC memecoin" on the Solana chain in 2024, originating from an artist's artistic creation of a frog, creating the Book Of Meme to record all meme culture, and also set a record of being listed on a top CEX in three days. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, it has risen as high as 40.00%, with a current market capitalization of $640 million.
"Other Animals"
RATS
RATS is a BRC-20 token, also known by many as the "most popular Meme". After SATS and RATS were listed on Binance, the popularity of the token has gradually declined. After a brief surge, it has gradually declined. During the "anti-VC craze" in June, RATS surged 70%, but ultimately did not sustain the upward trend. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, it has risen as high as 56.22%, with a current market capitalization of $121 million.
MOODENG
MooDeng is a cute hippopotamus from a Thai zoo, with the Thai Embassy in Tokyo and the cosmetics company Sephora Thailand both interacting with it. In addition, well-known media such as CNA (ChannelNewsAsia), US TODAY, and NBC have also frequently published special reports on the heated discussion around Moo Deng in recent days, and it has even become the number one token to be pumped. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, it has risen as high as 199.94%, with a current market capitalization of $351 million.
Pnut
Pnut is the name of a pet squirrel that mechanical engineer Mark Longo took home to care for after witnessing its mother being hit by a car and dying, and on October 30, officials from the New York State Department of Environmental Protection arrested Pnut without a search warrant and euthanized it, claiming it was an "illegally kept wild animal". The public did not accept this, and the satirical news website Babylon Bee said "Squirrels wearing MAGA hats begin to revolt." Elon Musk also voiced support for Pnut on social media several times, and this incident around Pnut has become an unusually fierce attack on the Democratic Party and even a political weapon of public opinion. On November 11, 2024 at 1:38 pm GMT+8, Binance announced the listing of Pnut, and Pnut surged, with a maximum increase of nearly 4 times.
"AI Meme"
GOAT
GOAT, short for goatseus maximus, is something that the AI bot truth_terminal (once invested in by a16z founder Marc Andreessen for $50,000 worth of BTC) has come up with. As the "leader" of AI Meme, it has the support of many legendary traders like Eugene Pigeon and Nachi. After a slight pullback after listing on Binance, it quickly V-shaped rebound. Since the crypto market's reaction to Trump's campaign activities, i.e. since the US market close on November 5, it has risen as high as 90.5%, with a current market capitalization of $840 million.
ACT
ACT is a coin that helps and makes ampdot known (ACT 1), because ampdot is a researcher named Chad brokie, whose work is changing the space of AI social agents. On November 11, 2024 at 1:38 pm GMT+8, Binance announced the listing of ACT, and ACT surged, with a maximum increase of nearly 10 times. The "second dragon" of AI Meme seems to have been decided after this announcement.
Whether it is the most primitive and most recognized narrative of meme culture, the "animal narrative", or the new narrative of AI meme that has emerged; whether it is the so-called "old meme" or the recently issued "new meme". We can easily find that meme culture has always been a very market-recognized narrative, and the rebound of most meme coins in BTC in CEX is better than most other Altcoins.
As Murad said, we are experiencing the Meme SuperCycle. Meme coins are undoubtedly a very important component of asset allocation in Web3, whether it is a decentralized exchange or a centralized exchange, they are chasing the trend of Meme coins, and Meme coins have also "generated an excellent wealth effect". In the Meme SuperCycle, we can increase our attention to Meme for a relatively long period of time, search for new narratives on the chain, which may be the new development of AI meme, or it may be a completely new story; in CEX, find Meme coins with stronger market consensus, and obtain Alpha returns that exceed BTC.
