Author: Asher, Odaily Planet Daily
With the recent launch of ACT and PNUT spot on Binance and their prices continuing to soar, the Meme craze has swept through every crypto community.
According to on-chain analyst @ai_9684 xtpa, a mysterious whale who invested 15,140 SOL in Pnut/FRED/OPK has seen their unrealized gains reach $64.13 million, a 26-fold increase in their principal, and they have not sold out yet.
The mysterious whale's unrealized gains reached $64.13 million
Even old Altcoins are trying to ride the Meme wave. This morning, the official Litecoin (@litecoin) account on X posted that "based on the current market conditions, I hereby define myself as a Memecoin." The market data shows that LTC briefly broke through 83 USDT, with a 24H increase of over 10%.
Litecoin official posted that they are positioning as a Memecoin
"If you don't have Meme holdings, especially on-chain Memes, you don't even feel the current bull market" has become the best summary of the "non-cake retail investors" for this round of the bull market.
A bull market feast for Meme players
Recently, the release of a series of crypto-friendly news, such as Trump's election as US President, the Fed's interest rate cuts, and Musk's participation in the Republican House meeting, has led to BTC prices continuously breaking historical highs, but there has not been a "full bloom" of Altcoins, so the sentiment in the community has also shown a clear polarization, which can be described as "Meme coin holders are laughing, VC coin holders are crying".
As Meme king Murad said, "Whether you love it or hate it. In this cycle, the performance of Meme tokens will surpass everything. This is just the beginning." The nearly 100% weekly increase of DOGE and its trading volume exceeding BTC, Upbit's addition of a PEPE KRW trading pair, and PNUT breaking through $2.2 USDT to set a new high with a market cap exceeding $2 billion also reflect the market's frenzy for Meme coins, and the chat content in major communities is all covered by Meme coins:
"Will ai16z or Ban be the next Meme coin to be listed on Binance?";
"All In contracts are not as good as All In Memes";
"It's not just about watching new coins at launch, finding the Memes that break out and looking for a second chance with a higher risk-reward ratio";
"According to on-chain smart money, first screen Meme coins, then analyze the concept, market, and holdings, how can you lose?";
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The key to investing in Memes is community strength and being a "diamond hand"
CoinGecko data shows that DOGE's market cap exceeds $57 billion, ranking sixth, just behind BTC, ETH, USDT, SOL, and BNB. In addition to DOGE, there are 12 Meme coins among the top 100 by market cap, including SHIB (market cap around $15 billion, ranked 12th), PEPE (market cap around $10 billion, ranked 17th), WIF (market cap around $4.2 billion, ranked 31st), BONK (market cap around $2.7 billion, ranked 44th), FLOKI (market cap around $2.3 billion, ranked 52nd), PUNT (market cap around $2.3 billion, ranked 55th), POPCAT (market cap around $1.8 billion, ranked 65th), BRETT (market cap around $1.4 billion, ranked 77th), NEIRO (market cap around $1.1 billion, ranked 93rd), MEW (market cap around $1 billion, ranked 97th), and MOG (market cap around $1 billion, ranked 99th).
Top 100 Meme coins by market cap
Unlike short-term speculation, when preparing to invest and hold Meme coins long-term, you are not just investing in the Meme itself, but in the group of people behind it. Therefore, the daily price fluctuations of the Meme holdings are not the core, but researching and analyzing the community is the most important. Pay more attention to the average investor in the Meme community, the largest holders, the leadership team, their activity on social media, and the concepts they promote.
As Meme king Murad said, "Some select Memecoins will have a diamond hand culture, meaning they have steadfast long-term holders." Track these behaviors through on-chain data and analysis tools, rather than just relying on subjective impressions. Find communities with a strong "hodling" culture and diamond hands, those are worth investing in.
To earn returns of dozens of times, you must first be able to withstand the loss of principal or even zero
To earn returns of dozens or even hundreds of times, you must first be able to withstand the loss of half or even all of your Meme coin investment principal. Indeed, this week, with the launch of ACT and PNUT spot on Binance, their prices have "taken off like a rocket" unstoppably, but they experienced multiple surges and plunges in the initial listing period, with ACT once being criticized as "fake AI", "conspiracy group coin", etc.
In a sense, buying and selling on-chain popular Meme coins is like trading contracts on an exchange, where the invested funds can surge or plummet at any time. Therefore, "controlling position size" and "doubling out the principal" are good practical strategies.
Furthermore, to continuously make money by holding Memes, you must first accept the concept of "selling high and making permanent profits", and not be affected by the get-rich-quick myths on social media, or even become anxious. For example, ACT developer Amp previously stated on the X platform that they had distributed, burned, or sold all of the ACT tokens, but did not want ACT to be listed on the CEX. But in the following days, ACT was listed on Binance and surged over 20 times in a single day. Therefore, "selling high" is a phenomenon that will definitely happen, don't over-doubt yourself, adjust your strategy, and look for the next target.
ACT developer Amp had sold all their tokens before the CEX listing
In addition to Memes, other popular on-chain concepts are also worth watching
The biggest feature of this bull market is that most "get-rich" opportunities are on-chain. In addition to the classic Meme coins, the early projects of other popular concepts are still worth watching. Among them, AI-related concepts have a lot of hype space in this bull market. According to the discussion heat in the community, a few AI-related concept coins worth watching with steady price increases are:
Deep Worm (WORM): A project that puts the brain of biological organisms on the chain for human interaction. DeepWorm is not an LLM or AI model, but a real "worm brain", whose neural map is measured through biological research and supported by the trusted execution environment infrastructure Oyster TEE of the Marlin Protocol (current market cap $12 million, contract address: DwDtUqBZJtbRpdjsFw3N7YKB5epocSru25BGcVhfcYtg);
Cryptify AI (CRAI): This project is a project secretly launched by a Web2 AI company, whose vision is to allow users to easily and simply evaluate the quality and effectiveness of influencers on any social media platform through AI tools, and find the relationship with on-chain token price fluctuations to assist users in investment decisions (current market cap $6.5 million, contract address: 0x3F66aE0c8E9Fb57f661aF4Ba8C8445D36ec5d7F7);
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Although the price performance of many VC coins has been lackluster, BTC has continued to hit new highs in the past two weeks, and this morning it even broke through $93,000. The bull market is still ongoing. Perhaps now is still a good time to embrace Meme coins and the current popular concept Altcoins.
