Support narratives, re-entrepreneurship, Litecoin concepts, what is the Meme market rushing towards?

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ODAILY
11-15
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Author: TechFlow

Today is November 14, 2024, and the current market sentiment index is 87, with the market entering an extremely greedy mode. In terms of sector performance, it can be said that "a few are happy, and hundreds are sad" - BTC and various Meme tokens are taking turns performing, with the stock exchange, breaking new highs, and dozens of times the increase in value that makes people numb again and again; while outside of this, most altcoins are actually lying down.

With $ACT and $PNUT as the gems, today the Solana Meme is also soaring, leading the majority of the market's coins. Popular coins such as $ai 16 z and $Shoggoth have all broken new highs, with weekly gains exceeding 1000%, and there are still some new coins constantly occupying market heat, with a constant influx of funds. TechFlow has reviewed some of the market's surging Memecoins today, for readers to understand the latest trends of bull market capital.

1.$🦅-Free Shayne Coplan (FSC) - Narrative in support of Polymarket founder

Contract address:

AyxrBmqbzf169oe14XcSDMbgpUV1ntP6thcScYpYpump

24H trading volume: $150 million

Current market cap: $16 million

After the founder of the prediction market platform Polymarket, Shayne Coplan, was raided by the FBI, Pump.fun quickly launched the "Free Shayne Coplan (FSC)" Meme token with an eagle logo as a show of support. Shayne Coplan accused the incident on Twitter as "political retaliation" and received an immediate response from Musk, causing the token to continue to ferment, with the current price surging and then falling back, with a current market cap of $16 million.

2.$OBOT(O.XYZ)-Restart by $IO founder

Contract address:

7yZFFUhq9ac7DY4WobLL539pJEUbMnQ5AGQQuuEMpump

24H trading volume: $81 million

Current market cap: $31 million

O.XYZ is an AI project launched by IO.NET founder Ahmad Shadid (@shadid_io), which claims in the whitepaper to be building the world's first community-governed decentralized super AI project. $OBOT is the project token issued on Pump and personally shilled by the founder, which was launched in the early hours of today, and with Ahmad Shadid's constant tweets, the current market cap has surpassed $30 million.

3.$LESTER

Contract address:

5z3iCe53hUANTiG8Js8RjHNE2Arjik7L2CXLyr2rpump

24H trading volume: $40 million

Current market cap: $9 million

This morning, the official account of Litecoin ($LTC), one of the old coins that has gone out of favor, @litecoin, personally joined in the fun and said that given the current market conditions, it now recognizes LTC as a Meme coin. This not only caused a slight rise in $LTC, but also spawned the Solana-based Memecoin $LESTER, which is riding on the concept.

4.$FRED

Contract address:

CNvitvFnSM5ed6K28RUNSaAjqqz5tX1rA5HgaBN9pump

24H trading volume: $180 million

Current market cap: $231 million

$FRED, like $PNUT the squirrel, belongs to the "euthanasia" track, being a raccoon that has been euthanized. Recently, with $PNUT constantly pumping, $FRED has also been on a continuous uptrend, reaching a peak market cap of around $340 million.

5.$DOGE (Department of government efficiency) - Solana version

Contract address:

9TY6DUg1VSssYH5tFE95qoq5hnAGFak4w3cn72sJNCoV

24H trading volume: $135 million

Current market cap: $60 million

Still the recent explosive "D.O.G.E" concept from Musk, but as the namesake token on the Ethereum mainnet is waning, the Solana $DOGE is still continuing to rise, with a current market cap of $60 million.

Summary: High market heat, constantly updating narratives, pay attention to risks

Combining the current market sentiment indicators and the current "both humans and ghosts are showing off" performance of Meme, the market is in a long-awaited period of emotional outburst, and the phenomenon of new narratives surpassing old assets in market value is repeatedly occurring. But beneath all the great opportunities, there are also many risks hidden, so when seizing the opportunity, be careful not to get carried away, and prudently identify the risks~

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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