Author: Flowie, Cookie, ChainCatcher
PEPE is listed on Binance. Binance announced that it will list Pepe (PEPE) in the innovation zone, and will open PEPE/USDT and PEPE/TUSD trading pairs at 24:00 Beijing time tonight. After the news was announced, PEPE rose by more than 25% in the past hour.
In recent days, the successive surges of PEPE have made meme coin/Dogcoin once again on the main stage of the encryption market. In a few days, dozens of meme coins/dogcoins were born "following the trend", and the increase was often dozens of times, making half of the market carnival in the myth of wealth creation, and half of the market continued to be anxious in Fomo.
At present, many genres of gameplay have been born in the popular meme coin/Dogcoin, and there are also scams who put on a meme coat and Rug Pull hastily. Players need to be alert to risks.
1. The typical gameplay of meme coin / Dogcoin
1. Well-known meme derivative currency
PEPE
Pepe frog MEME currency, its official website Twitter published the first tweet on April 5, and then opened PEPE transactions on April 15. The initial price of PEPE is around $0.000000001 with a total supply of 420.69 trillion.
PEPE has no pre-sale, zero burning tax, and LP tokens are destroyed, giving up contract authority. PEPE threatened "the most talked about memecoin in existence. Dogecoin is obsolete, it's time for Pepe to dominate."
Not long after its launch, a series of wealth myths about pepe's rate of return hundreds of times made it quickly become popular. According to the monitoring of Lookonchain, a smart money address spent 0.125 ETH($251) on April 15 to purchase 5.9T PEPE (currently $1.14 million). Based on the price of $0.0000001933 on April 19, the rate of return exceeded 4500 times. 5 addresses associated with ETH purchased 8.87 trillion pieces of PEPE at a low price at a cost of about 0.19 ETH (385 US dollars), and sold 7.76 trillion pieces of PEPE at a price of 1.23 million US dollars on DEX, with a yield exceeding 3200 times.
At present, according to Coingecko data, the market value of PEPE has soared by more than 800 million U.S. dollars, ranking among the top 100 cryptocurrencies (temporarily ranked 61), and the token has increased by nearly 600% in the past 7 days, with 24h transaction volume and more than 93,000 holding addresses . The exchanges listed on PEPE include OKX, Uniswap (v2), Uniswap (v3), Gate.io, and Huobi.
Recommended reading: "PEPE breaks into the top 100 cryptocurrencies! Understand the past and present of popular memes in one article"
WOJAK
After PEPE became popular, WOJAK, the well-known meme coin of Wojak (also known as Feels Guy), was also launched, and its official website stated that it was supported by PEP's mememeter. Wojak's original form is a stick figure of a wrinkled depressed bald man. Celebrities such as Zhao Changpeng also forwarded pictures of Wojak's emoji last year.
The total supply of WOJAK tokens is 69.42 billion, which skyrocketed 24 hours after its launch on April 18, and soon after the launch, the well-known encryption artist beeple also forwarded related posts about WOJAK.
At present, the market value of WOJAK has reached more than 60 million U.S. dollars, with an increase of more than 1000% in the past 7 days. The 24h transaction volume exceeds 70 million U.S. dollars, and the holding addresses exceed 10,000. The exchanges listed on WOJAK include Uniswap (v3), Gate.io, Huobi, Bitget , and LBank.
CHAD
Similar to Pepe Frog and Wojak, Chad is also a well-known meme on the Internet. The meme coin CHAD was born after the pepe frog meme coin PEPE became popular. Chad originally intended to be a synonym for a very long-winded and self-righteous person. When someone babbles and you don't bother to care about him, you can say "Yes Chad" in response.
The total supply of CHAD is 235 trillion pieces, and it has risen by 79,202% since its launch on April 18. However, compared with PEPE and WOJAK, the currency has fallen more violently, and has fallen by more than 50% from the high point.
At present, the market value of CHAD exceeds US$4.3 million, with an increase of more than 690% in the past 7 days. The 24-hour trading volume exceeds US$5.57 million, and there are 2,268 holding addresses. The exchanges on which CHAD is listed include Huobi, Bitget, Poloniex, and Uniswap (v2).
POGAI
POGAI is almost a well-known local Dogecoin. Its meme image is a panda head spoof expression pack, and it has been very popular in the past two days.
The total supply of POGAI is 100 billion. It was officially launched on May 4th. There is no private placement and no pre-sale. POGAI is very strong in marketing. It adopts the AirDrop model that was popular in the past two years, and let kol promote it strongly. Its model is very similar to a batch of lowb coins, and it is even speculated that it was created by the original lowb team.
At present, POGAI has increased by more than 75% within 24 hours, with a 24-hour transaction volume of more than 24 million US dollars, holding more than 42,000 addresses, and the exchanges on which its tokens are listed include Gate.io, Bitget, and Uniswap.
2. AirDrop hype
The meme coin with AIDOGE as its token is mainly hyped around the Arbitrum AirDrop account, and there has even been hype around the zksync account AirDrop since then, but there is not much splash.
AIDOGE
In this round of meme token upsurge, almost at the same time that PEPE is crazy overseas, domestic AIDOGE is also rapidly becoming popular. The official website of ArbDoge AI (AIDOGE) claims that it is an experiment in the Arbitrum ecosystem. Its token AIDOGE was launched on April 15, with a total of 2.1 trillion tokens. Addresses with ARB token AirDrop qualifications can claim 95% for free, and adopt the mechanism that the earlier the claim, the greater the amount.
In addition, AIDOGE has designed a mechanism for trading burning tax. Users have a 15% combustion tax for each transaction on the chain, 3% is used for ecological development; 1% will be destroyed; 2% will be rewarded to Liquidity Provider; 3% will be used to purchase ARB, which is used to subsidize agreement games and Voting (in the early stage, some ARB tokens will be directly used to encourage users to increase liquidity pool funds); 3% will be used for AIDOGE holders to pledge dividends. 3% is used for lucky drops, which will be converted into ARB tokens and deposited into the lucky pool.
At present, the market value of AIDOGE exceeds 100 million US dollars, and the 24h trading volume exceeds 157 million US dollars. Its tokens have increased by 241% in the past 7 days, and the holding addresses exceed 130,000. The exchanges listed on AIDOGE include OKX , Gate.io, Huobi, Bitget, and BKEX.
Recommended reading: "Behind the surge of PEPE and AIDOGE, how do we dance with meme coins?" "
mongoose
MongCoin launched the MONG token on April 23. According to its official website description, MongMob (Mongolian) was born from the nonsense of a U.S. congressman, and Mongmin is immortal and can survive the bear market.
Unlike pure meme coins, MONG is related to MONGS NFT created in January 2022. MONGS NFT includes 6,943 NFTs, each depicting a unique mongoose. Holders of these NFTs will receive MONG Coin AirDrop rewards.
MONG has increased by more than 88% in 24h, with a transaction volume of 24.4 million US dollars and more than 10,000 holding addresses. The currently listed exchange is Uniswap (v2).
3. Social experiment /CX class
This category uses CX-like game mechanics to create user Fomo emotions.
CLIPS
The CLIPS just launched last night should be the hottest Dogecoin today. Its official gameplay seems more complicated. Simply put, it is a fomo game of competing for advertising space. It has a prize pool. For the first time, a single wallet gets five One million CLIPS, and then follow-up halving; you can also use your own currency to bid for the homepage to bid for the advertising space, and the consumed currency will also be burned. The successful bidder needs to pay 1.5 times the tokens of the previous one. If there is no People who bid will get token rewards.
The total supply of CLIPS is 220 billion, and the current 24h increase of CLIPS tokens exceeds 88%.
RG
RG is not as popular as CLIPS, but its gameplay is relatively new to create fomo emotions. Its official website says that the smart contract is completely generated by ChatGPT.
The total supply of RG is 999,999,999, all tokens are placed in the Uniswap V2 pool, and LP tokens have been burned. If an address holds RG for more than 9 days, the tokens it holds will be destroyed, and the holder must send the tokens to a new wallet during this period. At present, the 24h trading volume of RG exceeds 2.44 million US dollars, and the 24h increase exceeds 170%.
2. Meme projects are Rug Pull one after another , users need to be alert to risks
Recently, popular meme coins such as SHIBERA and XIRTAM have Rug Pull. Prior to April 26, ZachXBT, an on-chain data analyst, posted on social media that in the past one and a half months, users had continuously created 114 meme Coin scams and transferred all profits from them to the same address ( 0x73). Under the fomo mood created by meme, users need to be alert to risks.
XIRTAM
XIRTAM is the first protocol proof deployed in Arbitrum, and its official website says it will build the world's first advanced non-KYC blockchain reputation building system. Committed to creating a free Play-to-Earn game world, and players do not need to buy any tickets to participate.
There are many KOLs promoting XIRTAM. From April 23 to 26, the project party conducted a public offering on FjordFoundry and successfully raised 2.11 million US dollars. At this time, the closing price was 0.0456 US dollars. Subsequently, in the public pre-sale on the 29th, the project party raised funds on Pincubator_io at a unit price of 0.037, and after raising 633 ETH, mapped the tokens to Arbitrum.
But what is surprising is that SushiSwap was listed in the early morning of May 3, and then fell from $0.02 to $0.0018, and the market value plummeted by 90% in just a few hours.
SHIBERA
SHIBERA is a meme project on zkSync. The AirDrop was announced before, and Rug occurred shortly after. The official Twitter has been logged out, and the Liquidity pool on SyncSwap has been withdrawn. It is worth mentioning that before logging off the official Twitter, the account also changed the Twitter user name to "Hello".
3. Ethereum is the biggest winner ?
With the meme/earth dog season comes high gas fees. According to beaconcha.in data, the gas fee of ETH continues to soar, and it has become normal for the gas fee to reach more than 100 Gwei in recent days.
Why is meme/earth dog season so high? There is encryption kol analysis, because the Liquidity of meme coin/Dogecoin is mainly on the chain and the Lp is generally small, resulting in large fluctuations in the price of meme, buyers and sellers will set a higher slippage, in case the transaction fails and the Gas fee is paid in vain , and MEV arbitrages it to push up the gas.
From the perspective of ETH burning, in the recent downturn in the NFT market, the total supply of ETH has decreased by 32,242 pieces in the past 7 days, and the current annualized deflation rate is about 1.398%. Since the merger (231 days ago), a total of about 560,000 ETH has been burned, compared to 45,400 ETH burned in the past 7 days. The power of meme can be seen, so are you fomo?
