After the Solana chain experienced the hype of "raising money", the MEME concept coin was silent for a while.
But starting from last night, funds started to "play tricks" again, with two large MC memecoin appearing one after another. Web3 Twitter players said: The Solana chain has returned strongly.
Whether it is BTC’s top narrative Runes, or the Base chain that once had a large MC memecoin flying around, we have to admit that the Solana chain’s funds are still good at playing.
So, what are the opportunities here? 
Which two large MC memecoin have emerged from the Solana chain?
Let’s look at this one first: GUMMY, the token was launched on the 21st, the current market value is 150 million US dollars, and the 24-hour increase is 39%.
This MEME is different from previous MEME coins that exploded at the opening and never looked back. It has almost shown a continuous upward momentum.
Token address: H7bTHGb5Cvo5fGe5jBDNDPUv8KykQnzyZA3qZ8sH7yxw
GUMMY is a MEME featuring a red bear, with a total supply of 1 billion, of which 20% is used for airdrops, 10% for CEX liquidity and market making, 20% for marketing, 40% for LP (destruction pool), and 0% for the team founders.
It seems fair, but GUMMY has attracted public attention not only because of the increase in price, but also because of suspected "insider trading".
According to Lookonchain analysis, a certain user made tens of millions of dollars on Gummy. The reason is that he withdrew 65.23 SOL from MEXC 12 minutes before the Gummy contract was deployed, and then used 64.5 SOL to buy 97.36 million Gummy in the same block where the Gummy contract was deployed, that is, when the Gummy contract implementer increased liquidity, these Gummy coins are now worth about 10 million US dollars. This sniping ability makes people suspect that this person is either a professional meme sniper or a 100% insider.
If you look at its official Twitter, this GUMMY is not very likable. To me, it’s not the kind of thing that makes you want to rush over at first sight.
Let's look at another large MC memecoin, MANEKI. Chinese name, lucky cat.
According to the data from dextools.io, with a market value of 87 million and a pool of 13 million, this pool is incredibly large. The previous GUMMY only had 3.2 million.
Token address: 25hAyBQfoDhfWx9ay6rarbgvWGwDdNqcHsXS3jQ3mTDJ
Currently, MANEKI has performed the myth of 10 times in one night.
If you look at Twitter, there are 23 KOLs following it in my follow list. Just looking at Twitter, MANEKI doesn’t have much content, but one short video is quite cute.
In fact, neither Gummy nor MANEKI has much background story, which is very different from BOME and SLERF, who have been the subject of constant gossip after their launch. At present, they may be closer to the early Hat Dog.
The above two projects both belong to the category of "cold opening in a large pool", that is, there is no advance shill from 400UKOL, and they simply rely on their continuous ability to pull up the market to attract investors' attention and become large MC memecoin.
However, such projects are either targeted by scientists or bought in advance by mysterious addresses, creating myths of getting rich quickly, being monitored by on-chain analysts, and then widely reported by the media.
Look at this whale's cool moves.
10 hours ago, he exchanged 300 sol for 44M MANEKI. 2 hours later, he exchanged the cost for 4.74M MANEKI. Then, he exchanged 20M MANEKI for 1000 sol. 1 minute ago, he exchanged the remaining MANEKI for 1180 sol. In 12 hours, 300 sol became more than 2400, with a profit of more than 8 times.
The tenacity of the Solana chain is not just determined by the two large MC memecoin. Looking at the above picture, the entire Solana chain MEME has had strong rebound capabilities in the past 7 days.
In addition, the weekly transaction volume of the on-chain DEX of the Solana chain is the only one that is on the rise, which shows that the activity of the Solana chain is really amazing.
Base chain remains silent, but is it making efforts silently?
After the last round of MEME wave of Solana chain subsided, Base link stick became a veritable MEME chain.
However, recently, the Base chain MEME has been a bit out of fashion.
First of all, DEGEN, the leader of Base chain MEME coins, is a bit weak. Although DEGEN is very resistant to decline, it seems to have entered an adjustment period and cannot reach a new high. In addition, it is not listed on Coinbase, Binance, or OKX. As a leader, this is unacceptable.
In addition, Brett, HIGHER and others have also been unable to recover and cannot continue to perform miracles of pulling up the market.
In addition, a token called NOGS, which was converted from an NFT project, recently appeared on the Base chain.
NOGS’s narrative is bundled with the NFT project Nouns, whose tokens are airdropped to Nouns and Lilnouns holders.
Nouns’ NFT auction is a pioneering work in the NFT era, and the price of 30+ETH once made ordinary people daunting. It has to be said that as a DAO that is very capable of making things happen, Nouns is very strong and has also gathered a wave of top NFT and DAO players.
Today, this group of people has brought Nouns culture into the Base chain, settled in Farcaster, and used NOGS tokens for operations. It can be said that it is very worth looking forward to.
However, even if an ace force like Nouns comes to Base, the price performance of NOGS can only be said to be average. Although the market value is high and it performed well at the beginning, its influence on the entire industry is limited.
These MEME projects of Base are based on Farcaster, the native Web3. Their sustainable operation capabilities and strong social interaction capabilities are obvious to all, but it is always felt that Farcaster has a high threshold, a small circle, and its ability to break out of the circle is currently worrying.
How to play the Base chain? All I can say is: watch more and do less. Especially since BTC is still in a period of shock adjustment, the short-term trend is not clear.
However, Base's MEME is definitely worth looking forward to.
On the one hand, compared with Ethereum's Layer2, Base's daily activity is far ahead.
As shown in the figure below, Base Chain’s TVL increased by 12.08% in a single week, ranking first in the Layer2 echelon. Currently, its TVL is about 5.8 billion US dollars, ranking third. Arbitrum One ranks first with 17.4 billion US dollars. OP Mainnet ranks second with 6.9 billion US dollars.
On the other hand, the core management team of Base and Coinbase is very open to MEME. Recently, Jesse Pollak, the head of Coinbase protocol and head of Base protocol, once again publicly stated that Meme coin is an important part of the on-chain economy, and he is happy to see more Meme coin-based dissemination to help non-Web3 users enter the on-chain world.
"Meme coin creators on the Base chain have also created many new ways for people to join the community, which has created a Cambrian explosion of experiments for novices to get started. In the next few years, we will see these meme coins attract millions of people to join Base. They will become one of the biggest driving forces because they are constantly attracting more and more people to join in creative ways," he said.
