Recently, the crypto market has continued to cool down, and both mainstream assets and once-hot project tokens have experienced varying degrees of pullbacks. In such a market environment, it seems that only Meme coins still retain a bit of heat. However, when the craze gradually fades, where will the Meme track go in the future?
On April 3, BlockBeats invited Darian, head of growth at Gate.io wallet, Xiao Wei, founder of DD community, and crypto KOL Goutoujunshi to discuss and share on the topic of "The future of Meme, exploring the development trend of the Meme track after the craze subsides", and talked about new opportunities for Meme in the future.
BlockBeats: Please give a brief self-introduction and share the Memecoin track or project that you are most concerned about.
Darian: Hello everyone, I am Darian, the head of operations growth at Gate Wallet. I am also an old hand in the crypto industry who has experienced two bull and bear cycles. Before introducing the track I am interested in, let me briefly introduce Gate Wallet. It is a full-chain, decentralized, non-custodial wallet. At present, on-chain transaction users generally face the problem of high handling fees, and our wallet always maintains a "zero fee" strategy. For deep players, such a handling fee advantage is self-evident. In addition, we also provide generous airdrop rewards for new users. For example, you can often receive airdrop tokens worth 30 to 50 US dollars when trading on our platform. Everyone is welcome to experience it.
Back to the point, I have focused on three tracks from last year to this year. The first is AI-related projects, which is the direction I started to pay attention to the earliest; the second is the celebrity track and political track, which have been popular in the last quarter. I have been tracking many sub-projects in these three major directions. A more representative case is that in early November last year, I noticed that Marc Anderson, the founder of A16Z, provided a small donation of 50,000 US dollars to ai16z. When I met Shaw, the founder of ai16z, he was not very famous in the community at that time, and was just a relatively unknown developer. When he was working on the ai16z project, I also participated in the early preaching work in the Chinese community. This is also one of the earliest AI track cases that I started to participate in deeply in this cycle.
Xiao Wei: Hello everyone, I am Xiao Wei, the founder of DD community. I started to get involved in Meme projects from the BOME wave. At that time, Meme was a hot topic in the market, and for me personally, it was also my first time to participate in such projects. I entered the circle relatively early, starting with inscriptions. At that time, I entered the circle with Dog Head Military Advisor, and at that stage we participated in inscription-related projects almost every day. But On-Chain meme means a brand new opportunity for us, so since BOME, we have been deeply involved in the Meme field, and I have also written a lot of related tutorials to promote community development.
Doghead Military Advisor: Hello everyone, I am Doghead Military Advisor. Previously, Xiaowei and I were active on the chain, mainly researching various Alpha projects. Later, due to market changes, our direction was adjusted and gradually turned to research and practice in the Meme field. At present, I mainly focus on the Meme section on Solana and have been active in various communities and projects on the Solana chain for a long time. At the same time, I also participate in and pay attention to other chains such as BSC.
BlockBeats: Meme has become a major mainstream narrative in the crypto market since last year and is now in a clear transition period. Have you ever bought a meme? What is your favorite meme? Why?
Darian: Before I officially start, I would like to share a sad story for me. I have been in the crypto for five or six years, and I am one of the earliest people. I really started to pay attention to the Meme track in 2021. At that time, I was still working in a custodian in the Asia-Pacific region, and I was in contact with many project parties and platforms on a daily basis. In the 2021 wave of Meme market, DOGE was the first to break out, and the increase was very amazing, almost 50 times. During that time, I happened to be busy with custody-related work in the company. One day, a friend called me and talked a lot about the crypto. Finally, I asked if I could help him buy 100,000 yuan of DOGE. At that time, there was about a week before DOGE skyrocketed. But from the analysis point of view of our custodian, I didn’t think that Meme coins had actual value at the time, so I advised him not to buy it. Later, this friend never contacted me again, and I missed that wave of Meme market.
I started to pay attention to the Meme track again because a friend recommended PEPE. At that time, I began to really understand the community culture related to Meme and the atmosphere behind it, and gradually participated in it. In the past two years, I have mainly worked in the field of on-chain growth and wallets. I think playing Meme is one of the most direct ways to feel the market's hot and cold, and it has almost become my daily "work task". However, due to my busy work, I can't watch the market all day like many on-chain experts. I am now exposed to more wallet applications and am familiar with many of their functions, including GMV indicators, as well as the wallet tools we are working on ourselves, with the goal of better meeting user needs. At present, I use Gate Wallet to screen targets on the Ai recommendation list every day, which can greatly reduce the workload of selecting coins. Generally, by scanning the list two or three times a day, you can get a general understanding of the market status and the main trading trends. If the market is good, you can also find some potential Alpha opportunities.
As for my favorite Meme coin, I personally don’t have any strong likes or dislikes for the coin itself - I can’t say I like it, nor can I say I hate it. In the past two years, my trading style has shifted to intraday trading and trend trading of mainstream coins. I basically no longer make predictions, and I emphasize discipline and rhythm. It can be said that my style is a bit of a "scumbag" mentality - quit when you are ahead. This approach has its pros and cons. For example, last year, I first came into contact with the AI Meme track through the Chinese community. Many projects were shared at the start-up stage, and basically they all rose by dozens of times. But because I am used to swing trading, I often sold it in advance just after entering the market, missing the subsequent huge gains. Although I have sold a lot of Memes, I am still very optimistic about the potential of this track.
Xiaowei: My favorite is actually the meme coin POPCAT, but I have never been able to get on board before, and I could only watch it continue to rise. At that time, it was on the Ethereum chain. I started paying attention to it when it was $0.025. Later, it rose about 7 times, and then fell back after the highest point. During the whole process, it had at least two or three obvious buying opportunities, and it fluctuated by 5 times and 5 times. I was always watching from the sidelines and failed to enter the market in time, which was a pity. Later, I started looking for similar projects and found the coin FROG, which can be said to be a benchmark project for POPCAT. When it just opened the whitelist and started in the early stage, I started to pay attention to it in the group. They did a good job in packaging visual content such as emoticons. Later, although the project owner ran away, it was brought up by the CTO, so I think this coin as a whole has great potential.
Doghead Military Advisor: I actually like quite a lot of Meme coins, because I cover a wide range. If I have to say my favorite ones, I can list three: LUCE, BAT and FIGHT. I have participated in all three projects and have achieved some good results. Among them, FIGHT impressed me the most. That day happened to be the time when Trump coin was launched. At that time, due to some of my own inherent thinking, I did not get a high return on TRUMP. My usual habit is not to chase the leading projects, but prefer to explore the hot spots derived from the leading projects, such as related concept coins, imitations, or tokens that are strongly associated with them.
If you ask me what is the most relevant token to Trump besides Trumpcoin? The first one that came to my mind was FIGHT. I remember that day I bought quite a lot of chips at around 1M and held them all the way. Because TRUMP was rising very sharply at the time, it led to a series of related tokens to rise. At this time, funds from many communities also began to flow into these peripheral tokens. Later, the price of FIGHT rose to about 69 or 70M (I don’t remember clearly), and I left the market when it was more than 50M. This time I made up my mind. Although it was not a cross margin, it was also a small All In, and the final result met my expectations. I also led my community members to participate, and everyone bought a lot. So the coin FIGHT left a particularly deep impression on me.
BlockBeats: From the peak to the cooling down, what are the main problems that the Meme track is facing? Is it the influence of the market cycle or the problem of the track itself?
Darian: I think one sentence can summarize the current situation: the meme track is currently in a state of "entropy increase", and is generally in the middle and late stages. The most direct manifestation is the situation similar to the ACT crash on April 1, which often occurs in the extreme stage of the latter part of the cycle. Most memes have lost their independence, and in the past one to two months, trading and volatility have been close to zero. Some isolated events, such as large-scale selling, capital flow obstacles, or rate adjustments, can trigger violent market fluctuations.
Previously, Meme Coin had been building an imaginary enemy throughout the cycle, namely traditional Altcoin, trying to "suck blood" from its liquidity. But now this opponent no longer exists, and the liquidity itself has collapsed. The gameplay of Meme Coin is also in a state of interruption, and the wealth effect has almost disappeared. The number of tokens that can be successfully launched is very limited, and many tokens can only be issued on a small scale in Pump.fun or some issuance platforms. From the perspective of market value, the market has shrunk from the previous scale of tens of billions to perhaps only tens of millions of plates, and the frequency of such issuance is also very low, with perhaps only one or two projects a week.
Some KOLs try to inject attention or funds into the market in the short term through "risk control" or information manipulation, partially alleviating the state of entropy increase. But overall, the structural chaos of the entire Meme ecosystem is still intensifying. If there is no fundamental change, this trend will not stop. This state can be observed from several indicators: first, the birth and death rate of tokens, that is, the speed of new tokens being launched and projects being delisted, has already explained the chaos of the market. Secondly, there are many AI-based analysis tools that can measure the discrete degree of information transmission and judge the spread of emotions and heat from it. Then there are the changes in on-chain addresses, especially the obvious fluctuations in the number of small wallets, which also reflects the drastic changes in the structure of participating users.
So I think that Meme coins are indeed in a state of increasing entropy. But I don’t think there is a fundamental problem with this track. Since the birth of Bitcoin, it has essentially been part of the "Meme" track. Bitcoin itself is the biggest "Meme". The emergence of Ethereum and ICO in the last cycle also promoted the development of the entire Altcoin in the form of Memecoin. Our current definition of "Meme coins" is more of an artificial division. It is actually no different in essence from the ICO projects before the last round of DeFi Summer. They are all a mechanism for asset issuance. The difference is that the asset issuance method, market pricing method, and narrative logic will change in each cycle.
Like the wave from 2021 to 2022, many OGs in the DeFi Summer period did not actually get much return in this cycle, which is normal. In the past, they focused on external performances such as TVL, locked volume, and buybacks, but Memecoin often cannot measure its value through these traditional methods. Taking ai16z as an example, it is difficult to explain the value of this type of token using fundamentals or traditional investment logic. Investors who rely on old paths will find it difficult to judge, difficult to start, and the logic cannot be closed. So the problem with this track is not the "project", but the gameplay, users, communication methods, and narrative logic have changed. This is a complete cognitive reconstruction for users. I think this is also one of the important driving forces for the continued evolution of the crypto.
Xiaowei: I also think that "Meme Coin" does have an obvious cyclicality, just like the market we see in the primary and secondary markets. Whether it is NFT or coin-mining, they will experience periodic prosperity and cooling. For example, before PVP came out, the entire market was relatively calm; but after PVP became popular, various chains followed suit and launched their own PVP platforms. We were mainly involved in some Alpha projects at the time, and there were many artists issuing coins during that period, so the wave in March and April last year was really a "money-making market."
But that kind of market situation cannot continue. Meme will not always be played by people, and no one will always be able to get a lot of wealth through one coin. Many times, it is because after a long period of flat market, a new model suddenly appears, which leads to a big outbreak of FOMO sentiment and everyone rushes in frantically. If the market enters a state of extreme scarcity again in the future, there may be a chance for this window to appear again. But at present, this novel way of playing is outdated, especially pre-sale. For example, a few days ago I participated in a pre-sale and invested 20 BNB, but in the end I only got 80U, which was not even enough for the loss of gas fees. This shows that the current market environment is no longer suitable for relying on pre-sales to gain profits. It must be staged, and the tide will recede when it recedes. But I think that since we have been in this industry, we will continue to pay attention and participate, and we will always encounter opportunities. The most important thing is to be patient and wait for the flowers to bloom.
Doghead Military Advisor: The first problem is that the liquidity on the chain is not as sufficient as before. Why is this so? It is mainly because everyone is getting smarter, information is being shared, and opportunities are being consumed quickly. The second important point is the maturity of tools. Now the analysis tools on the chain are becoming more and more professional and convenient, which has greatly improved everyone's ability to obtain information, and the threshold for chain scanning has become very low. In the past, it was "who has the best chain scanning technology", but now it has become "who uses the tools well". When an industry gradually matures and tends to be programmatic, competition will become very fierce.
When we selected Meme in the early days, we didn't refer to so many indicators. As long as the front row was clean and the narrative was reasonable, we dared to go for it, and the accuracy rate was relatively high. But now many project parties will make the plate very clean and the logic is very complete, which is more likely to become a trap. As a result, it is more difficult for everyone to start, resulting in insufficient liquidity on the chain. This is actually the process of the entire track changing from a blue ocean to a red ocean-the tools are becoming more and more mature, the number of participants is increasing, and the opportunities are becoming fewer and fewer. Of course, opportunities still exist, but they have become fewer and harder to grasp. In addition, the impact of market cycles is also critical. For example, Solana has fallen by about 60% from its high point, which has also brought a great impact on the overall market. At the same time, funds are constantly diverted. But I still insist on one sentence: There are still opportunities in the Meme track, even in the cycle of alternating bull and bear markets, Meme is still worth paying attention to.
BlockBeats: Recent Meme Market Status: Memes on BNB Chain and Solana are starting to pick up. Some believe that the growth of memes on BNB Chain is mainly dependent on the momentum of "influential people", while memes in the Solana ecosystem are more community-driven. How do you view the growth logic of memes in these two ecosystems?
Darian: I think the Meme track is currently in a state of "commercial growth". Why can an ecosystem like BNB Chain become popular in this cycle? I think this is a manifestation of the "Maxwell-Thiem effect" - that is, in a chaotic environment, some people manipulate information gaps and create "windstorms", especially those with top influence, who can guide the direction of traffic and create local prosperity.
For example, in recent days, some meme coins on BSC have also seen a significant decline. We can see that the gameplay and logic of players on BNB Chain and Meme players on Solana are actually very different. Solana's Meme is more diversified, not only with retail investors participating, but also with various DeFi combinations. It is easier to form a spontaneous community. And in a complete cycle, its ups and downs are usually more frequent and more volatile. From my own observation, Solana's wash cycle is usually between one and three months.
In contrast, although BNB Chain performed quite hot in the first half of the month, judging from the recent market conditions, the overall upward trend is weak. Even if new head Meme projects emerge, their performance is relatively weak. From the path point of view, many projects of BNB Chain are actually typical "top-level momentum, bottom-level payment" models. From my point of view, this is a typical "momentum culture" - by constantly creating momentum, guiding traders to enter the market. At the same time, with the help of the empowerment of large exchanges, such as Bonus, Binance Alpha expectations, IEO, voting mechanisms, etc. This deep binding is a very critical point for the Meme market. As Teacher Xiao Wei mentioned, the liquidity of ordinary projects is far less than those enabled by Binance Alpha.
Let's look at the differences in capital operations. Take Solana as an example. From an institutional perspective, it is closer to an international narrative dominated by the United States. To put it bluntly, it is an ecosystem of "American origin." This means that it has more advantages in global community culture and capital purchasing power. In the Chinese community, the concept of community is relatively weak. In the United States, many communities, whether virtual or real, do have a clear sense of community and practice. In Chinese culture, more emphasis is placed on individual independence and autonomous development, which also affects the formation and development of on-chain culture.
This cultural difference is also reflected in the trading methods. Projects on the BNB Chain are often highly controlled and locally concentrated, often soaring two or three hundred points in a short period of time, and then quickly collapsing. The gameplay on Solana is more inclined to the continuous accumulation of small funds, and through narratives and community rhythms, a concentrated outbreak is achieved at certain nodes. Overall, Solana's trading model is more detailed and pays more attention to the sense of community participation. At present, many so-called "copycats" or "makers" in the market have basically adopted the trading methods of some mature tokens from Q4 to Q1 for their operating logic. These differences reflect the differences in the ecological culture, trading mechanism, and community development path of different chains themselves.
Xiaowei: The first chain I came into contact with was Solana, then Base Chain and BSC, and other chains were also involved, such as Linea, etc. There are many chains, but overall, Solana and BSC are the most prosperous. Solana has a relatively stronger consensus, so it is easier to run some currencies and projects with larger market capitalization. These two chains have one thing in common: once a project on a chain becomes popular, we will observe whether there is a corresponding plate on the other chain to participate. This method does not actually require us to take the initiative to grab the track, but to find opportunities through benchmarking. If a project on BSC becomes popular, we will find a corresponding plate on Solana to participate, and vice versa.
The reason why Solana and BSC have become the focus is related to the joint efforts of CZ and He Yi, and the BSC ecosystem has become particularly prosperous. When we first played Meme, we actually supported 20 to 30 chains to support Pump, including Ethereum, but it never developed. The reason is that the market consensus is still concentrated on Solana. After that, many chains began to imitate Solana, and many platforms were indeed established. In the end, it is still these leading chains that can stay. Even if there are many projects issuing coins on BSC, the leading projects are the ones that are truly viable in the end. There are many attempts on other chains, but we only need to focus on the leading chains.
From the perspective of the project life cycle, I think Solana is more durable. The popularity of BSC may only be cyclical. For example, some projects initiated by "Brother Sun" may end in one day. But Solana has a longer life cycle and is easier to accumulate consensus. When we choose a chain, we need to comprehensively consider its long-term value, whether the gas fee is low enough, whether the user base is stable, and so on. Everyone's choice is different. Some people can make money on Solana, but not necessarily on BSC. Most of the projects on BSC in the early days were "startup brands" or had model attributes, and many were "crypto honeypot" that issued their own contracts. Later, because of the reference of the Solana model, some screening mechanisms filtered out some projects, and CZ and others drove the market heat and generated a wealth effect, so everyone dared to play.
Doghead Military Advisor: Regarding the growth logic of MEME, I think the explosion of BSC this round has a lot to do with CZ and He Yi. It can be said that half of the market of BSC was caused by their shouting. The effect was indeed obvious at the beginning, but the shouting was too frequent in the later period, and the value was diluted instead.
At that time, almost everyone was "archaeological", and even every word and punctuation mark they said would trigger a round of hype. The MEME project, which was first launched in the Alpha zone, did bring a strong wealth effect. But later, as more projects appeared, funds began to disperse, and the market gradually declined, leading to the current market state. The main user group of BSC is Chinese. Although the group is large, the structure is relatively simple. The long-term model centered around CZ and HO can easily cause aesthetic fatigue among users. Although later attempts were made to turn to other narratives such as GameFi, it was always difficult to escape the influence of this couple.
Another key issue is that BSC's infrastructure is not as good as Solana's. When the market picks up, users will find that BSC's user experience is not as good as Solana's, especially users who are used to Solana, who often lose money when operating on BSC. I am the same, sometimes I even spend a long time looking for a tool. In contrast, I highly recognize Solana's community drive. Its ecological infrastructure is complete, its user base includes foreigners and Chinese, it has a strong community drive, and many tokens can eventually bring wealth effects.
For example, the STONKS project recently initiated by "Big Brother B" has been around for a long time, but there are still many believers supporting it. Some time ago, they also issued coins to KOLs offline. In the crypto, belief is very important. For example, projects such as BTC and DOGE are all supported by community belief. Without community support, it is difficult for a currency to form a continuous value expression. Therefore, I think community-driven is very important, and Solana has performed very well in this regard.
BlockBeats: When using wallets to interact with Meme, the transaction experience of BNB Chain and Solana is very different. Can Gate Wallet share your experience with these two chains? Will Gate Wallet optimize the interactive experience for Meme transactions in the future?
Darian: Of course, regarding Gate Wallet, we must admit that objectively speaking, the current data performance is not as good as some of the industry's most eye-catching wallet products such as OKX Wallet. But in fact, we have been deeply involved in the on-chain track, and have continued to pay attention to and record a lot of information related to on-chain data and user feedback. We plan to launch a new version of Gate Wallet at the end of April, before the 12th anniversary of Gate.io. This revision will bring a comprehensive improvement in trading experience and underlying links.
First of all, in terms of trading experience, some users have reported that our wallet has some deficiencies in terms of functionality. As a wallet product, security is the first priority, followed by comprehensiveness and convenience of functions, and finally the highlights of certain special features. In the past period of time, most users have paid more attention to the convenience and speed of crypto asset transactions, but ignored the existence of risks. Such problems have actually been reflected in the industry, such as the runaway incidents of some DEX platforms, and the risks exposed by users after authorizing operations through third-party bot tools.
Therefore, in this revision, we give priority to improving integrity and security while ensuring a convenient user experience. In the new version, we have introduced more data dimensions and richer data display functions to facilitate users to make investment decisions quickly within the platform without having to jump to a third-party platform for data comparison and information tracing, thereby simplifying the user's interaction path. In the past, our interaction path was relatively cumbersome, and the new version will provide a more intuitive and easy-to-understand operation method to help all users, including novices and heavy users, reduce accidental touches and misleading. The UI has also been fully upgraded, with significant improvements in both visual and operational experience.
The optimization of the underlying link is one of the focuses of this revision. GMGN has previously shared comparative data on the transaction speed of some platforms (such as Binance and OKX) on Twitter. After this optimization, our on-chain interactive performance is close to the level of the leading platforms. We will provide more refined quantitative indicators, including transaction speed, price inquiry on-chain, on-chain status synchronization, etc. In addition, the success rate of on-chain will be significantly improved, and some transaction accuracy issues reported by users will be resolved. At the same time, we will also introduce a series of mechanisms to prevent pinching and preemption to ensure the stability of on-chain transactions and user experience.
In general, our core goal is to provide users with a more complete, safer, and more efficient on-chain interactive experience. In the past, we focused more on the balance between security and convenience, but this time we are more focused on how to achieve true freedom and smoothness of on-chain transactions. Users no longer need to worry about operational issues and can focus on the transaction itself. This is our key breakthrough and work direction in this round of iteration cycle. Thank you for your support.
BlockBeats: What is the core driving force of the Meme track? Is it community culture, celebrity effect, or other factors? Which Meme projects have stronger long-term vitality?
Darian: I think this core driving force is an alternating process. First, the community development is driven by its native culture or spirit. In this process, there will be an explosion of emotions, and the capital trend and wealth effect also drive the purchase volume. I think the most concise statement is that ai16z, although he likes to stir up trouble and has some personality defects, for this plate, if you have paid attention to the AI track or this coin, you will find that it is a typical Western coin, from trading to the final rise, at least hundreds of times the return. So this is an alternating process, and community culture and celebrity effect are more of a short-term impact.
I have made some common analyses of classic Meme coins, and I think there are several points that are the key to the long-term vitality of Meme coins. First, it needs to have a real spiritual culture, no matter how low or noble it is, the important thing is to attract a group of people who pay attention to and spread this culture. Secondly, there are a lot of emoticons for Meme coins, and it is easy to cause spontaneous dissemination, which is a very natural and autonomous process. Third, most well-known or large projects have almost no founders. In addition, from the ICO period to the end of 2021, white papers were a topic that everyone often discussed. I have helped others make many white papers, and to be honest, I didn’t fully understand a lot of the content myself. It was full of doctoral-level algorithmic logic. For Meme coin projects, white papers are usually not required, or at most three pages, and it is enough to explain it simply and clearly.
Furthermore, Meme coins usually have a capricious or operable model. For example, BTC is the most classic Meme coin, and its model is digital gold plus reserves, plus a network of miners. Although coins like SHIBA were not very eye-catching in the early stages of their spread, they have formed their own model by building a mechanism to destroy deflation. Therefore, as a Meme coin that can survive for a long time, these are the basic commonalities.
Doghead Military Advisor: If we want to make a typical devaluation case, I think the most obvious one is celebrity coins. At that time, especially after Trump, many presidents and celebrities began to issue their own coins. The earliest participants really felt like they were picking up money. Why? Because they took advantage of their celebrity effect, and everyone followed suit to buy because of Trump's influence, causing the coin price to rise. Although this kind of coin will rise very high, their popularity usually does not last long.
I think that celebrity-powered coins are indeed a strong core driver in the short term, but in the long run, community culture is a more important factor. If you extend the timeline, you will usually find that few people are willing to continue to buy. Because this kind of coin lacks long-term emotional support, the price will start to fall over time, and eventually no one will pay attention to it. For example, the coin issued by Trump's wife, once it falls, it will continue to fall, and no one will mention it again. Therefore, the secret narrative is also a very critical factor.
A good narrative can create a good meme and form a strong community. If the narrative is attractive enough, can tell a good story, and is spread properly, the meme attribute of the coin can attract retail investors to actively participate, form a community, promote this secret narrative, and let more people know.
Therefore, I still believe that community culture and secret narratives have long-term vitality. For example, although some coins may look a bit funny, they can indeed survive for a long time and are relatively typical meme coins. In contrast, although celebrity coins can gain attention in the short term, in the current market environment, many people will no longer try them, after all, no one is willing to take over.
BlockBeats: How will the development direction of Meme narratives evolve in the future? Will it be more inclined to combine with GameFi and DeFi, or will it continue to maintain the attributes of community culture and hype?
Xiaowei: First of all, the most important thing is the community. Without the support of the community, simply relying on hot spots will not be able to last long, just like projects like Grok and Deepseek, which are just part of the information flow. When the hot spot passes, they immediately turn to the next hot spot, and it is impossible to form a long-term consensus. On the contrary, looking back at those projects that can form a consensus and are still alive today, such as MEW, WIF, and PEPE, they can maintain their vitality for a long time. Their success lies in the strong community support and long-term emotional accumulation behind them.
I think PNUT was very strong at the time, but this project was actually driven purely by capital, and there was no strong consensus behind it. It was more about creating a wealth effect to attract everyone to participate, and everyone wanted to catch up with this wave of market. But I think that community consensus cannot only look at the increase and price, which is meaningless. I invested tens of thousands of dollars in it at the time, but in the end it was cut in half. There was nothing I could do about it. If it is cut in half again, this coin will have no bottom.
As for meme coins, they are usually the first to react every time the market rebounds, because they have a smaller market value and are more easily pulled up than traditional mainstream coins. So I think when choosing meme coins, it is best to find projects with a small market value, strong community consensus, and meme culture, especially those with foreign teams involved. Everyone can see that many domestic projects do not have such a big pattern, and many Chinese currencies are still difficult to make even if they are well packaged and promoted. On the contrary, foreign teams can better promote these projects.
As for my personal choice, if I invest, I usually choose the current hot spots, and I will buy the hot spots today. I will not participate deeply in community building or operate a currency for a long time, because for me, it takes too much time and energy, and I don’t have that much time to manage the community. I prefer to seize opportunities in the short term rather than do long-term community building.
BlockBeats: What advice do you have for investors or project owners who want to enter the Meme market? How can they seize new opportunities in this market?
Darian: I don’t think it can be said to be a suggestion, but for investors in Meme coins, as a member of this track, I can provide some tips for quickly identifying risks and capturing ALPHA. Ordinary investors do not have so much time to do in-depth analysis. Because I built a wallet myself and need to check the relevant list every day, I developed the AIP pool list with the product and development team. This list can help many ordinary users solve the problem of on-chain monitoring and beat the time difference. Because it does take a lot of time and experience to capture ALPHA or analyze currencies on the chain. We help users solve these problems through AI algorithms and mechanisms. For ordinary investors, you can follow this AI list and combine some of your own filtering indicators to screen risks and then discover early opportunities.
After opening the AI list, I will combine some of my own filtering criteria to screen potential currencies. Then, I will analyze the flow of smart money and some investment methods to help me find potential opportunities. For example, the flow of some smart money can help me understand market trends, and I will also mark the corresponding investment opportunities based on this information. This is also something we will do in the next version (released at the end of April) in the near future, which can help me quickly track funds. By combining the advantages of some existing tools on the market, it can help find some meme coins that have relative advantages or may explode in the current cycle.
As for the project parties, I think it is more about cooperating with them, doing some ecological construction, or cooperation such as trading competitions, helping each other share liquidity pools, and supporting the expansion and exposure of high-quality project parties. These are some of my considerations for wallet operation and growth. Thank you.
Xiaowei: To seize the opportunity of Meme, I think you can refer to my previous experience. I have written a lot of articles about Meme today. Basically, there are only a few ways to play. There are two most mainstream ways. One is strategic, and the other is to focus on hot spots, find the bottom and get on the train, seize the opportunity to get big results. The other is to use large funds to allocate segments and make secondary opportunities, which can also get big results.
How to seize these opportunities? First, you need to join a large number of groups, because once you find a meme, you need to quickly find its source, see who posted it, what its angle is, and analyze it quickly. You can also use some tools, such as DBot, to analyze its narrative. After understanding its story, you can judge whether you dare to enter the market. If you find an early opportunity, you can buy it first, then analyze it, and then decide whether to sell it after the analysis. Decisions should be based on a deep understanding of the market and the project, not just blindly following the trend.
In addition, you should also be good at using the search function on Twitter, especially the PRO version, which allows you to track a CA in real time and always receive the latest news. In this way, you can know who has sent this CA and who has bought it, and grasp the market dynamics in real time, and then decide whether to increase your position, sell or continue to observe based on this information. Secondly, you also need to join some monitoring groups, or at least have your own smart string cool and monitoring tools. For example, we have made a quick monitoring channel that specializes in tracking tokens with large transactions within one or two minutes. When the trading volume suddenly surges and the price fluctuates rapidly, this tool can help us quickly capture this "conspiracy-like" market reaction and make timely decisions.
I usually read each one, so as not to miss any information about the token. Then I will analyze it and combine it with the method I just mentioned, and continue to pay attention to the dynamics of CA in various groups. If this coin has started to explode before I get on board, it means that this opportunity may have been missed, and there is no need to chase it. If you find that someone has issued an angled Meme coin, you can observe it, add it to the watch list, and buy it at the right time. This is my basic operating idea, and it is mainly like this.
Goutou Military Advisor: In the current market situation, if it is the previous advice, I would say try more methods like Xiaowei. But in the current market situation, my advice is: watch more, review more, judge whether you think it is stable, and make decisions based on your own cognition.
If you think a certain narrative has potential, but there is actually a very cruel market environment behind it, then you should be cautious. In the current market, you may be taught a lesson. Therefore, if you want to achieve results in certain coins, you must find differences from the previous market.
In the past, if you thought a narrative had potential, you would jump on it, but now, you must use some tools to avoid pitfalls. The tools I often use include Debot, and KOL monitoring tools to see which KOLs have issued CAs, and some smart money rapid monitoring tools. We have also developed some tools ourselves, which are used in combination with tools on the market.
The current meme market is indeed not as easy as before, and retail investors need to calm down and study the market. I suggest doing less and watching more, because the current market is not as easy to operate as in the past. You must protect your principal. The secondary market is not particularly ideal, and many coins will even lose money if you hold them.
BlockBeats: Finally, please summarize your judgment on the future of Meme in one sentence.
Darian: Now, from the opening to the launch to the rush to buy, the gameplay of Meme coins is very mature, and it can almost be said that a complete industrial chain has been formed. If you still want to participate in the arms race on the chain, in the end only the top players will fight each other, and the liquidity of the bottom or middle layer will basically disappear. The birth mode and gameplay of Meme tokens are different from those of these Meme coins five years ago. Nowadays, the participating groups are more post-00s. It can be said that this is a fast food model-pulling the plate is the king. After pulling the plate, you can choose whether to continue to build the project. I remember that when I was working with Shenyu, he once said: "There will be many hypocritical believers at the peak, and only at dusk will there be real builders of faith." This sentence actually makes sense. It reminds me that, back to the theme I mentioned at the beginning, when the market develops to a certain stage, most of the Meme coins will begin to degenerate and gradually enter the stage of selective elimination.
I agree with what CZ said before, that most Meme coins will eventually disappear because the funds will be redistributed. As for whether Meme coins can be combined with meal subscription, I think it is feasible, especially in the short term. There have been some successful cases before, such as GMT and Axie. However, the cultural genes of these projects themselves carry the attributes of GameFi. If we want to get rid of this instrumental attribute, I think that combining with GameFi or DeFi, although it is a tool, it must evolve into a tool that can be truly understood and respected by those former community believers.
Eventually, Meme coins may evolve into a kind of infrastructure for cultural or social needs. For example, it can become a kind of reserve asset, or represent certain cultural attributes, or even become a means of payment. I think these are all possible directions. In short, it has an evolutionary process. At present, most Meme coins are still at the stage of cultural symbols, which is also a key issue that project parties need to think about.
Xiaowei: I think this situation can be seen as "on-chain meme crossing bull and bear markets". This is the consensus between Ge Zhuo and I: this phenomenon will continue and will not disappear. People can always find new hot spots to participate in, but there may be a period of time when it is relatively quiet, and then at some point, suddenly there will be new hot spots to mobilize market sentiment, and the cycle repeats.
The real outbreak point may be the prosperity of the chain and the activeness of the secondary market when the bull market starts. But I think the chain and the secondary market are opposite, and they will show a relationship of sector rotation. For example, when the spot market rises very fast, Meme coins have no market, and everyone is busy speculating on spot or doing contracts. When the spot market's growth tends to stabilize, the market sentiment of Meme coins may be activated again, and everyone will start to rush on-chain meme.
I have been working on these two tracks, but I am more focused on Alpha. For example, when a new pump platform is launched on the Lina chain, I will rush to the first one. This kind of new project is more attractive to me, and I will remain cautious about Meme coins and usually rarely make a move. Because sometimes the market is not good, as long as you don’t move, you can keep making a profit. So I also want to remind everyone to manage the principal in your hands and not be swayed by speculation and gimmicks in the market. If you keep your chips, you will not miss the opportunity of the bull market.
Doghead Military Advisor: I have always believed that Meme coin is a track with opportunities, although I have not been in this circle for a long time. After all, I am also a post-00s, and I am younger than you old leeks. But I think that opportunities for Meme coins always exist, and it will shuttle between bull and bear markets. In a bull market, the Meme coin cycle will be more frequent, and in a bear market, although the activity will decrease, it will still appear periodically.
For example, on the current Ethereum chain, although the market is not good, some meme coins will occasionally come out, and even those on-chain meme coins that once performed poorly will occasionally have the opportunity to rise sharply. I have a group with more than 100 people. They all insist on playing these projects on the Ethereum chain. Although the current situation is not good, they are still waiting for opportunities, because occasionally some meme coins worth paying attention to will appear.
Although the current Meme cycle is relatively quiet, it still occupies a large market share between bull and bear markets. Meme coins are not afraid of bull and bear markets. Whether you are investing, alpha in the secondary market, or star-making projects, meme coins are always a track that needs to be continuously paid attention to. Especially its retaliatory effect. If you can buy the right Meme coin, its return is definitely several times that of other traditional value products, or even higher.
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