Bitcoin returns to $100,000, and new and old memes are soaring. Is this the starting point of a new bull market or the market makers’ self-rescue?

As multiple negative factors are consumed by the market, the market shows slight improvement from the bottom, with Ethereum being the most eye-catching chain in the past 7 days. This chain, which was heavily criticized earlier, has seen continuous price increases due to capital recognition, technical upgrades, and a flourishing on-chain ecosystem, driven by the Pectra upgrade, continuous ETF buying, and the successful Virtual fundraising model, which has also led to a revival of Memecoins on the Ethereum chain. In contrast, Solana sees a rise in old-school second-tier Memecoins and AI sector tokens, but the primary market rhythm is becoming faster, with no new narratives to support it. The upper market faces continuous selling pressure from FTX and Alameda-related addresses, while the lower market continues to be drained by PumpFun. Only the Bonk ecosystem continues to produce new large MC memecoins, but it's not enough. Besides upper-tier addresses, fewer ordinary people can make money in the ecosystem. @ec_unoxx's DUNE panel shows the profit situation for nearly 30,000 addresses. ETH's Meme Revival Matt Furie Concept Returns For Ethereum's Memecoins, Pepe is undoubtedly the leader, having cultivated a powerful community during the previous ETH Meme wave. As one of the most famous Memes, it has been the main force in terms of market cap, capital inflow, and price increase. Unlike the "variable" Shiba Inu and FLOKI concepts on other chains, or the Hippo stolen by Solana, the frog-themed Memes seem particularly fond of the EVM system, especially ETH, as Matt's works are deeply associated with EVM, with ANDY and BRETT also achieving impressive market caps and communities. As Ethereum rises strongly, even influencing TikTok topic discussions, old Ethereum traders naturally picked up the Matt concept again, reviving this long-dormant "Meme chain". (The translation continues in the same manner for the rest of the text, maintaining the specified translations for specific terms)

HOSICO

HOSICO is a Memecoin mentioned by the author when BONKFUN was launched. As one of the "first-generation" BONKFUN tokens promoted by BONKGUY, HOSICO continues to maintain a healthy K-line trend. This internet-famous cat, which has been leading other tokens since BONKFUN's launch, is also viewed by the community as the most promising Memecoin to break through a $100 million market cap for BONK.

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IKUN

As mentioned earlier, a large number of Chinese-speaking players have entered BONK, and IKUN is a representative of this. This "chicken" concept, which almost everyone living in the Chinese online space would know, was promoted by BONKGUY and reached a peak of nearly $10 million in market value, currently priced at $6 million.

Tears of the Era: Old Meme Collective Outbreak

According to ARKHAM's TREEMAP data, half of the top 15 performing tokens in the past week are old Memecoins from Solana, with MoonDeng and PNUT concepts being the most popular. Famous KOL Chuan Mu's logic for purchasing these two tokens is that "they are very similar to early pepe and shib", and both concept coins have performed excellently in this cycle.

TITCOIN

Another standout is the COIN-type "imitation" TITCOIN. This thoroughly "conspiracy" token maintained quite good traffic data in the early stage by "skirting the edge", while the backing funds built the community and pulled out an almost "only rising" market from March to May, accumulating a community of 22,000 holders.

What Other Secondary Targets Are There?

Famous data analyst @ec_unoxx organized data indicators for many secondary targets on DUNE, which retail investors can use to analyze K-lines in conjunction with potential large inflows of tokens.

It can be known that tokens with recent top inflows are almost all old coins launched over 150 days ago, with more established Memecoins like MEW, POPCAT, SLERF, and WIF occupying most of the inflow volume. AI concepts led by ai16z from the recently launched platform autofun occupy another part of liquidity, partly due to previous overselling, and partly because no new AI concepts have emerged in Crypto, so mature AI projects are also considered buy the dips targets by smart money.

Accompanying the thriving on-chain, crypto poker player Wesley "CryptoApprenti1" believes this on-chain cycle lacks incremental funds, and the prosperity is actually the market makers saving themselves. He stated, "Believing that another super meme like $shib or $pepe will appear is nonsense." Indeed, with the assembly line-like nature of on-chain Meme, large market cap Memecoins have become increasingly rare after $Trump.

Fewer "diamond hands" can win, while many "paper hands" achieve good returns through PVP. With Crypto Banter founder @cryptomanran's news that a Meme coin under Trump's social platform Truth Social will launch in the next 72 hours, the future market is full of uncertainty. In this era of increasingly rapid bull-bear transitions, Warren Buffett's classic quote inevitably resurfaces: "Be fearful when others are greedy, and greedy when others are fearful."