Shitcoin Pumping New Logic: Standard Chartered Shills, Market Lifts Sedan

BlockBeats News: Since June, two reports from Standard Chartered Bank have triggered short-lived FOMO for the meme coins UNI and AAVE.

On the 16th, Standard Chartered Bank's report first covered Uniswap and predicted that its UNI token could increase 40-fold to $100 by the end of 2030. In response, UNI surged over 20% in a single day. Despite a subsequent price drop, it still rose by about 10% compared to the price at the time of the report.

A week later, Standard Chartered once again shilled another DeFi token, AAVE. The bank's Head of Digital Assets Research, Geoff Kendrick, projected that AAVE could rise to $3,500 by the end of 2030, a nearly 50x increase from the approximately $70 level at the time of the report. Since the announcement, AAVE has seen a price spike of over 10%.

BlockBeats believes that "Standard Chartered's shilling leads to market pumping," signaling that the meme coin cycle may be entering a new stage of "institutional narrative-driven speculation." Similar reports in the future may become one of the significant catalysts for the DeFi sector. Short-term pumps are fundamentally narrative-driven pumps of capital, rather than an immediate improvement in fundamentals. The true long-term winners still depend on the protocol's actual revenue and value-capture capabilities.