NewsFlash Articles Data Fundraising BlockBeats Pro

SPX, Joe and other meme coins are doubling crazily. Is the "abstract craze" returning?

Joyceand others2Authors

Read this article in 15 Minutes

The demons are dancing wildly, different memes, the same abstraction.

With the bullish news of Bitcoin ETF and the rise of BTC, the long-depressed market has become active again. In a short period of time, concepts related to Bitcoin and its ecosystem such as BRC100, STX, and $ibtc have taken off. However, what many people didn't expect is that the "abstract meme coins" that were popular a few months ago have also ushered in a second spring because of this.

In this wave of memes led by HarryPotterObamaSonic10Inu (BITCOIn), "abstraction" has become a keyword. From the beach volleyball girl who claimed to surpass the S&P500, to Joe who looks like MM beans, the styles are all extremely abstract. The cryptocurrency market is once again welcoming a new round of "abstract craze".

SPX6900: "Four Nos" Cute Girl Dreams Beyond S&P500

When you see SPX6900, you might think of the S&P 500 index. Yes, the slogan of SPX6900 is to overthrow the S&P 500, and in the past month, the increase of SPX has approached 400%.

People who hold SPX will spontaneously create pictures or videos of SPX6900. With a slightly transparent anime girl style and continuously scrolling +6900 symbol, a narrative can be pieced together: cute girls saving the cryptocurrency world.

Like all other dog coins, when you open the SPX official website, you are greeted with a strange visual experience, with high-frequency flashing videos and poorly made images surrounding an anime girl named Marie, who is dressed in very little clothing, reminiscent of the classic game Beach Volleyball.

Click on Marie to choose to link your wallet, go to the Uniswap trading interface, enter the classic meme coin Bitcoin interface, or have a conversation with her.

Enter "how to make money" and Marie will enthusiastically recommend SPX to you. You can capture the true essence of SPX from this recommendation, which is to dream and do charity at the same time. It may seem absurd, but there is a reason behind it: if you dream (buy in) early, you can be nourished by the goodwill of later comers. As for more meaning, you will know when you wake up from the dream, maybe you can really surpass the S&P 500.

You can find the most serious introduction in the disclaimer. The statement reads, "It is crucial to carefully read and understand the following points before interacting with SPX in any form."

无开发: SPX6900 community, without developing or deploying smart contract code, nor participating in the creation of the SPX project.

Non-Financial: We do not sell or offer for sale any financial instruments, products or assets, including but not limited to SPX tokens. SPX is not a security, commodity or any type of financial instrument, nor is it registered under any securities laws of any jurisdiction.

无价值: SPX tokens are basic, valueless digital assets residing on the Ethereum blockchain. They have no backing from any commodity, security, or currency, and have no intrinsic value. Their value (or lack thereof) is purely speculative and subject to market risks, including complete loss of value.

No Rights: Holding SPX tokens or interacting with SPX tokens does not grant you any express or implied rights to any form of compensation, reimbursement, governance, or control within the SPX community or project. The tokens do not grant holders any ownership, profit-sharing rights, voting rights, or any other rights typically associated with financial assets.

Can't find a narrative? It's okay, dreaming openly and honestly is also a form of storytelling.

Joe: Vivid "MM Bean"

My initial impression of Joe was probably just that it looks like MM beans, but it has become popular as a meme coin.

joe's official website showcases itself with a long image featuring a staircase pattern. When you slide down to the bottom of the stairs, the colorful and out-of-page text makes you feel like you're about to receive a "404" error message. Perhaps this is a place that dream core enthusiasts shouldn't miss. Of course, sliding to the bottom at the beginning is not because of the threat of "no bad luck for 100 years" at the beginning of the webpage, but because I naturally feel that the stairs should represent a development process, and I am curious about how joe has developed to this day.

Just like some well-known tourist attractions that erect an introduction sign at the entrance and introduce themselves in multiple languages, as you climb up the stairs, the language of the text introduction on Joe's official website gradually becomes diverse, from the initial English to Chinese, Japanese, and even Arabic. Although there is no content about how Joe has developed and grown, it can indeed make people feel that it is moving towards "internationalization".

Since 2016, I have been writing the "dayday poetry collection". The white background with blue text and the completely unsmooth sentences make me subconsciously think that this is an unreliable webpage translation result. However, just like how I cannot understand the meaning behind this poem, I also cannot understand why Joe has become so popular.

Although Joe has his own Telegram, it is not in operation and only contains one security verification message. On Twitter, there are only different types of memes used to maintain his bizarre image. Of course, being extremely "basic" can also be trendy, and blindly following trends may not necessarily be wrong. According to Coingecko data, the price of $JOE has been rising for the past month.

OKX partner @famous_analyst said "Never ignore the yellow $JOE" and hinted that $JOE is the next $PEPE. After all, if you look closely, both Joe and Pepe have the same "protruding" goldfish eyes and their smiles have an unusually wonderful curvature. Even netizens are keen to PS this avatar into a human body. They are truly the second of the "Memecoins Four Horsemen" as called by Unibot X builder @cryptowhail.

@famous_analyst predicted that in a few months, there will be a "popular science" tweet that says "these wallets earned millions of dollars with $JOE a long time ago". The $JOE community also expresses their optimism about $JOE using different $JOE emoticons.

There are also relatively calm netizens who say "joe is unmoved" and accompany it with an expression pack with a disdainful look from joe. However, whether joe is "unmoved" or not, I don't know, but I am indeed unmoved by this, after all, why wouldn't I choose something more practical like MM beans instead of such an abstract concept like joe?

Of course, being extremely rustic is also a trend, and blindly following it may not necessarily be wrong.

群魔乱舞：不一样的 meme，一样的抽象

(Group Dance: Different Memes, Same Abstraction)

Other meme coins that have recently gained attention include the abstract coin BITCOIn and Haycoin, which was once a test coin for Uniswap, in addition to SPX6900 and JOE.

The full name of BITCOIn is HarryPotterObamaSonic10Inu, which combines Harry Potter, Obama, and Sony. ColeThereum, the founder of Pudgy Penguins, once purchased one. BITCOIn gained attention in June this year when it surged 35 times, and in recent market trends, it has also risen steadily.

Haycoin is a test token deployed by Uniswap founder Hayden Adams. Starting from October 12th, some people gradually began to buy and sell HayCoin as a meme coin. After noticing this trend, Hayden made a statement on social media and destroyed about 99.99% of HayCoin's supply. Subsequently, HayCoin's maximum increase reached 538%, and its price once exceeded 4 million US dollars per coin.