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MEME Market Heating Up, Where Is the Next Opportunity?

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A new paradigm for MEME has emerged, with ETH overtaking SOL as the primary platform.

Original Article Title: "How Will This Round of Market Trend Develop? How to Play MEME?"

In fact, each round of MEME is different!

In the last round, there was a PUMP frenzy, focusing on the so-called fair launch, where low-quality projects with high market capitalization used quantity to overwhelm quality. This led to emotions of nowhere to place on Ethereum's MEME due to high launch costs, finding an outlet in the PUMP.

But everything comes with a price. The price was the explosion of quantity, tools becoming more and more professional, players becoming more PVP-oriented. The eventual outcome was everyone losing money, and losing money is the best sobering tonic—finally, no one wanted to play anymore.

I have been thinking recently, now that Bitcoin is showing a clear bullish trend, when the market heats up, how will people play? What should they play? VC coins or MEME?

1. First of all, I ruled out VC coins

Because the value of VC coins in the crypto industry has been thoroughly debunked. This is not sentiment but a fact—blockchain's value lies only in stablecoins, transactions, and BTC. Everything else is gone. After so many years of various FIs, in fact, they were all sheep FIs, and the sheep are the industry's profit.

However, the momentum of massive liquidation cannot be changed. So, as soon as the market slightly warms up, you can see the six major exchanges simultaneously listing a certain VC coin, protocol revenue in the millions, tokens already distributed among VCs, the project team, and exchanges, with a market cap exceeding $10 billion, waiting for sheep to buy in—still working hard to come up with a new story. It's really tough for the project teams who are about to liquidate the sheep this time. After all, it's becoming increasingly difficult to find a new story to fleece with, as once the story is used up, it's hard to fleece again.

Project teams have also learned early on that the token's value is 0. There is no rug pull or pump, only dump. It's a matter of how to dump, when to dump, and all the dumped assets are profits.

If you receive protocol revenue, just buy government bonds to earn interest. BUILD? The project team is not a sheep; BUILD is just for earning interest, which is the most stable strategy.

Therefore, in this situation, VC coins are unlikely to have a future. Whether project teams, exchanges, or VCs, they won't get much.

But the demand for gambling will definitely remain. What will people bet on?

2. How to Play MEME?

Why do retail investors play MEME? It's to aim for big gains with a small investment. And the premise of aiming for big gains with a small investment is not being too conspiratorial; otherwise, retail investors can't get on board.

For example, take the Binance Life. It recently skyrocketed, but there is little discussion about it, indicating that whale control is very serious. No matter how high it pumps, it has nothing to do with retail investors. Moreover, the higher the whale control, the more aggressive the pump, providing little time for a reaction or to get on board.

It used to be said that you needed whales to make money. Then it was said that you could make money without whales through pumping. Later on, institutions, whales, and bull enthusiasts teamed up to launch projects together, orchestrating a pump and dump scheme. However, this strategy didn't work out so well in the end.

At this point, we can draw a few fuzzy conclusions:

1. SOL MEME is Losing Steam

If we talk about the trench concept, it's like this sector has matured too much. It's filled with landmines and meat grinders everywhere. If you try to go all-in for a big win, you'll end up as the meat yourself.

This point should be easy to understand for everyone. So, don't pay attention to the hype around here. Just pass on everything because the person hyping it might have already boarded the train in the early stages. By the time it reaches a $300 million market cap, it's already overhyped. Isn't it the case that dozens of bots are silently waiting to dump as well? The concept of fairness has long become a joke.

In that case, if SOL doesn't work, what about ETH?

2. ETH MEME Could Potentially Be the New Paradigm of This Cycle

The ETH meme is not a broad category but rather an observation starting from ASTEROID.

This token is an old coin but can give us some insight into the future. Let's first look at its narrative.

The story is compelling. The community fans deployed the $ASTEROID token on Ethereum in September 2024 (during the Polaris Dawn mission launch). At that time, nobody paid attention, and the market cap was only a few thousand dollars. It remained dormant for nearly 20 months.

Special Features of this Old Coin:

· Deployed on the day of the mission launch, not riding a hot trend afterward

· Dormant for 20 months, during which retail investors had already bought and sold, completely washing out the chips

· Clean Contract: 0 Tax, Ownership Renounced, LP Locked

· 420 Billion Total Supply (In honor of Musk's 420 meme)

· Not an official coin launched by anyone, but a grassroots community effort

· The dormant old coin was instantly activated at the moment Musk replied

· Market cap surged from around $50,000 to over $160 million

One of the most interesting points: An address, 0x5811, bought 7.43 billion ASTEROID coins for $542 80 days ago and sold them all for $405 the day before Musk's reply (resulting in a loss of $137). Today, those coins are worth over $2.6 million.

Have you noticed? This is a true meaning of a MEME, not a whale, a rug pull, or institutions creating a trap for others to fall into.

As I've said before, a great MEME cannot be "planned"; it must be a natural diamond, appearing suddenly.

I will share more details about what this MEME is specifically in another tweet later.

What's interesting is that this project hasn't experienced much of a dip in the past few days. It's simple—the SPACEX IPO is coming, starting at $1.5 trillion. With low circulation, reaching $3 trillion may not be surprising. As the mascot officially recognized by Musk, there will be an opportunity for continuous exposure.

Even their legal team won't miss out on such a great PR opportunity: amidst the cold giant rocket and space dreams, adding a story of love and care—what could be more impactful for spreading the word?

Musk said: "Whoever controls the MEME, controls the world."

In my opinion, this wave of MEME, from a first-principles perspective, must still involve Fair Dealing + Top Narrative + Continuous Flow + Musk's Influence + Overlay of Real-world Events like the SPACEX IPO.

From this perspective, you'll understand that all the newly launched ASTER and other coins from various angles are not worth your attention, whether it's for pumping or holding bags. Those lacking substance are simply creating a new dish to scrape off some profits. When you logically understand this, you will agree with what I'm saying.

And from this perspective, I have mentioned FLORK, it's easy for you to discover from the above methodology:

FLORK is a very popular asset. In Latin America, countless people recognize and love its image, which is copyrighted. Currently, Twitter users on iOS can see this FLORK image, which is mainstream and has great viral potential.

Twitter has chosen it as the icon for MEMES, indicating both a licensing partnership and its genuine representation of memes.

As for some people asking GROK about finding socks, it's quite funny, showing that they haven't actually delved into the cultural meaning behind FLORK.

The initial spread of memes was about culture and emotions, not damn foxholes.

To make memes great again, there is only one path: a return to the essence of memes, their culture, narrative, and emotional connections.

Understanding this, I no longer care about Dragon 2, Dragon 3, and the like. They have all become tasteless—seeing something trending and immediately creating a new one or jumping on the bandwagon. Will it succeed? No. Because these derivatives and recycles are all part of the same cycle.

But this time, everything will be different!

Both assets are expected to be long-term projects and are worth long-term attention. They may experience greater dips to allow more retail investors to join in, ultimately building momentum.