The Solana market led by Ansem is not over yet. $ANSEM set a new all-time high yesterday, reaching a market capitalization of nearly $180 million.

As the hottest target of this Solana meme market, $ANSEM's stable performance has allowed the market rally to continue. BlockBeats has provided detailed coverage of this market trend:

"24-hour 600x Surge, How Long Can This Solana Meme Rally Last?"

"Celebrity Meme Coin Played into VC Culture Again"

The reason for mentioning the above two articles is due to the fast-paced narrative logic shift in this market trend. By reviewing the two articles above, everyone can perceive how this market trend has evolved in less than a week.

End of the "Celebrity Coin" Rally

Initially, we thought that $ANSEM driving Key Opinion Leaders (KOLs) to participate in shilling coins and running up to nearly a $30 million market cap for $TJR, the "celebrity coin," would become the main logic of this rally. This is a rhythm familiar to on-chain players who engage in PvP gameplay, and indeed attracted many players on June 30 to participate in the logic of returning to low-cap ambush opportunities and speed contests.

However, TJR directly put an end to this possibility during his livestream that evening. He stated that dividing the community was a very bad thing, calling on everyone to refocus their attention on $ANSEM and strive to push $ANSEM's market cap to $1 billion.

With Ansem himself also making a statement on X, supporting everyone to refocus on $ANSEM, we witnessed the following trend:

In this dramatic process, the only ones possibly hurt were the players who held TJR. From the general response, players generally expressed satisfaction with the act of ending the split, focusing on the flagship movement, which is also the core reason why $ANSEM's trend has been able to remain stable and set a new all-time high today.

Another aspect that has made players more satisfied is that, besides intensively promoting $ANSEM, Ansem has not shown support for any other "meme coins." He even made a soft statement once, finding "meme coins" quite boring:

Ansem: Where have all the creative devs gone? The only interesting things on-chain right now are Kintara and Papertrade.

It is worth mentioning that Ansem himself does not consider $ANSEM to be a "meme coin." He believes that although the ticker is $ANSEM, the concept of "The Black Bull" is a meme in itself, which is the key point:

"In fact, the black bull in ancient China symbolizes diligence, strength, and reliability. It is a meme representing the beginning of a bull market, easily applicable to many fields, especially suitable for cryptocurrency, as crypto players on the X have long been pessimistic. As for the attention my promotion has brought to this token, that is just one part of what this meme is well implemented for."

He also expressed support for providing bounties to meme content creators for $ANSEM. He stated that he is looking for talent such as artists, video creators, and tweet writers to operate the meme coin, and will provide cash or token rewards:

Next, Ansem made a push for $NEST on his X, marking a complete shift in the market from "meme coins" to "Ansem's Selection." He did start promoting some interesting on-chain projects more rigorously.

Ansem's Selection Concept

After Ansem mentioned $NEST, its market value rose from over $4 million to nearly $18 million at one point, currently hovering around $12.4 million.

Nest allows users to mint the stablecoin nUSD through tokenized stocks or USDC. nUSD can be staked to receive snUSD and earn income from the protocol (expected APY of 6%) as well as dividends. After the protocol income distribution, the remaining part will be used to buy back and burn the governance token $NEST.

The project recommended by Ansem aligns well with the current trend of Solana's strong development in US stock trading. We have previously covered this trend and Nest in an article titled "Forget USDT, Solana is becoming the US Stock Chain".

Another project that Ansem has mentioned multiple times is Kintara. After his latest mention, $KINS surged from a market cap of around $12 million to briefly surpass $17 million.

Kintara is a blockchain gaming project and can be considered the flagship blockchain game on Solana. It is a browser-based MMORPG where players can engage in activities such as chopping wood, mining, fishing, buying houses, battling monsters and bosses, and PvP. To enter the game, players need to have 1000 $KINS in their wallet.

There are no additional fees in the game, only a reward roulette. For those who do not want to spin only once per day, players can spend $3 worth of $KINS to continue spinning. 50% of this revenue is used for token buyback and burn, while the other 50% is allocated to project maintenance and development.

The core gameplay loop involves collecting resources, crafting items, and challenging more difficult monsters. If players lack resources, they can use the in-game currency, "Gold," to buy from other players. Players can sell "Gold" in the game priced in $KINS, with 5% flowing into the treasury and 95% going to the player.

When we previously covered Kintara about a month and a half ago, the number of $KINS holders was just over 8700, but it has now reached 22,600 . The player base is also steadily growing, with current daily active users approaching 2000 and monthly players exceeding 27,000.

Both Nest and Kintara were not the projects initially mentioned by Ansem when he first introduced $ANSEM, but were already discussed by him in June. In this regard, he has indeed regained the trust of many players by consistently promoting these projects he had previously endorsed, which are now seen as consensus-driven good investments by the players.

Of course, not all the projects he has endorsed have immediately shown significant gains. For example, the prediction market Pumpcade did not experience an immediate surge after being featured as part of "Ansem's Selection." However, the project's performance has been relatively stable, maintaining a market cap of over $10 million for three consecutive months, reaching a peak of nearly $50 million at one point, and currently staying around $25 million.

When it comes to pure meme coins, Ansem is currently showing a clear preference for $SOLANGELES. This project turns events happening on Solana and popular meme images (such as Chillhouse, Troll, etc.) into humorous animations, presenting them as stories unfolding in "Solana Angeles":

In conclusion, we cannot say that all the projects mentioned by Ansem are part of the "Ansem's Selection." Some of the smaller projects he occasionally mentions have not been included in this article, but should adhere to the following criteria:

- Whether the narrative itself is innovative enough, such as Nest's stock DeFi gameplay.

- Whether it has garnered enough community consensus on Solana, even becoming a current leading project, like Kintara.

- For pure meme coins, whether they have gone through a period of consolidation, maintaining a relatively high market value under the current market conditions, like Solangeles.

Furthermore, when we look at $ANSEM again, there is a faint sense of "this is a better BSC market, but it's happening on Solana and is mainly driven by foreigners":

- $ANSEM is like Binance Smart Chain (BSC) life, with the key difference being that Ansem openly controls the float. The similarity lies in maintaining strength in a situation of general disbelief. Many KOLs are involved, and these KOLs are willing to distribute their chips through airdrops in a topical manner. The concept of "Big Black Bull" itself, in Ansem's interpretation, is also a meme within a Chinese context, which may not necessarily be foreign to Solana life.

- Ansem has not yet leveraged his influence to further stimulate the "celebrity coin" PVP but has come out against diversion. While some $TJR players suffered losses, it also prevented a messy situation in the market after a round of PVP.

- The current projects being promoted are not new token bindings but rather projects that have been tested on Solana and have consensus in narrative and community. While people may be dissatisfied or question $ANSEM, there are no objections to projects like Nest and Kintara.

If the situation develops ideally in the future, a possible scenario is for $ANSEM to lead the way in further opening up liquidity on the Solana chain. Some good targets may leverage $ANSEM's strong leadership to reach a higher position, allowing the "mid-cap" standard to increase to a $30 million market cap or even higher.

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