After Trump was basically confirmed to be elected as the President of the United States, Bitcoin continued to charge upward. After Bitcoin’s market share reached 60%, the difference between this rise and the previous times is that it did not “suck blood from the copycats”, but rose together. Web3 investment players also seem to have discovered that currently chasing Bitcoin is not the best option. It is better to choose altcoins that are obviously oversold. A large number of altcoins are in the undervalued stage. Among them, the Meme coin has rebounded the most.
As Murad said in a post on social media, “Understanding that Meme is an unstoppable tokenized community is the true understanding. We are in the early stages of the Meme coin super cycle.”
Binance, the leader of CEX, has also launched a lot of Meme coins recently. The culture of Meme is still in a stage of continuous development, from the earliest Meme coins Doge and Pepe, these already popular Internet animal meme images and their “related products” Bome, etc., to the recently popular New concepts “AI Meme” GOAT, ACT, etc., as well as some new animal meme images, Neiro, Mew.
In this article, we will compare in detail the rebound and current market value of these Meme coins since Trump took office.
“Dog” series
DOGE
As the earliest Meme coin, DOGE is the beginning of meme culture. Behind it is Elon Musk’s platform. Elon Musk once claimed that he would make DOGE stand at the price of a single currency of 1 US dollar. Trump’s election success is inseparable from Elon Musk’s “gold medal assistance” ” effect, the market’s hype for DOGE is also extremely enthusiastic. Since the crypto market reacted to the Trump campaign, that is, during U.S. trading time on November 5, DOGE has risen as high as 78.19%, with a market value now reported at US$41.141 billion, currently ranked sixth in the market value rankings.
NeiroCTO&Neiro
Neiro, as the new Shiba Inu who succeeded Doge after his death, has been very popular since the currency was issued. Many people in the market thought that Neiro would copy Doge’s myth of getting rich. There was also a dispute between uppercase and lowercase letters on Ethereum. Since the crypto market reacted to the Trump campaign, that is, during U.S. trading time on November 5, NeiroCTO has risen by a maximum of 119.71%, with a market value now valued at US$1.02 billion. Neiro has risen by a maximum of 60.77%, with a market value now valued at US$93.86 million.
WIF
DogWifHat can be regarded as the best-performing meme coin on CEX in 2024. After being listed on the Binance contract at a price of $0.3, it reached a maximum of $4.8 after a brief consolidation, with a maximum increase of 16 times. The legendary trader Nachi made a maximum profit of more than 20 million US dollars on WIF. WIF is currently the Sol ecological Meme “leader” with the largest market value among the Solana ecological Meme. It reacted to the Trump campaign from the crypto market, that is, the United States on November 5 Since the opening hours, it has risen as high as 54.44%, and its market value is now at US$3.01 billion.
“Frog” series
Pepe
Pepe is a meme on the Ethereum network that is very popular in 2024. Pepe the frog itself has been very popular on the Web2 and Web3 networks. As an old meme, its performance this year is also quite excellent, in line with the excellent performance of Bitcoin from February to March. The performance also went out of a “main rise” market, with the crypto market reacting to the Trump campaign, that is, on November 5 Since Japan’s U.S. trading time, it has risen as high as 59.45%, and its market value is now US$5.1 billion.
Trees
Bome is also Solana’s “golden dog” on the chain in 2024. It is derived from the Book Of Meme created by an artist’s artistic creation of frogs, aiming to record all meme culture, and also set a record of CEX on the head in three days. Since the crypto market reacted to the Trump campaign, that is, during U.S. trading time on November 5, it has risen by as much as 40.00%, and its market value is now at $640 million.
“Other animals”
RATS
RATS is the inscription on Brc-20, and is also called by many people as “the most out-of-the-circle meme.” After SATS and RATS were listed on Binance, the popularity of inscription has gradually declined. After a brief surge, it gradually fell. During the “anti-VC frenzy” in June, RATS surged 70%, but in the end it did not continue its rise. Since the crypto market reacted to the Trump campaign, that is, during U.S. trading time on November 5, it has risen as high as 56.22%, and the market value is now US$121 million.
MOODENG
MooDeng is an adorable hippopotamus in a Thai zoo that has been interacted with by the Thai Embassy in Tokyo and cosmetics company Sephora Thailand. In addition, well-known media such as CNA (Channel News Asia), US TODAY, and NBC have frequently published special reports on the heated discussions caused by Moo Deng in recent days, and it has also become the number one token in market value launched on Pump. Since the crypto market reacted to the Trump campaign, that is, during U.S. trading time on November 5, it has risen by a maximum of 199.94%, and the market value is now US$351 million.
Pnut
Pnut is the name “Peanut” of a small pet that mechanical engineer Mark Longo brought home after witnessing the tragic death of a squirrel’s mother in a car accident more than seven years ago. On October 30, the New York State Department of Environmental Protection announced Officers arrested Peanut and euthanized him without a search warrant. Peanut is considered an “illegally raised wild animal” and is not recognized by the public. The American satirical news website Babylon Bee stated that “radical squirrels wearing MAGA hats began to revolt.” Elon Musk has also repeatedly posted on social media Posting articles in support of Peanut, this controversy about Peanut was used as a tool for crusading against the Democratic Party, and even as a weapon of public opinion in political contests. At 13:38 East 8th District time on November 11, 2024, Binance announced the listing of Pnut. Pnut rose sharply in response, with the highest increase of nearly 4 times.
「AI Meme」
GOAT
The full name of GOAT is goatseus maximus, which was thought up by truth_terminal (an AI Bot that a16z founder Marc Andreessen once invested $50,000 worth of Bitcoin) talking to himself. As the leader of the AI meme, there are many legendary traders behind it, such as Eugene Dove and Nachi. After a slight decline after being listed on Binance, V quickly reversed. Since the crypto market reacted to the Trump campaign, that is, during U.S. trading time on November 5, it has risen by as much as 90.5%, with the market value now at $840 million.
ACT
ACT is a coin that helps and makes the work of ampdot known (ACT 1), as ampdot is a Chad Brokie researcher whose work is changing the space of artificial intelligence social agents. At 13:38 East 8th District time on November 11, 2024, Binance announced the listing of ACT. ACT rose sharply in response, with the highest increase being nearly 10 times. AI Meme’s “Ryuji” seems to have taken a stand after this announcement.
Whether it is the most original and recognized narrative of meme culture, “animal narrative”, or the new narrative AI meme that has been produced; whether it is the so-called “old meme” or the recently released “new meme”. It is not difficult for us to find that meme culture has always been a narrative that is very recognized by the market. Most meme coins in CEX have rebounded better than most other altcoins in BTC.
As Murad said, we are experiencing the SuperCycle of Meme. Meme coins are undoubtedly a very important component of asset allocation in Web3. Both decentralized exchanges and centralized exchanges are catching up with the trend of Meme coins, and Meme coins have also “produced excellent wealth effects.” We in Meme SuperCycle can increase our attention to Meme over a longer period of time and search for new narratives on the chain, which may be new developments in AI memes or brand new stories; we can find markets in CEX The Meme coin with stronger consensus has achieved Alpha gains exceeding BTC.
