Recently, the Crypto Assets market has once again sparked a wave of Meme coins, with Ethereum founder Vitalik Buterin (V神) becoming a key figure in this trend. An Ethereum Token named MOODENG saw its market capitalization skyrocket from one million dollars to one hundred million dollars due to V神's donation and public thanks, attracting widespread follow in the market.



This phenomenon has prompted the community to summarize a new hype model: Meme coin projects donate tokens to Vitalik Buterin, who then sells them and expresses gratitude on social media, and finally the tokens are listed on exchanges. This model has already driven the price rise of several Meme coin projects.

At the same time, the Meme coin market is showing a trend of diversification. Traditional tokens based on popular culture, such as Dogecoin and Shiba Inu, remain active, while emerging projects like SPX (Abstract Index Token) attract investors with unique narratives, achieving an astonishing rise of 20 times within a week.

On a technical level, a "Meme Coin Collection Collision Project" has emerged on the Binance Smart Chain, utilizing automated scripts to continuously scan newly deployed Meme Token contracts in order to seize early trading opportunities or airdrops. Although the daily returns can be considerable, this operation also comes with risks related to contract security and Gas fees.

It is worth noting that some projects are beginning to explore the combination of Meme and DeFi, such as certain projects in the PancakeSwap ecosystem that attempt to integrate Meme elements with chain games and staking mechanisms, seeking a more sustainable development model.

However, with the rapid development of the Meme coin market, the importance of investor education has become increasingly prominent. Mainstream trading platforms like Coinbase have strengthened warnings about the risks of Meme coins, while the community continues to emphasize the importance of "DYOR" (Do Your Own Research), calling on investors to conduct thorough understanding and analysis before participating.

Despite the abundant opportunities in the Meme coin market, its high-risk characteristics cannot be ignored. Investors need to stay clear-headed, view market fluctuations rationally, and manage risks effectively. At the same time, regulatory agencies may strengthen their focus on this sector to protect investors' interests and maintain market order.
MEME2.11%
ETH1.79%
MOODENG1.75%
DOGE0.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
LiquidationWatchervip
· 21h ago
here we go again... another wave of apes chasing vitalik's tweets smh
Reply0
Degentlemanvip
· 07-25 03:43
Vitalik Buterin has already been figured out by you all.
View OriginalReply0
BrokenYieldvip
· 07-25 02:50
another ponzi scheme 2.0... smh retail never learns
Reply0
DisillusiionOraclevip
· 07-25 02:45
Vitalik Buterin, oh Vitalik Buterin, look I'm losing money, are you going to take care of it?
View OriginalReply0
TokenVelocityTraumavip
· 07-25 02:29
The price of V God coin skyrocketed.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)