Original | Odaily Star Daily (@OdailyChina)

Author｜Golem (@web 3_golem)

Immediately inform friends in the crypto world who are still playing American stocks and predicting the World Cup, the on-chain bull has returned rapidly, and the Meme market has already revived. From the Solana ecosystem to the BSC ecosystem, from ANSEM to CZ, TCC, and other Meme coins, the past month has been for Meme players, the wealth effect and frequency of the Meme market have been no less than the global AI stock bull market.

The criteria for determining whether the Meme market has truly improved are twofold: first, whether there are breakout Meme coins that open a new round of market cap limits and imaginative space for Meme coins; second, whether a large volume of fast-moving transactions has been driven in the Meme market. Both of these criteria have now been met, with Solana Meme coin ANSEM, born on June 28, being the breakout Meme coin of this round, achieving a market cap boost of 390 million USD within a week; however, this round of Meme market had already shown initial signs since June. (Related reading:A group of on-chain players who didn't watch the World Cup became wealthy on ANSEM)

Meme summer is back

The following are all the Meme coins whose market cap has been reported by Odaily Star Daily news push from June to now. Odaily's news push will monitor the Meme market in real time and selectively report the market cap and increase of popular Meme coins based on internal screening criteria, often achieving network-first announcements, thus serving as an indicator of the Meme market.

As shown in the image above, since June, Odaily Star Daily news has pushed reports on the market cap and increase of 10 Meme coins (only counting new Meme coins born since June), and all these 10 Meme coins have continued to rise in market cap after being first reported by Odaily news; 5 of them doubled after Odaily news reports, and 4 are still profitable if held till now, while it is not surprising that 3 have gone to zero (market cap below 1 million USD).

Assuming a certain Meme player invested 1000 USD buying each of these 10 Meme coins with 100 USD at the time of Odaily's first report (Odaily Note: This is only an assumption and does not constitute any investment advice), if the strategy was to double and run, then this Meme player would still have 1000 USD principal; if all were held till now, then this Meme player would have made over 5000 USD profit, with an ROI exceeding 500%.

From the above data, two conclusions can be drawn: first, Odaily's Meme news push can indeed serve as a reference indicator, especially given the current lack of attention in the Meme market; based on strict real-time monitoring and screening criteria, non-full-time Meme players can consider Odaily’s Meme news push as one of the “golden signals”, allowing them to discover big opportunities early without constantly monitoring the market. For instance, when ANSEM was first reported, its market cap was only 8 million USD.

The second conclusion is that the June Meme market has improved, with more fast-moving trades and fewer zeros. A close observation reveals that all 10 Memes reported by Odaily were fast-moving trades, and as of now, only 3 Meme coins have gone to zero.

The media is often viewed as an amplifier of market sentiment, hence the market has long had a “sell the news” trading method. This is no exception in the Meme market, especially during periods of no activity, where the market cap ceiling of Meme coins is suppressed, with a massive proportion of single surge Meme coins; when a certain Meme coin is reported by the media, it is likely already at its lifecycle peak, thus validating the “sell the news” strategy.

However, when the Meme market improves, the market cap ceiling for Meme coins is lifted, and the number of fast-moving trades increases, the situation changes. Ultimately, Meme coins are still a matter of attention economy, where attention driven by FOMO, controversy, and influence transforms into buy orders on the price chart; media coverage of Meme coins also attracts more user attention, making “buy the news” an effective trading strategy instead.

How long can this round of Meme market last?

So how long can this round of Meme summer last?

Most seasoned Meme players may have missed this round of Meme wealth opportunities, because there simply isn't any new probability or narrative generated; instead, the market is playing the oldest celebrity coins. For instance, Solana's ANSEM relies on the heavyweight of the Solana Meme, Ansem (real name Zion Thomas), who continuously promotes and engages fans through airdrops and financial support.

ANSEM has also driven the Meme market in the BSC ecosystem, with the two highest market-cap Meme coins, CZ and TCC, both touting aims to recreate another ANSEM on BSC. The Meme coin CZ is named after Binance founder CZ and features a Meme symbol showing CZ wearing a Binance sweatshirt; the Meme coin TCC is named after Meme KOL TCC (X: @TCryptochicks) and gained attention after receiving comments from CZ on related tweets, TCC is currently duplicating Ansem's method of community airdrops.

Community-created meme graphic of ANSEM punching CZ

In addition to not escaping the realm of celebrity coins, another characteristic of this round of Meme market is the popularity of coin manipulation and lock-up strategies. Some viewpoints suggest that this is not innovation, but rather a Meme gameplay birthed during the bear market when liquidity is scarce, essentially creating a false prosperity by artificially inflating the Meme market cap to attract speculative capital. To make liquidity even scarcer, coin manipulation often targets those who are unlikely to sell easily, for example, some have found that all early airdrops of Ansem went to people who wouldn’t easily sell, and the Meme coin CZ has transferred 70% of its supply to CZ.

While the narrative of this round is old wine in old bottles, wealth creation is indeed tangibly present on-chain; do not doubt the market, as the market is always correct. There's a saying in the crypto world that has persisted: “Even a consensus of fools is still a consensus.” What is certain is that the market's focus has shifted from Solana to the BSC Meme ecosystem, with CZ posting on July 6 in response to the BSC chain Meme coin speculation, stating, “May the best Meme win.”

The stage has been set, and the most important audience is already in place. Just based on this, it can be asserted that this round of Meme carnival is not yet at its closing time.

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