Cryptocurrency Chat: Taking Stock of the Recent Meme Hotspots on Three Major Public Chains in the Context of Interest Rate Cuts

This article will take stock of several currently popular Meme projects on the three major public chains from the perspectives of trading volume, fund pool size, and recent popularity.

Author: Alvis, Mars Financial

Against the backdrop of interest rate cuts, the cryptocurrency market is gradually warming up, and the long-lost meme season seems to be brewing.

Since the launch of the uppercase $NEIRO, the lowercase $Neiro representing community power quickly landed on Binance and surged nearly 30 times in just two days, reaching an astonishing 600-fold increase in the past month. The cryptocurrency community cheered for this, and many investors once again achieved financial freedom. The frenzy triggered by the lowercase $Neiro not only quickly gained attention but also completely ignited the discussion and participation in meme projects on the chain.

Ethereum takes the lead, and recently, the gas fees for ETH have significantly increased, reflecting the high demand for on-chain activities in the market.

This article will focus on the interest rate cut background and take stock of several currently popular meme projects on the three major public chains from the perspectives of trading volume, fund pool size, and recent popularity. (Not financial advice, DYOR)

Ethereum

BURGER

A series of actions by U.S. presidential candidate Trump recently triggered a craze for many meme coins. Especially after he held a press conference for the cryptocurrency project World Liberty Financial and tweeted "FIGHT," the $FIGHT coin surged by 500% in just 24 hours.

In addition, Fox News reported yesterday that U.S. presidential candidate Trump used Bitcoin to purchase a cheeseburger at a Bitcoin-themed bar called PubKey near New York University, quickly igniting the "burger BURGER" concept and once again sparking market discussions.

$BURGER contract address: 0x0c2e08e459fc43ddd1e2718c122f566473f59665

$BURGER went live at 6:00 am on September 19th. It is worth noting that during the live broadcast of Fox News, Trump used Bitcoin to purchase a cheeseburger at 5:44 am. Within just 15 minutes, the dev team quickly laid out the $BURGER project. It is worth mentioning that when $BURGER went live at 6:00 am, the market value remained below $10,000, and it remained a very small market cap until before 8:00 am.

The official Twitter account of $BURGER posted its first tweet at 6:35 am. Within the next two hours, the market value quickly soared, reaching $6 million by 10:00 am, with a staggering 600-fold increase in just 4 hours and a trading volume of over $15 million in 24 hours. Currently, exchanges such as MEXC and AscendEX have announced the listing of $BURGER, and the price is close to its all-time high, with the market expecting it to reach new highs.

$Burger

$Burger contract address: 0x01e7cd5ce65bdf04de97c22f817123cd0e9eca0d

Influenced by the NEIRO project, lowercase coins often accompany the appearance of uppercase coins. Sure enough, at 10:00 pm on September 19th, the lowercase $burger went live and surged to a market value of nearly $2 million at one point. However, after a rapid rise, it experienced a decline, and its current market value is only $700,000. It seems that not every lowercase coin can follow in the footsteps of $Neiro.

$MISHA

$MISHA contract address: 0x0ccae1bc46fb018dd396ed4c45565d4cb9d41098

$MISHA officially went live at 1:00 pm on September 19th, inspired by the documentary "Vitalik: An Ethereum Story" released that day. In the documentary, Ethereum co-founder Vitalik Buterin mentioned for the first time that his pet dog is named Misha, which attracted attention and resonance from the cryptocurrency community.

$MISHA quickly sparked a frenzy upon its launch, with the project's market value rapidly soaring from an initial $10,000 to over $10 million within just 4 hours, attracting a large influx of funds. The 24-hour trading volume of $MISHA has reached as high as $25 million, showing extremely impressive performance.

With the continuous rise in popularity, $MISHA quickly landed on the MEXC exchange, further consolidating its market position. Although $MISHA has shown remarkable growth potential, its future trend remains uncertain. With the continued expansion of the community and changes in market sentiment, whether $MISHA can continue to break through in the fiercely competitive meme coin market remains to be seen. However, if it can gain further attention or support from Vitalik Buterin, perhaps $MISHA still has the potential to spark another round of price increases.

SOLANA

When discussing the Solana chain, the token price is undoubtedly an important focus. According to Binance data, the current price of SOL is $148, with a 16% increase in the past two days. In March of this year, SOL experienced a significant meme craze, and compared to EVM chains, Solana's contract settings for meme tokens are relatively relaxed, lacking complex restrictions such as tax and whitelist/blacklist settings, providing a more fair competitive environment for the market.

In particular, the presale craze sparked by BOME, whose token achieved a staggering 1000-fold increase within just 3 days of being listed on Binance, directly drove the trend of meme tokens within the Solana ecosystem. This series of presale activities not only enriched the market categories but also made the meme ecosystem on the Solana chain relatively large, and various token presales have made the overall meme pool on the Solana chain relatively larger.

BOME

In the meme projects with a market value of less than $1 billion, the most well-known on the Solana chain is undoubtedly BOME. Typically, it takes a long time for a meme coin to be listed on a top-tier CEX trading platform. For example, Shiba Inu took several years, Bonk took half a year, Pepe took 2 months, and WIF only took 1 month. However, BOME broke this record by successfully listing on Binance in just 3 days.

The rapid listing of BOME on Binance shocked many cryptocurrency projects, as many projects have not achieved this goal even after years of effort. Within just three days of its launch, BOME's market value quickly exceeded $1.1 billion, reaching nearly $2 billion at its peak.

However, at the current stage, BOME's market value has dropped to below $500 million, a decrease of nearly 75% from its all-time high. As a former leader in the meme space, BOME has not experienced a significant rebound since its listing. Additionally, its liquidity pool still holds over 150,000 SOL, providing very good liquidity for whales. Therefore, the market value changes of BOME will be worth close attention from investors.

SLERF

The attention-grabbing phrase "Oh fuck!" originates from the Slerf sloth project and has become a popular phrase in the crypto community.

On the morning of March 17th, Slerf posted fundraising information on Twitter. It is worth noting that the project's Twitter account was just created in March of this year. Shortly after the fundraising tweet was posted, the funds quickly reached the limit, successfully raising over 50,000 SOL.

Slerf stated that 50% of the raised funds would be used for presale, and the other half would be injected into the liquidity pool, a strategy similar to previous MEME projects. Everyone was looking forward to the start of trading and airdrops, but what followed was bad news. On March 18th, SLERF's founder @Slerfsol posted on X platform, stating that due to a mistake, the liquidity pool and airdrop reserve tokens had been destroyed, and the minting rights had been revoked, leaving him powerless. This news came as a shock, and investors expressed their astonishment and disappointment in the comments.

@Slerfsol later sincerely apologized: "This is not a joke, I really messed up, I'm very sorry… The biggest problem is, I don't have $10 million to refund the presale participants. I made a mistake at the finish line, I'm really sorry to those who participated in the presale, and I'm sorry to my team, who supported me over the past 3 days. I can't see a solution now, and I even feel it's almost impossible." He opened up on Twitter Spaces to express his feelings.

Initially, everyone thought the Slerf project would come to an end and become another classic "rug pull" in this round of the MEME market. However, a miracle happened. Although users did not receive the expected 50% of tokens, the founder's "going big" behavior touched many investors and sparked a strong buying frenzy. With the founder's crying, the token price quickly soared.

SLERF set a new record by reaching a market value of over $1 billion in just 30 minutes, surpassing BOME's 9-hour record, becoming the new meme king.

After being listed on HTX, Bitget, and Gate, the price of SLERF once soared to $1.44, with a market value close to $700 million. However, after more than six months of fluctuations, SLERF's market value has dropped by nearly 90% from its peak, currently standing at $84 million, with a price of $0.168.

So, why is SLERF considered a meme project worth paying attention to on Solana?

High visibility: There is no doubt about Slerf's reputation. The project burned $10 million at the start, leaving a mark in crypto history. Slerf has achieved a true "no DEV" and "no rug pull" mode.
Superior liquidity: Currently, Slerf holds nearly 200,000 SOL in the Raydium liquidity pool, a liquidity level that even exceeds Bome's market value of $500 million. In other words, it is particularly suitable for large holders and whales to increase their holdings.
Compliance prospects: The Slerf team needs to repay early investors $10 million, and as of today, the team has repaid 90% through the sale of SLERF NFTs, donations, and other crypto activities. This progress is expected to resolve the project's compliance issues and lead to the listing of Slerf on the OKX exchange on July 23rd.

BNB CHAIN

BABYDOGE

BabyDoge is a long-standing project that originated in May 2021 and quickly exploded in the market after the 519 event. Currently, BabyDoge has the most holding addresses on the BNB Chain, reflecting its strong community support and wide user base.

On September 16th, driven by the news that "Binance will list BABYDOGE spot," the price of BABYDOGE instantly rose by over 40%. This positive news not only increased market attention but also attracted the participation of many investors.

Subsequently, the BabyDoge team announced the upcoming launch of a new protocol, planning to burn more BabyDoge tokens. This new protocol will complete the token issuance and browsing process in a few seconds, initiated by the community itself. The income generated by the protocol will be used to repurchase and burn BabyDoge tokens, further enhancing the token's scarcity and value.

At the time of writing, BabyDoge's market value has risen to $350 million, demonstrating its continued attractiveness and potential in the crypto market.

Ton

Catizen

The last project to introduce is Catizen in the Ton ecosystem. With its upcoming listing on Binance on the evening of September 20th, just an hour away, the author hopes to take this opportunity to delve into Catizen's token economics and the potential market trends after listing.

For an introduction to Catizen, you can refer to:

Mars Financial Interview | TON Ecosystem Game Hit: The Team Behind Catizen and the Dream of 9 Billion Gamers

Catizen token CATI market value comparison chart; Source X: Crypto KOL@0xKillTheWolf

Token public chain: TON

Total token supply: 1,000,000,000
Initial circulation: 305,000,000 (30.5% of total supply)

According to OKX data, CATI's pre-market price has risen to $0.83, corresponding to a fully diluted valuation (FDV) of $8.3 billion, surpassing the market value of most MEME projects on Binance. Compared to a similar game, NOTCOIN, Catizen appears to have more advantages in fundamentals, market expectations, and funding attention, showing strong growth potential.

Considering Catizen's overall performance, it is expected that even in the face of airdrop selling pressure after listing, it may still quickly catch up with or even surpass NOTCOIN's market value. A short-term correction is expected shortly after listing, but there is significant potential for a rebound. Therefore, it is recommended that investors strategically position themselves after listing to seize this potential investment opportunity.

Overall, Catizen's token economics and market prospects demonstrate strong attractiveness and are worth paying attention to.

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