In the second half of the meme track, besides engaging in PvP on Sol and trading on Base Virtual, meme gameplay has also seen updates, with increasingly diverse options. Repump has started to recycle "junk" memecoins, while Farmer meme attracts users to create pools through high APR. Funds in the meme track are gradually spilling over into services and narratives surrounding the main theme of memes.

Farmer meme: 50x MemeFi in 3 Days

X blogger LSP achieved a 50x return in 3 days by creating a KACY/SOL pool on November 30. He earned transaction fees by pooling KACY and SOL, and after 12 hours, he reinvested the earned trading fees (30 SOL and KACY equivalent to 50 SOL) for "rolling over." Although KAYC's final FDV dropped to 20M, he still obtained higher returns than simply holding the coins.

Although some memecoins can easily go to zero, as long as the trading volume is large enough, LPs can still earn substantial profits through transaction fees. A good entry point for Farmer meme is still to create LPs with higher APR. Farmer meme adopts CLMM (Concentrated Liquidity Market Making) instead of AMM, where liquidity providers (LPs) specify the price range for their liquidity to be used in trading, and users need to manually set the range. If the price range is not adjusted in time, it can lead to significant impermanent loss.

However, it is worth noting that a portion of the rewards obtained is distributed in the form of the token $BRRR. $BRRR is the governance token of MEME Farmer, allowing users to participate in decision-making and ecosystem activities. The token can be obtained through LP Farming, staking, and community contributions. Additionally, a 10% fee will be charged on harvested earnings (all tokens in the LP will be converted to SOL). Of this, 50% of the earnings will be used to buy back $BRRR and send it to the treasury address.

In the early stages, the high APR was largely due to the increase in $BRRR being factored in, which would create some selling pressure after "mining, withdrawing, and selling." Although there are buyback plans for $BRRR later on, unfortunately, $BRRR has already started to follow a "Christmas tree" pattern.

It is also important to note that the project has not undergone contract auditing, posing certain security risks.

Repump: On-chain "Turning" Launch

With Pump.fun bringing a new narrative for on-chain asset issuance, although memecoins have experienced a significant wealth boom, the truly valuable ones are still rare. Instead, after the feast, people realized that there was an excess of memecoins left in the market, and even research-oriented P players would self-deprecate by saying they were "picking up trash."

The product design of Repump is very similar to "turning." Due to the oversaturation of asset issuance, many stagnant tokens cannot be utilized, and Repump can activate the liquidity of shit memecoins. Users can deposit excess memecoins into Repump's contract for destruction, and after destruction, users can activate corresponding destruction points at the end of the activity, which can be exchanged for the new token "Super Monster."

It is important to note that the points earned from destruction are only related to the value of the destroyed tokens and not the quantity of destroyed tokens. They are also related to the total value in the destruction pool. The "Super Monster" that users ultimately receive will be calculated based on the value they personally destroyed divided by the total value in the destruction pool.

According to Repump's official Twitter, in just 3 hours after the second phase launched, over 700 players burned more than 3,000 memecoins, with a total value exceeding $122 million.

Currently, the top 10 tokens burned on Repump are: $PNUT (33.31%), (11.67%), $RIF (9.68%), $SCIHUB (2.11%), $WIF (1.77%), $ACT (1.51%), $SSS (1.31%), $NuCouché (1.3%), and $Riemann (1.28%), with other tokens accounting for 33.45% of the total burn. It is worth noting that points rewards can only be claimed after the burn ends.

Repump's platform token Goose has also started a major upward trend, steadily rising since its launch, following a "higher high, lower low" path. Its market cap is currently stable at around $10 million, with trading volume fluctuating around $800,000. The platform token Goose will also be empowered in the future.

The market has voted with its feet to choose the mainstream narrative of this round of the "meme super cycle." Although there are still many voices expressing FUD about these projects, in the cooling off of memecoins, these new gameplay options in the meme track can be seen as a new "light at the end of the tunnel."

This article does not constitute any investment advice. The above projects are still in the early stages, and readers should be aware of investment safety risks.

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