On October 9, the on-chain detective ZachXBT disclosed the holdings of Murad, the representative of Meme coin analyst, on the on-chain address, triggering the narrative of the revival of old Meme coins. Since Binance launched three Meme coins on September 15, the Meme coin market has set off a new round of hype. Vitalik sold the gifted MEME coins on the chain twice in a row, causing the zoo coin Hippo MOODENG to rise nearly 100 times in a short period of time.
This round of Meme coin speculation revolves around the dispute over the capitalization of the naming letters, the donation of Vitalik Buterin and Vitalik Buterin selling coins to boost the market, and the revival of Cult MEME coins. The difference in capitalization has become a unique factor in the speculation, and Binance's simultaneous launch of Neiro spot and NEIRO contracts has caused market fluctuations.
Donation Vitalik Buterin has become another hot spot for Meme coin speculation. Vitalik Buterin sold Meme tokens on the chain and donated them to charities, attracting market attention.
Cult Memecoin combines interconnected pop culture and cryptocurrency, and is usually created around a specific community or pop culture phenomenon, with a strong community-driven nature.
According to the Coingecko data platform, the total market value of the Meme coin sector has exceeded 50 billion US dollars, including the largest number of currencies. The MemeCoin market represents a new trend of decentralized culture and consensus, and the community is the core force driving the development of the project.
In general, the success of MEME coin requires a compelling story, unique design and community culture, as well as a strong spontaneous community and supporters.