On the evening of #DOGE 11, the MEME coin Daram on the Ethereum chain was minted 42,000 times in 3 hours by a Free Mint with high Gas.

It is estimated that more than 120 $ETH were consumed. Each address can only mint one, and the comprehensive cost may be close to 300 $ETH. That is, there were 42,000 coin holding addresses at the beginning. After 7 hours of turnover and some address aggregation, there are currently 29,405 coin holding addresses. At present, most of the liquidity is added spontaneously by OTC community members. As of the time of posting, the market value is 1.77 million US dollars and the liquidity is 60,000 US dollars. The main purpose of saying this is to express: As the most important ecological activities on major chains in recent times are meme coins, many market makers and institutions are also focusing on the meme track, which may be an important Web3 activity that will last for a long time in the future. However, after playing recently, most of the new tokens of the Ethereum chain are added by 1 or less ETH. About 80% of the tokens have initial liquidity, but when ordinary people can see and participate in it, there are at least 100 times or even 1,000 times of increase. Many of these projects are full of a large number of rat warehouses, and the deployers use robots to buy bottom chips in batches. According to the above data, this Meme issuance is very recognized by the market. I think if the next $NEIRO The same successful project may come in this form, a fairer distribution method, which is particularly important in Web3. It may not be this project that is successful, but this form on the Ethereum chain has higher potential than the PUMP form.