The market rhythm of meme coins changes very quickly. In the blink of an eye, Ethereum, which has been suppressed by Solana, quietly regained its vitality.
Judging from the changes in gas fees of Ethereum over the past week, we can intuitively see the recovery of the Ethereum mainnet:
Source: Blockbeats
"Give money to Vitalik", this eye-catching method that everyone is familiar with has returned. During the National Day holiday, Ethereum co-founder Vitalik Buterin sold 11.76 billion $MOODENG through KyberSwap and exchanged it for 21.033 Ethereum coins (approximately US$50,900). On October 7, the Vitalik address sold 10 billion $MOODENG again to obtain 308.69 Ethereum coins ($762,000) and transferred 260.16 Ethereum coins ($642,000) to the charity Kanro, which made $MOODENG on Ethereum vigorously Pull up and hit new highs.
On Twitter, Vitalik posted, “I’m very grateful to meme coin projects that donate a portion of their token supply directly to charity. (For example, I saw Ebull donate a large amount of tokens to multiple groups last month) , any tokens sent to me will be donated to charity (thanks to Mooden, the 10 billion tokens received today will be donated to airborne disease prevention and control technology), but I would prefer to donate the tokens directly to charity, maybe A DAO can also be established to allow the community to directly participate in decision-making and processes.”
Source:X
Players on the chain have mixed reactions to this method of "Vitalik advertising space" + "charity" to gain attention. Some players believe that memes on Ethereum cannot create new life in terms of content creation, so they have to activate the "turn back time technique" and repeat the route of Shiba Inu coin more than 3 years ago, send money to Vitalik, and then Vitalik donates money to charity or destroys it to create "benefits". This is a manifestation of Ethereum bowing to Solana in terms of meme power. Some players joked that Ethereum's standardized meme operation process could simply be used as a meme and issued with coins.
But the editor holds a more positive view on this. If this process is so easy to reproduce, then Ethereum should already be full of golden dogs. Getting Vitalik's interaction is just a result, and the efforts behind the community cannot be ignored. Otherwise, anyone can give 80% or even 90% of the chips to Vitalik, and then the remaining 20% or 10% will actually circulate and watch them take off. .
Whether it’s $MOODENG or $Neiro, these last targets have strong community power. How to judge the strength or weakness of a community? It's very simple. No matter how many coins you hold, you can be considered powerful if you can unite the coin holders and do one thing seriously. Not to mention that after the tokens rise, there will still be a steady stream of coin holders to spend their own money. Making donations to your positions costs real money.
If we look at this process in the opposite direction, we can actually better appreciate the charm of community power. One of the memes that made the biggest impression on me on Ethereum was undoubtedly $PEOPLE. Although $PEOPLE can now be classified as a meme, it was originally a DAO coin for the "Constitutional Auction", which is a "change from real to virtual". Compared with pure memes, the advantage of the DAO currency in terms of consensus aggregation was reflected in the fact that "a direction of joint efforts was very clearly proposed from the beginning", such as "Constitutional Auction", such as "Buy an NBA ball" Team", another example is "Buy a real island". Similar to the early PFP NFTs, people would buy them if they liked them and then change their avatars.
Although the DAO track is now almost no one cares about, and all attempts to move towards grand visions at that time almost all failed, the shock left to us is still very strong - as an individual, you, me and him are not powerful enough. Neglected, as long as we can unite and work towards a goal.
Therefore, although pure memes can form fission and spread based on interesting content, FT is still more difficult than NFT to actually unite holders to do something.
Although Ethereum memes seem to have regained the "standard operating procedures" from many years ago recently, the editor hopes that this set of "standard operating procedures" can continue, and some new activities can be created based on it. For example, memes with McDonald's/KFC as the theme raise funds through the community, and then live broadcast to distribute safe McDonald's/KFC meals to homeless people or other disadvantaged groups who have difficulty eating. Another example is $EBULL, a cow-image meme that was born out of Vitalik. Could it be a "cow care movement" or something like that? It’s okay to give coins to Vitalik, but you can also try to do charity without fake Vitalik hands. Is this what Vitalik would like to see more by driving himself through the community to do charity, and then letting Vitalik respond to the charitable results?
The individual will of each player on the chain condenses the value crystal of a currency, and then uses such crystallization to benefit people or causes in the world in a charitable way. This is a very warm feeling for the currency and even the entire crypto market. publicity. This is also one of the differentiating advantages between Ethereum memes and Solana - if Solana embodies more the vitality of content creation and young people's recognition of niche culture, then Ethereum has more idealism .
The positive meme flywheel of "getting out of the virtual and moving towards reality" is turning again. This time, I hope it can last longer.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reprinted with permission from: (Blockbeats)
Original author: Cookie
