Author: Qin Xiaofeng
Source: Odaily
Actor Shen Teng probably didn't expect that one day his name would be associated with the crypto-copycat project, and a new sector would be born - the "Shen Teng" Spring Festival Gala concept coin.
Last year at the CCTV Spring Festival Gala, Shen Teng's words "Doge King" caused a copycat project of the same name to increase 800 times overnight, making headlines on social media. Now that the Spring Festival Gala is approaching, the "Shen Teng" concept coin is coming again.
According to the list announced by the CCTV Spring Festival Gala program team, the sketch performed by Shen Teng's team in 2023 is called "The Pit". So in the past few days, a series of copycat projects named "keng" have emerged, mainly concentrated on the BSC chain.
According to ave.ai data, there are currently more than 50 "keng" projects with the same name. More sophisticated projects will add a "Shen Teng" avatar to their tokens and create their own Twitter and DC; most of them use the BSC default avatar, without any social media, and adopt a "willing to take the bait" strategy.
Judging from the project trading situation, the project with the most coin holding addresses has 1.017 million people, with liquidity close to US$50,000, the highest increase is close to 30 times, and the trading volume in the past 24 hours has reached US$3.38 million; the remaining projects generally have coin holding addresses ranging from dozens to thousands, and the trading volume is less than US$10,000.
In order to allow some friends who do not speak standard Mandarin to "get into the game accurately", some organizers also "thoughtfully" created a copycat project called "ken", but the transaction volume was only a few hundred US dollars, and there were less than 100 coin holding addresses, which was basically for self-entertainment.
In addition, the "tangping" (lying flat) project was created based on the concept of Shen Teng's lying down picture, and people were attracted into the community in the name of airdrops on social media for marketing. According to ave.ai data, the current number of currency-holding addresses in the “tangping” project reaches 301,000, with a liquidity of US$18,000, a 24-hour transaction volume of US$184,000, and a maximum increase of nearly 15 times.
After “tangping” became popular, a group of copycat projects under the name of “fendou” (struggle) emerged. The most popular project currently has 1.154 million coin holding addresses, with the highest increase of nearly 20 times and a 24-hour trading volume of 1.52 million US dollars.
The rise of a series of "Shen Teng" concept coins has also impacted various zodiac concept coins focusing on rabbits this year. The popularity of the latter has dropped significantly, and no one even cares about it.
Odaily Planet Daily observed that currently crypto investors’ enthusiasm for trading the “Shen Teng” concept coin continues to rise, and the slogan “surpassing the ‘King of Dogs’ 800 times” has resounded in all major communities. Some people adopt the strategy of "casting a wide net + using small to win big", investing 10 USDT (known as 10 U God of War) in each project in order to obtain excess returns.
However, judging from the market trend, some concept coins have begun to harvest users, and today's decline is generally above 50%.
ChainCatcher kindly reminds you to invest with caution and not to be impulsive!