The meme market on the chain is on the rise again. Do "P Juniors" still have a chance to become "P Marshals"?

Author: CMed

Source: BlockBeats

On the evening of January 18, US time, Trump released his own token of the same name, $TRUMP. Solana soared nearly 50% in response, breaking through the previous high and approaching the $300 mark. It has fallen back so far, and has once again ignited the fire. The on-chain sentiment of the Solana network.

Another dose of "emotional stimulants" on the chain

Analyzing from the perspective of on-chain data, Solana network’s active address data, transaction data and other data have rebounded since the release of $TRUMP, even approaching the highest level in history. The Solana network has received a large influx of Web3 stock funds in a short period of time, as well as part of the incremental Web2 funds introduced by Moonshot. Moonshot officials stated that after being recommended as the preferred purchase method on the TRUMP website, the platform’s 12-hour transaction volume reached US$400 million, and more than 400,000 new users have joined the Solana ecosystem through its application. The addition of a large number of new users reflects the Emotions are running high on the Solana network.

After the issuance of the TRUMP coin, the Gas fee of the Solana network also fluctuated violently. Due to the large amount of transaction demand, serious transaction congestion occurred, causing transaction fees to rise sharply in a short period of time, which even caused Binance to suspend currency withdrawals on the exchange and Solana network transactions.

Infinite loop of PVP

Compared with November and December, from the perspective of coin issuance by well-known people on the Web, the only large-market capitalization projects that came out were TRUMP and Mrs. TRUMP, and the equally high-profile U.S. premier event held from January 21st to January 24th The official Meme coin released by the cryptocurrency conference Wagmi MIAMI "returned to zero" at the speed of light in the intense PVP; by chain detective ZACHXBT The officially "recognized" token of the same name, ZACHXBT, was also reset to zero due to its "unstructured withdrawal from the pool"; the slogan Trump mentioned many times in his inauguration speech was also the slogan "America Is Back" forwarded on social media The life cycle of the meme coin "AIB" with the same name is only 6 hours. The atmosphere of PVP on the chain has become stronger, and transactions "on the chain" have become the logic of "running fast".

But when we look back on September to November, when sentiment on the chain was equally active, “big golden dogs” emerged one after another, including Griffin, ARC, and Swarms, which are constantly iteratively updated in terms of AI Agent; and there are also new concepts and new angles, DeSci’s related token Drugs. , RIF, URO, MIRA; the only “wealth creation myth” in the short term may be $Trump.

After Trump took office as President of the United States, the only real benefit to Web3 may be the issuance of the meme token of the same name. In his inauguration speech, he remained silent about the cryptocurrency market. After Trump came to power, the only incremental funding for Web3 may have come from Moonshot’s purchase of its eponymous token, and its eponymous token has undoubtedly absorbed a large amount of Web3’s funds. When the market value of Trump’s token is close to 8 billion U.S. dollars, the total market value of the cryptocurrency market But it shrank by 20 billion. The well-organized big money smart money on the chain has been sucked out, which will undoubtedly be a heavy blow to the meme. After all, "pulling the market is the real angle." Without money, if you don't pull the market, there will be no angle.

Talking back to the AI ​​Agent concept, it seems that the AI ​​Agent concept is now close to exiting the "audition" stage and entering the "knockout" stage. Many AI Agent-related tokens that can be distributed have been distributed, like the previous "Hackerathon" "Scraper Market": The phase of intensive coin issuance of award-winning projects at hackathons has ended. Now it is changing from "0 to 1" to "from 1 to 100". Which AI Agent market is not listed on the exchange? AI Agent It will be listed on the exchange next, and the AI ​​Agents listed on the exchange will continue to compete in ecological technology.

CEX "forced uterus" DEX, does meme narrative have a future?

At present, AI Agent is basically locked as the most important narrative of this cycle. AI Meme is constantly developing. At present, the meme in the first stage: GOAT ACT has been basically eliminated, and it mainly follows the decline rather than the rise. varieties; and the AI ​​Agent in the second stage has become the most ferocious variety every time the market rebounds. The "anti-VC" wave in this cycle is still going on. Most of the recently launched new so-called "value coins" and "VC coins": SOLV, ME, etc. fell immediately after they went online. No one in the market "takes over" these "value coins" even No one is talking about "value coins" anymore.

For retail investors, the miracle of Web3 may only appear on the chain. To a certain extent, the coins that have been listed on the exchange have already reaped all the benefits, but in the increasingly difficult "inserting pins up and down" hell market, it is not easy to survive through contracts, let alone create trading miracles. The extremely low handling fees of the currently most active Solana network and Base network have also reduced a lot of costs for the vast majority of retail investors to enter.

The CEX exchange is gradually moving away from retail investors. The chain bypasses VC and exchanges, and retail investors can buy good underlying chips at low prices. Starting from scratch on the chain, countless giants with market values ​​of billions of dollars and tens of thousands of times growth were born. On-chain is the future, and the trading volume of DEX is gradually increasing. Perhaps one day in the near future, the trading volume of DEX will exceed that of CEX.

From a more macro perspective, the narrative on the chain is far from finished. Trump has not yet announced other favorable policies for encryption. If regulations on encryption are relaxed, more Web2 funds will pour in and become incremental funds for Web3, and they will not only appear on exchanges, but also in the form of Moonshot or more directly. On the chain, "big golden dogs" and "big events" will continue to appear, driving the growth of imagination, PVP changing into PVE, and attracting Web2 with the continuous wealth creation effect, which is the sexy narrative of sustainability.