With Strong Rebound and Hot Topics Flooding the Screen, What are the Trends and Passwords of This Generation of MEME?

2024-05-09, 09:37

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![](https://gimg2.gateimg.com/image/article/1715247193sdfx.jpeg)
##  [TL；DR]
The recent rebound of BTC has driven a series of strong Altcoins to rise simultaneously, especially the strong rebound of the MEME sector, which is worth our long-term attention.

Among the top 10 market capitalization, new tokens include WIF, BOME, MEW, MEME, and POPCAT.

In this bull market, various innovative themes, pre-sales, and marketing methods of new MEME tokens are emerging, which are highly competitive with high financing and high valuation projects supported by VC.

## Introduction
In recent market fluctuations, the new generation of highly anticipated MEME tokens has shown strong rebound ability. This article will focus on an in-depth interpretation of the new generation of MEME and explore its trend signals leading the market.
 
## The Strong Rebound in Coin Prices is Exclusive to MEME's Altcoin Season
With the weakening expectation of the Federal Reserve's interest rate cut and the temporary easing of the situation in the Middle East, the crypto market has recently achieved a certain degree of stability.

Meanwhile, the global market's interest in cryptocurrencies has not decreased but in fact has significantly increased, especially in the Asian region, where investors have increased their attention to spot ETFs such as BTC and ETH. These positive factors have jointly driven the rebound of the crypto market, especially the strong rise of the AI and MEME sectors, which has brought a new round of growth momentum to the market.

Specifically, in this round of the market, many infrastructure projects with luxurious financing backgrounds, such as Merlin Chain, Parcl, Meson Network, etc., have performed poorly after going online. On the contrary, the hype of MEME has not stopped, and many investors have started to lay out the top MEME that has been passively declining recently. When the market stabilized, these tokens achieved high gains, and many observers even believed that VC coins had been abandoned and needed to embrace MEME Season.
![](https://gimg2.gateimg.com/image/article/17152472951.jpeg)
Source: MarketVector
 
In the recent rebound process, new generation MEME such as SLERF, MEW, BONK, WIF, POPCAT have performed particularly well, with a strong momentum to catch up and surpass old brands such as DOGE, SHIBA, PEPE, etc. The strong rebound of these tokens not only proves their market potential and value, but also further stimulates investors' interest and confidence in the crypto market.

According to CoinMarketcap data, as of the date of writing, the market value of 2223 Memecoins included reached $50.8B, with a 24-hour trading volume of $4.1B. Among the top 10 market capitalization, new tokens include WIF, BOME, MEW, MEME, and POPCAT, indicating the fast metabolism speed of this sector.
![](https://gimg2.gateimg.com/image/article/17152473102.jpeg)
Source: CoinMarketCap
 
In fact, during the previous bull market, the two major MEME companies, DOGE and SHIB, successfully exceeded the market value threshold of $50 billion, demonstrating their strong market influence. According to past patterns, the growth potential of new MEME companies in this round cannot be underestimated. Below, we will share with you the new generation MEME companies that have gained popularity.
![](https://gimg2.gateimg.com/image/article/17152473323.jpeg)
Source: @freezer_boi
 
## dogwifhat（WIF）
The development process of WIF is a process from obscurity to high attention. The launch of WIF token was relatively a low-key event and opened at an extremely low price on November 20, 2019, while the official Twitter account did not release the first forwarded content until December 29. At that time, many users became popular on Twitter through esports organizations and celebrities, leading to the trend of adding logos and images to the <a href="/fr/price/shiba-inu-shib" target="_blank" class="blog_inner_link">Shiba Inu</a> Wool Hat avatar, which in turn gave rise to the popularity of WIF tokens.

As the trend of price increase became apparent, official Twitter  also became active. Although WIF did not receive much attention in the initial <a href="/fr/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> meme session, its sustained upward trend in the market accumulated more and more attention.

During its development, WIF experienced several important events. Firstly, a massive transaction led to a brief sharp drop in WIF prices, but then quickly recovered and continued to rise. Subsequently, WIF's liquidity significantly increased, attracting more investor attention. In addition, the launch of the Robinhood token and bullish comments from industry insiders such as Arthur Hayes further drove up the price of WIF.

Overall, the image of WIF as a Shiba dog and its development path also evoke associations with early DOGE tokens, but in contrast, there are some traces of a "rat cage" in the development process of WIF, which can be considered a flaw.
 
## A Cat in a Dogs World（MEW）
"A Cat in a Dogs World" (MEW), a cat themed token, has successfully stood out in the dog dominated MEME market, demonstrating the unique strategic vision of feline animals.

And its token economics strategy involves destroying 90% of the liquidity pool tokens to stabilize prices, and has attracted a lot of attention from the Solana community through precise airdrop strategies. This strategy perfectly integrates value, community engagement, and scarcity into the core philosophy of MEW.

Through active interaction with the Solana community, MEW quickly gained widespread support and recognition, enhancing its visibility and reputation in the crypto field. MEW's strategic approach fully demonstrates the importance of community participation and carefully planned token economics in successfully creating a meme in a crypto environment full of variables.
 
## BOOK OF MEME（BOME）
BOOK OF MEME was released by Pepe Meme artist Darkfarm on March 14th this year and is a permanent storage album for Meme. BOME is the Solana chain native token used on BOOK OF MEME.

The rise of the BOME project stems from its innovative pre-sale model. Unlike traditional token pre-sale methods, Darkfarm did not pre-set the starting price of tokens, but allocated tokens based on the proportion of SOL invested by participants. This fair and transparent pre-sale method, combined with the metric of all SOL collected during the pre-sale period for the token pool, laid a solid foundation for the subsequent rise of BOME.

BOME skyrocketed from a negligible $0.0000496 to $0.0012 within just three hours of opening, with its market value skyrocketing 20 times to a staggering $80 million. It then quickly went online on various exchanges, sparking a series of MEME frenzies that referred to the pre-sale method of the coin.

## Memeland（MEME）
The MEME token with the same name as meme originated from Memeland, a carefully crafted Web3 project by 9GAG company that focuses on web memes and jokes.

The influence of the 9GAG community spreads all over the Internet, with a large fan group on social platforms such as Facebook and Instagram. For many years, the team has focused on building community-based products, working closely with numerous well-known brands, creators, and millions of fans.

Memeland was launched in mid-2022 and released three popular limited edition NFTs to raise funds, including the unique MVP series, the creative The Potatoz series, and the captivating The Captainz series. These NFTs are not only limited in quantity, but each has different rights.

Ironically, Memeland explicitly stated on its official website that its ecosystem token Memecoin has no specific purpose or commitment, and is purely a MEME token with no empowerment, roadmap, or commitment, fully reflecting its MEME attributes.

Although MEME was launched at a time when the overall market activity was low, Memeland successfully raised billions of funds through community pre-sales alone, fully demonstrating the strength and solidity of its community. With the launch of projects on major exchanges, MEME quickly became one of the highly anticipated and popular projects, sparking widespread market expectations.
 
## Popcat（POPCAT）
POPCAT is also a cat themed MEME that draws inspiration from popular mischievous cat expressions on the internet, symbolizing the perfect fusion of network virus culture and the crypto world.

Currently, the holding address of the coin has reached 45.1K, with a market value of nearly $500 million, ranking tenth in the MEME sector.
 
## MEME May Shift Towards a Sustained Community Trend
MEME, as a unique branch of the crypto market, has attracted attention for its fun and sociability.

But Memecoins are not without risks. Many projects have been plagued by fraudulent activities such as "Rug Pull" and "volatile selling", and also disappeared due to a lack of interest, attention, and shared thinking.

In addition, the volatility of MEME is much higher than that of other crypto sectors. As we write this article, we observe that the market is beginning to experience a slight pullback, and the leading role of MEME series tokens is fading.
![](https://gimg2.gateimg.com/image/article/17152473984.jpeg)
Source: SoSo Value

From a long-term perspective, with the continuous heating up of MEME projects on the two blockchain platforms Solana and Base, the MEME market has transformed from a brief boom to a sustained trend of community interaction. Various innovative themes, fundraising pre-sales, marketing methods, and utility empowerment have emerged, which are likely to compete with high financing and high valuation projects supported by VC.

The latest report from Matrixport also holds similar observations as ours. However, based on the market share index of <a href="/fr/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, the broader upward space may still be in its early stages. This also indicates that the scope of this bull market is very narrow, with Bitcoin occupying more market share. In this narrow bull market atmosphere, a few MEME have experienced large-scale rebounds, becoming highlights.

Although there is still some volatility and uncertainty in the current market, the rise of MEME undoubtedly brings new vitality and opportunities to the market. We will also closely monitor the performance of the MEME market, observe whether it will continue to show strong vitality, and lead the entire crypto market into a new bull market.

<div class="blog-details-info">
<div>Author:**Carl Y.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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