Support narratives, re-entrepreneurship, Litecoin concepts, what is the Meme market rushing towards?

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深潮TechFlow
1 weeks ago
This article is approximately 664 words,and reading the entire article takes about 1 minutes
The market is in the midst of a long-accumulated emotional outburst, and the phenomenon of the market value of new narratives surpassing that of old assets has occurred repeatedly.

Original author: TechFlow

Today is November 14, 2024. The current market sentiment index is 87, and the market has entered an extremely greedy mode. Specifically speaking of the performance of the sector, it can be said that a few are happy, and hundreds are sad - BTC and various memes take turns to perform, listing, breaking new highs, and dozens of times of increase make people numb again and again; and apart from this, most of the copycats are actually lying low.

With the success of $ACT and $PNUT, Solana Meme is also ahead of most currencies in the market today. Popular currencies such as $ai 16 z and $Shoggoth have broken new highs, with weekly gains exceeding 1000%. There are also some new coins that continue to occupy the markets heat and funds continue to pour in. TechFlow has counted some of the memecoins that surged in the market today, so that readers can understand the latest trends of bull market funds.

1. $🦅-Free Shayne Coplan ()- Support Polymarket founder narrative

Contract address:

AyxrBmqbzf169oe14XcSDMbgpUV1ntP6thcScYpYpump

24 H trading volume: $150 million

Current market value: $16 million

After Shayne Coplan, founder of prediction market platform Polymarket, was raided by the FBI, Pump.fun quickly launched the Free Shayne Coplan (FSC) Meme coin with an eagle as its logo as a show of support. Shayne Coplan accused the incident of political retaliation on Twitter and received a quick response from Musk, so that the token continued to ferment, and the current price rose and fell, with a current market value of 16 million US dollars.

Support narratives, re-entrepreneurship, Litecoin concepts, what is the Meme market rushing towards?

2. $OBOT(O.XYZ)-$IO founder starts a new business

Contract address:

7yZFFUhq9ac7DY4WobLL539pJEUbMnQ5AGQQuuEMpump

24H trading volume: USD 81 million

Current market value: $31 million

O.XYZ is an AI project launched by Ahmad Shadid ( @shadid_io ), the founder of IO.NET. The white paper states that it is building the worlds first decentralized super AI project governed by the community. $OBOT is a project token issued on pump + the founder personally called for it. It was launched in the early hours of this morning. After Ahmad Shadids continuous tweets, it is now rising continuously, and the current market value has exceeded 30 million US dollars.

Support narratives, re-entrepreneurship, Litecoin concepts, what is the Meme market rushing towards?

3. $LESTER

Contract address:

5z3iCe53hUANTiG8Js8RjHNE2Arjik7L2CXLyr2rpump

24H trading volume: USD 40 million

Current market value: $9 million

This morning, the official account of Litecoin ($LTC), one of the old coins that has been shut down, @litecoin, made a joke about the current phenomenon of Meme dominating the market liquidity, saying that in view of the current market conditions, LTC is now recognized as a Meme coin. This move not only caused $LTC to rise slightly, but also gave birth to the Solana chain Memecoin $LESTER, which is based on the concept.

Support narratives, re-entrepreneurship, Litecoin concepts, what is the Meme market rushing towards?

4. $FRED

Contract address:

CNvitvFnSM5ed6K28RUNSaAjqqz5tX1rA5HgaBN9pump

24 H trading volume: $180 million

Current market value: $231 million

$FRED, like the squirrel $PNUT, also belongs to the euthanasia track. It is a raccoon that was euthanized. Recently, after $PNUT continued to pull up the market, $FRED also continued to rise, reaching a maximum market value of about 340 million.

Support narratives, re-entrepreneurship, Litecoin concepts, what is the Meme market rushing towards?

5. $DOGE (Department of government efficiency) - Solana version of the Department of Government Efficiency

Contract address:

9TY6DUg1VSssYH5tFE95qoq5hnAGFak4w3cn72sJNCoV

24H trading volume: $135 million

Current market value: $60 million

It is still Musk’s “DOGE” concept that has become popular recently. However, while the coin of the same name on the Ethereum mainnet is declining, Solana’s $DOGE is still rising, with a current market value of 60 million US dollars.

Support narratives, re-entrepreneurship, Litecoin concepts, what is the Meme market rushing towards?

Summary: The market is hot, the narrative is constantly updated, pay attention to the risks

Combining the current market sentiment indicators and the current performance of Meme, the market is in a period of long-accumulated emotions, and the market value of new narratives surpasses that of old assets. However, there are also many risks hidden under various great opportunities. Be careful not to get carried away when taking advantage of the situation and carefully identify risks.

Original article, author:深潮TechFlow。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

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