In the rising market, is the "abstract meme craze" making a comeback?

Author: Joyce, Luccy, BlockBeats

Editor: Jack, BlockBeats

With the positive news surrounding Bitcoin ETFs and the rise of BTC, the long-suppressed market has become active again. In a short period, concepts related to Bitcoin and its ecosystem, such as BRC100, STX, and $ibtc, have all taken off. However, what many did not expect is that the "abstract meme coin," which had a brief surge a few months ago, is now experiencing a second spring.

In this wave of memes led by HarryPotterObamaSonic10Inu (BITCOIn), "abstract" has become the keyword. From the beach volleyball girl claiming to surpass the S&P 500 to Joe, who resembles MM beans, the styles are all extremely abstract. The crypto market is once again welcoming a new round of "abstract craze."

SPX6900: The Dream of the "Four No's" Cute Girl Surpassing the S&P 500

When you see SPX6900, you think of the S&P 500. Yes, SPX6900's slogan is to disrupt the S&P 500, and in the past month, SPX has approached a 400% increase.

Those holding SPX spontaneously create images or videos of SPX6900. With a somewhat out-of-place anime girl design and the continuously rolling +6900 symbol, a narrative can be pieced together: a cute girl saving the crypto world.

Like all meme coins, opening the SPX official website presents a bizarre visual experience, with high-frequency flashing videos and poorly made images surrounding a scantily clad anime girl, Marie, reminiscent of the classic game beach volleyball.

Clicking on Marie allows you to link your wallet, navigate to the Uniswap trading interface, enter the classic meme coin Bitcoin interface, or chat with her.

When you type "How to make money," Marie enthusiastically promotes SPX, and from this pitch, you can capture the essence of SPX: dreaming while doing charity. It seems absurd, but there is some logic to it: if you dream (buy in) early, you can be nurtured by the goodwill of later investors. As for more meaning, you'll know when you wake up from the dream; perhaps it really can surpass the S&P 500.

You can find the most serious introduction in the disclaimer. The statement reads, "It is crucial to carefully read and understand the following points before interacting with SPX in any form":

No Development: The SPX6900 community has not developed or deployed any smart contract code and has not participated in the creation of the SPX project.

No Finance: We do not sell or provide any financial instruments, products, or assets, including but not limited to SPX tokens. SPX is not a security, commodity, or any type of financial instrument and has not been registered under the securities laws of any jurisdiction.

No Value: SPX tokens are fundamentally worthless digital assets residing on the Ethereum blockchain. They are not backed by any goods, securities, or currency and have no intrinsic value. Their value (or lack thereof) is purely speculative and subject to market risks, including complete loss of value.

No Rights: Holding SPX tokens or interacting with SPX tokens does not grant you any express or implied rights to any form of compensation, reimbursement, governance, or control within the SPX community or project. Tokens do not grant holders any ownership, profit-sharing rights, voting rights, or any other rights typically associated with financial assets.

Can't find the narrative? That's okay; dreaming openly is also a narrative.

Joe: The Lively "MM Bean"

My initial impression of Joe was that it looked like MM beans, but it has become popular as a meme coin.

Joe's official page showcases itself with a long image featuring a staircase pattern. When you slide down to the bottom of the staircase, the vibrant colors and text extending beyond the page margins make you feel like you might receive a "404" reminder at any moment; perhaps dream core enthusiasts shouldn't miss this place. Of course, sliding straight to the bottom wasn't due to the webpage's initial threat of "not sliding down for 100 years," but rather a natural curiosity about the staircase representing a developmental journey, and I was intrigued about how Joe has developed to this point.

Just like some well-known tourist attractions have introduction signs at the entrance, presenting themselves in multiple languages, climbing up the staircase on Joe's official page, the text introduction gradually becomes more diverse, from English to Chinese, Japanese, and even Arabic. Although there is no content explaining how Joe has grown, it does give a sense of its "internationalization."

Starting from the "dayday poetry collection" written in 2016, the white background with blue text and completely incoherent sentences instinctively made me think this was an unreliable web translation result. But perhaps just as I cannot understand the essence of this poem, I also cannot comprehend why Joe has become so popular.

Although Joe has its own Telegram, it is not actively managed, with only a single security verification message. On Twitter, there are only various types of memes to maintain its bizarre image. According to Coingecko data, the price of $JOE has been rising over the past month.

OKX partner @famous_analyst stated, "Never underestimate the yellow $JOE," hinting that $JOE is the next $PEPE. After all, if you look closely, you'll find that both Joe and Pepe have the same "protruding" goldfish eyes, and their smiles have a strangely delightful curvature. Even netizens are keen to Photoshop this avatar into a humanoid body, as they are rightfully called "two of the Four Horsemen of Memecoins" by Unibot X builder @cryptowhail.

@famous_analyst predicts that in a few months, there will be "these wallets made millions of dollars with $JOE early on" educational tweets. The Joe community enthusiasts also express their optimism about $JOE with various Joe memes.

There are also relatively calm netizens who state, "Joe is unmoved," accompanied by a meme featuring Joe's disdainful expression. However, whether Joe is "unmoved" I do not know, but I am indeed unmoved by it; after all, why would I choose such an abstract Joe when I could opt for something more tangible like MM beans?

Of course, being extremely tacky can also be trendy; blindly rushing in might not necessarily be wrong.

A Dance of Demons: Different Memes, Same Abstraction

In addition to SPX6900 and JOE, other meme coins that have recently attracted attention include the stitched abstract coin BITCOIn and Haycoin, which was once a Uniswap test coin.

The full name HarryPotterObamaSonic10Inu, BITCOIn combines Harry Potter, Obama, and Sony. The founder of Pudgy Penguins, @ColeThereum, has purchased one. BITCOIn gained attention in June this year due to a 35-fold surge, and in the recent market, BITCOIn has also shown an upward trend.

Haycoin is a test token deployed by Uniswap founder Hayden Adams. Starting from October 12, people gradually began trading HayCoin as a meme coin. After noticing this trend, Hayden issued a statement on social media, destroying approximately 99.99% of the HayCoin supply. Subsequently, HayCoin saw a maximum increase of 538%, with its price once exceeding $4 million per coin.

In addition to the "abstract leader" BITCOIn and the Uniswap founder's meme coin, meme coins like $MOG and $BOBO, which originate from the "abstract culture" of Europe and America, are also heating up overseas again. With the boost from Bitcoin's market, is the abstract meme craze about to return?