Cryptocurrency Talk: In the Context of Interest Rate Cuts, Reviewing the Recent Meme Trends of the Three Major Public Chains

Author: Alvis, Mars Finance

In the context of interest rate cuts, the crypto market is gradually warming up, and the long-awaited meme season seems to be brewing.

Two weeks after the launch of the uppercase $NEIRO, the lowercase $Neiro made a lightning-fast debut on Binance, surging nearly 30 times in just two days, and reaching an astonishing increase of up to 600 times within a month. The crypto community is cheering for this, with many investors achieving financial freedom once again. The frenzy sparked by the lowercase $Neiro not only quickly went viral but also ignited a discussion and participation wave around on-chain memes.

Ethereum chain is at the forefront, with ETH gas fees significantly rising recently, reflecting the market's high demand for on-chain activities.

This article will review several hot meme projects on the current three major public chains from the perspectives of trading volume, liquidity pool size, and recent popularity, against the backdrop of interest rate cuts. (Not financial advice, DYOR)

Ethereum

BURGER

A series of recent actions by U.S. presidential candidate Trump has sparked a wave of meme coins. Especially after he held a press conference for the cryptocurrency project World Liberty Financial and tweeted "FIGHT," the $FIGHT coin skyrocketed by 500% in just 24 hours.

Additionally, yesterday Fox News reported that U.S. presidential candidate Trump used Bitcoin to buy a cheeseburger at a Bitcoin-themed bar, PubKey, near New York University, which quickly popularized the "burger" concept and reignited market discussions.

$BURGER contract address: 0x0c2e08e459fc43ddd1e2718c122f566473f59665

$BURGER went live at 6 AM on September 19. Notably, during the Fox News live broadcast, Trump purchased a cheeseburger with Bitcoin at 5:44 AM. Within this short 15 minutes, the dev quickly laid out the $BURGER project. It is worth mentioning that when $BURGER launched at 6 AM, its market cap remained below $10,000, and it was still a very small market cap before 8 AM.

The official Twitter of $BURGER posted its first tweet at 6:35 AM. In the following two hours, the market cap rapidly soared to $6 million by 10 AM, achieving a staggering increase of 600 times within just 4 hours, with a 24-hour trading volume exceeding $15 million. Currently, exchanges like MEXC and AscendEX have announced the listing of $BURGER, with prices nearing historical highs, and the market expects it to reach new highs.

$Burger

$Burger contract address: 0x0c2e08e459fc43ddd1e2718c122f566473f59665

Influenced by the NEIRO project, uppercase coins are often accompanied by the emergence of lowercase coins. As expected, at 10 PM on September 19, the lowercase $burger made a lightning-fast debut, briefly reaching a market cap of nearly $2 million. However, after a rapid rise, it experienced a pullback, and its current market cap is only $700,000. It seems that not every lowercase coin can rise like $Neiro.

$MISHA

$MISHA contract address: 0x0ccae1bc46fb018dd396ed4c45565d4cb9d41098

$MISHA officially launched at 1 PM on September 19, inspired by the documentary "Vitalik: An Ethereum Story" released that day. In the film, Ethereum co-founder Vitalik Buterin mentioned for the first time that his pet dog is named Misha, which resonated with the crypto community.

Upon launch, $MISHA sparked a frenzy, with its market cap quickly soaring from an initial $10,000 to over $10 million in just 4 hours, attracting a massive influx of funds. Within 24 hours, $MISHA's trading volume reached as high as $25 million, showcasing remarkable performance.

As the excitement continued to rise, $MISHA quickly landed on the MEXC exchange, further solidifying its market position. Although $MISHA has shown impressive growth potential, its future trajectory remains uncertain. With the community's ongoing expansion and changes in market sentiment, whether $MISHA can continue to break through in the fiercely competitive meme coin market remains to be seen. However, if it can gain further attention or support from Vitalik, $MISHA may have the potential for another price surge.

SOLANA

When discussing the Solana chain, token prices are undoubtedly a key focus. According to Binance data, the current price of SOL is $148, with a 16% increase over the past two days. In March of this year, SOL experienced a significant meme craze. Compared to EVM chains, Solana has a more relaxed contract setup for meme tokens, lacking complex restrictions such as taxes and whitelist/blacklist settings, providing a fairer competitive environment for the market.

Particularly, the presale frenzy sparked by BOME saw its token achieve a staggering 1000 times increase within just 3 days of being listed on Binance, directly driving the trend of meme tokens within the Solana ecosystem. This series of presale activities not only enriched the market categories but also made the meme ecosystem on the Solana chain relatively large, with various token presales contributing to a larger overall meme pool on the Solana chain.

BOME

Among meme tokens with a market cap below $1 billion, BOME is undoubtedly the most well-known on the Solana chain. Typically, it takes a long time for a meme coin to be listed on top-tier CEX trading platforms; for example, Shiba Inu took several years, Bonk took half a year, Pepe took 2 months, while WIF only took 1 month. However, BOME broke this record, successfully listing on Binance in just 3 days.

BOME's rapid listing on Binance shocked many crypto projects, as many have not achieved this goal despite years of effort. In just three days after its launch, BOME's market cap quickly surpassed $1.1 billion, peaking at nearly $2 billion.

However, at this stage, BOME's market cap has fallen below $500 million, down nearly 75% from its historical high. As a former leader in the meme space, BOME has not experienced a significant rebound since its listing. Additionally, its liquidity pool still holds over 150,000 SOL, providing excellent liquidity for whales. Therefore, changes in BOME's market cap will be worth close attention from investors.

SLERF

"Oh fuck!" This eye-catching phrase comes from the Slerf sloth project and has become a popular saying in the crypto world.

On the morning of March 17, Slerf announced fundraising information on Twitter. Notably, the project's Twitter account was just created in March of this year. Shortly after the fundraising tweet was posted, the fundraising quickly reached its limit, successfully raising over 50,000 SOL.

Slerf stated that 50% of the raised funds would be used for presale, while the other half would be injected into the liquidity pool, a strategy similar to previous MEME projects. Everyone was looking forward to the arrival of trading and airdrops, but what followed was bad news. On March 18, SLERF's founder @Slerfsol posted on X platform, stating that due to an operational error, the liquidity pool and airdrop reserved tokens had been destroyed, and the minting rights had been revoked, leaving him powerless. This news hit investors like a bolt from the blue, prompting many to express shock and disappointment in the comments.

@Slerfsol later issued a sincere apology: "This is not a joke, I really messed up, I'm very sorry… The biggest problem is that I don't have $10 million to refund presale users. I made a mistake at the finish line, and I'm really sorry for those who participated in the presale, and I'm sorry to my team who supported me over the past 3 days. Now I see no way out, and I even feel it's almost impossible." He opened a Space on Twitter to express his feelings.

Initially, everyone thought the Slerf project had failed, becoming another classic "rug pull" in this round of the MEME market. However, a miracle happened. Although users did not receive the 50% tokens they were entitled to, the founder's "de-whale behavior" touched many investors, sparking a strong buying frenzy. As the founder's cries echoed, the token price rapidly soared.

SLERF broke BOME's record of reaching a market cap of over $100 million in just 30 minutes, becoming the new meme king.

After being listed on HTX, Bitget, and Gate, SLERF's price peaked at $1.44, with a market cap nearing $700 million. However, after more than six months of fluctuations, Slerf's market cap has dropped nearly 90% from its peak, with the current market cap at $84 million and a price of $0.168.

So, why is Slerf considered a meme project worth paying attention to on Solana?

• High recognition: Slerf's reputation is undeniable; the project burned $10 million at launch, marking a significant moment in crypto history, achieving a true "no DEV" and "no insider trading" model.
• Superior liquidity: Currently, Slerf has nearly 200,000 SOL in the Raydium liquidity pool, a liquidity level that even exceeds that of Bome, which has a market cap of $500 million. In simple terms, it is particularly suitable for large holders and whales to increase their holdings.
• Compliance prospects: The Slerf project needs to repay early investors $10 million, and as of today, the project has repaid 90% through the sale of SLERF NFTs, donations, and other crypto activities. This progress is expected to resolve the project's compliance issues and facilitate Slerf's listing on OKX exchange on July 23.

BNB CHAIN

BABYDOGE

BabyDoge is a long-established project that originated in May 2021 and quickly ignited the market after the 519 incident. Currently, BabyDoge is the token with the most holding addresses on the BNB Chain, reflecting its strong community support and broad user base.

On September 16, driven by the news that "Binance will list BABYDOGE spot trading," BABYDOGE's price surged over 40% instantly. This positive news not only enhanced market attention but also attracted a large number of investors.

Subsequently, BabyDoge officially announced a new protocol aimed at conducting more BabyDoge token burns. This new protocol will allow the issuance and browsing process of tokens to be completed in seconds and will be initiated by the community. The revenue generated by the protocol will be used to buy back and burn BabyDoge tokens, further enhancing the token's scarcity and value.

As of the time of writing, BabyDoge's market cap has risen to $350 million, demonstrating its continued appeal and potential in the crypto market.

Ton

Catizen

The final project to introduce is Catizen on the Ton ecosystem. With its upcoming launch on Binance at 6 PM on September 20, just an hour away, I hope to take this opportunity to delve into Catizen's tokenomics and potential market trends after its launch.

For an introduction to Catizen, you can refer to:

Mars Finance Exclusive Interview | TON Ecosystem Game Explosive Product: The Team Behind Catizen and the Dream of 900 Million Game Users

Catizen token CATI market cap comparison chart; image source X: Crypto KOL @0xKillTheWolf

Token public chain: TON

• Total token supply: 1,000,000,000
• Initial circulation: 305,000,000 (30.5% of total)

According to OKX data, CATI's pre-market price has risen to $0.83, with a fully diluted market cap (FDV) reaching $830 million, surpassing the market cap of most MEME projects on Binance. Compared to the previous similar game NOTCOIN, Catizen shows stronger advantages in fundamentals, market expectations, and funding attention, indicating strong growth potential.

Considering Catizen's overall performance, it is expected that after its launch, it may quickly catch up to or even surpass NOTCOIN's market cap despite facing airdrop selling pressure. A short-term pullback is anticipated after the launch, but the rebound potential is significant. Therefore, it is recommended that investors position themselves appropriately after the launch to seize this potential investment opportunity.

Overall, Catizen's tokenomics and market prospects exhibit strong appeal and are worth paying attention to.