ChainCatcher news, according to Lookonchain monitoring, a certain MEMEcoins hunter made a profit of approximately 1.77 million dollars from Pnut in just 2 days.This trader started trading MEMEcoins 15 days ago, trading 62 tokens with a win rate of 43.55%. He discovered Pnut, HIMA, ProjectSid, and RIPETH, making a profit of 955,000 dollars in just 15 days.

ChainCatcher news, according to CoinDesk, during Hong Kong Fintech Week, Tron founder Justin Sun gave an exclusive interview in which he stated, "Fair distribution is one of the biggest advantages of meme coins. Everyone can track the tokens. I tell Memecoin developers on Tron that if they want to stay ahead, they need to ensure fair release and distribution. Meme coins can quickly attract attention, and I study meme coin trends every day. The stories are constantly changing, making things exciting and never boring. One day, it might be a new Elon Musk meme coin, the next could be an a16z coin, or even meme coins themed around religion, artificial intelligence, or art. New concepts are constantly emerging."Finally, regarding the question "With memecoins, are you a dog or a cat person?", Justin Sun replied, "I would say, 60% lean towards dog-themed meme coins."

ChainCatcher news, according to Defillama data, Solana has surpassed all other blockchains in weekly DEX trading volume for three consecutive weeks, with a trading volume of $15.736 billion in the past 7 days, accounting for 27.7% of the total trading volume. Ethereum ranks second with a trading volume of $8.833 billion in the past 7 days, accounting for 18.39%. Base chain currently ranks third with $7.314 billion, accounting for 17.66%.In addition, the total market capitalization of Solana memecoins has exceeded $12 billion, setting a new historical high.

ChainCatcher news, Galaxy Digital's research director Alex Thorn posted on the X platform that Memecoins exist at the intersection of two factors: concerns over the lack of successful crypto use cases and the despair of young people regarding the bleak economic outlook.

ChainCatcher news, Meme coin KOL Murad posted on the X social platform, stating that the scale of the new Memecoin is only 1% of the market cap of existing altcoins and their unlocked value. By 2025, the performance of Memecoin will significantly surpass that of altcoins.

ChainCatcher message, according to the Wintermute market report, the trading volume on the Solana chain has increased by 50%, reaching $39 billion, surpassing Ethereum's trading volume. The specific data is as follows:Solana: $51 billionEthereum: $46 billionMeanwhile, the influence of memecoins on Solana is also increasing, with 40% of Solana's trading volume coming from memecoins, of which pumpdotfun accounts for 35% of the total trading volume on Solana DEX.In addition, Solana now dominates token generation: its market share has risen from 60% at the beginning of September to 86%, with the weekly token generation increasing from 45,000 to 110,000.

ChainCatcher message, VanEck portfolio manager Pranav Kanade emphasized on X that Memecoins have four key aspects that all teams in the cryptocurrency space should learn from.Simplicity: Many teams over-design their tokens without realizing that: time + capital + attention = scarcity.Last year, about 600,000 tokens were issued, intensifying the competition for the aforementioned scarce resources due to the ease of token issuance.Instead, the focus should be on: simple token design, a clear vision, and demonstrating how the execution of that vision creates wealth for token holders.High liquidity, low fully diluted valuation (low entry valuation);Founder/team alignment: We can only become wealthy by achieving goals/delivering products as promised;High transparency (for example, disclosing the cost basis of venture capitalists, which is often hard to find).

ChainCatcher news, according to The Block, Pudgy Penguins CEO Luca Netz stated that NFTs are still the best way to build communities. He mentioned that successful NFTs have too little liquidity for whales, and their prices are beyond the reach of retailers.Despite the Memecoin culture, there is still no better way to create communities than using NFTs.