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Meme Starting from Token2049 in Singapore, to the Consensus Conference in Hong Kong
History is a spiral, Meme's Super Cycle is a compressed product of time
From the former OK ordinary employee Murad to the most powerful leader in history, Trump resolutely issues coins
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pain is not painful, PAIN insisted on completing his first show, and citing coins but not citing coins, CZ began to learn to understand Meme, its momentum has been broken. The Hong Kong Consensus Conference not only has no short essays, but also does not have much summary of BTC and Meme.
Image description: Murad is on X for the first time Mentioned Memecoin SupercycleLast September, Lion City Murad Educated this industry with a prophetic attitude. Memecoin Supercycle filled the entire practitioner's large and small screens, some people dug up gold, some people selling water, Solana Meme/AI Agent Meme and $TRUMP Before and after the division, DEXX, GMGN, and UniversalX arrived one after another and joined the Nuggets Shovel Sales Competition.
Yesterday, Lion City, today's Xiangjiang, even if Murad first mentioned Supercycle in July, it has only been about 8 months. The most interesting thing is, PumpFun became the biggest winner, not only perfectly avoiding the conspiracy of Solana and Milei, but also monetizing at SOL. Without public chain-level paradigm innovation, PumpFun and Hyperliquid should be the most important innovations in recent years.
Preface, from the zoo market to MemePrevious life memories—the "zoo market" started by Doge, as Murad said, 2021 Doge andThe subsequent zoo market was the first combination of Meme and Coin. Before that, the crypto industry was in an absolute combination of "technology and public chain" narrative. People never thought that air coins could be traded and could exist stably for a long time.
The Strange Life of this Life—The end of FTX in 2022 is the real beginning of the Meme industry. From then on, the crypto industry has become a real currency circle, with long-term value. Not only can't be attached to the public chain, but it can't even be attached to CEXs that should be the most stable and profitable, American background. What people feel is nothingness. Not only that, FTX has a joint effect, DeFi has completely overcome it. During the barbaric surge, the price dream rate was wiped out.
This is the prelude to the collapse of VC coins. The price plunge in Binance on VC in mid-2024 is just the end.
Technology + VC < Meme + Coin.
In nothingness, the price-to-dream rate of VC coins is like a UST that is unanchored. After being educated by the market for two years, everyone began to send BTC to High hopes, hope to make efforts in the four-year cycle to save the "counterfeit" market, but unfortunately, Wall Street took the lead in taking it into account. The passage of BTC ETF has put the encrypted internal disk into a liquidity crisis, and the PVP under this point appears to be abominable .
In a sense, BTC ran out of the encrypted internal disk and successfully landed on the external disk with more liquidity and purchasing power, but was used to BTC support The crypto industry is trapped by established thinking, thinking that the immortal is here to promote himself, but unexpectedly, the demon-capturing team "has taken you here."
You must know that Dogecoin in 2021 did not destroy the market, because the market's attention is on the two major genres led by BTC and ETH, Dogecoin and Zoo They are just a mixed stream of branches, and even Musk's call to order has attracted new leeks outside the circle to a considerable extent. This is the last wave of new forces entering the circle so far.
With the 2022 FTX and 2023/2024 regulatory storm, the currency circle has not entered a large-scale newcomers for two years, and the rest are foxes of thousands of years, you When I read Literature in Chinese Studio, I watched the Spring and Autumn Period at night. They were taught by a master and could not break the tricks at all.
Image description: Murad in Token2049So, Murad seized the direction of changes in market sentiment. He was not the leader. In July, he tweeted, with only more than 1,000 exposures, but in September, Token2049, Twitter The exposure is 8 million, and the industry-wide consensus is truly working. Murad's Memecoin Supercycle is an igniter, creating the last consensus in the crypto industry - let's hype Meme together.
Interlude, Meme blows up VC value coinBinance is censored and CZ is imprisoned, VC coin begins to seize the last chance to sprint for Binance's liquidity , and on the chain, the weakness of ETH L2 made Vitalik and EF the target of public criticism. Here we call Vitalik a loyal warrior of European and American values, not an ambitious man who makes profits, so deep down he did not do evil. The motivation for cutting leeks.
But the people around you don't think so. How to operate a public chain with a market value of 100 billion yuan in human history There is no precedent, so Vitalik cannot accept Meme's weird traffic, the Ethereum main network is not suitable, only L2 can fight. In fact, Base does take on the heavy responsibility of EVM's ecosystem to resist Solana Meme.
But unfortunately, the Base operated by CEX and without mainnet tokens is hard to support. I don’t know if the other L2s are dizzy or the VC is too generous to give money , in normal wars, they are basically in the spectator state, with a strange state of no war on the Western Front.
But Solana is different. Solana after FTX is in a state of life overall. Any chance of having a glimmer of life should not be missed, whether it is the existing DEX, DePIN, NFT, or new PayFi, and payment are all here. Regarding this matter, I wrote about Solana's second hit: high performance, marketing and DePIN at the end of 23 years.
Then naturally there is no reason to reject Meme. Pump Fun's internal innovation and mechanism will be launched in the showdown between CEX and DEX. Here we just need to understand that it is not a combination of PumpFun and Meme, but a Pump Fun on Solana Combination with Meme.
What is important is never technology, but degree of fit. For example, BNB Chain is also promoting Four Meme now. It has nothing to do with the timing, it only depends on the boss. Interested in relation to.
Solana made Meme's first The wave, not PumpFun, created the Meme wave. Founder pets, DePIN+ mobile phone concepts, or renovated or nostalgic, can be re-made and hyped, of course, only one wave.
The strongest endogenous version: AI Agent Meme
But God blesses Toly, God prefers Solana, Buddha blesses Jump, the concept of AI Agent suddenly became popular in the currency circle. What’s more interesting is that Agent, which focuses on tool rationality and assistant characteristics, actually chose Meme as its habitat. Is this reasonable?
After all, Meme, which has no value, has price, is too suitable for Agents with no rationality and only hype. To this day, traditional Agents are still in the laboratory stage and have not been widely popularized, and are transformed on top of open source products. This is especially true for Web3 AI Agent. Otherwise, DeFAI should have been put into production long ago, rather than staying in the stage of fraud in VCs by PPT.
For AI Agent, please refer to: AI is Crypto's agent——The evolution of AI Agent
Ai16z A16Z is the best masterpiece of this stage. It grasps the essence of Meme. It requires both the high speculation of Web3 and the Big Name endorsement of Web2. Or look at the DeepSeek R1 at the doorstep. That's the project Innovation, AI Agent is not, Grok3 is not.
In the name of time, Trump returned, in the name of innovation, Governor Ma took office, and came to the final stage of Meme, the ultimate evolution of celebrity coins— —Presidential Coin.
Variation, AI Agent to the peak presidential coinHow to evaluate the presidential coin?
In a word: the turn-over multiplier for the poor and the young P player, the plaything for the rich and the coin-issuing group.
Solana Whether the Coin Fortune Group is in-depth trading of $TRUMP does not matter if Milai issuance Coin Fortune. The Solana DeFi ecosystem is a classic that magnifies the gambling nature to the extreme, compared with It is even more difficult for another stand-alone Hyperliquid. Hyperliquid's opponent is the old dYdX, and Solana's opponent is the entire Ethereum ecosystem.
It can be said that Solana DeFi does not have the ability to trade all presidential coins, but the Solana DeFi expression with Jupiter as the core absolutely exists, at least objectively, subjectively Don't know, don't comment.
$TRUMP has not changed Crypto, Solana has a long and short-term course of conspiracy.
This is the last chapter of Meme's months of carnival, from DeepSeek to peer tariffs, Web3 won't end. The meaning of DeepSeek is to interrupt " The AI narrative dominated by the United States, and the AI Agent in the currency circle has been shut down, and Meme's liquidity has also been shut down, because the AI Agent Meme narrative has also lost its technical foundation.
After DeepSeek, whether Google Gemini or Musk Grok3, they all emphasize the thinking chain (CoT) rather than the Agent that OpenAI strongly promotes. This is not to say that CoT Better than Agent, these two pressuresRoots are not a concept of a dimension. The former is an algorithm and the latter is a product form. However, the market's focus on AI has changed.
Picture description: Pump Fun< center style="text-align: center;">Image source: @TMB_AgentThe clock begins to reverse, life begins to reverse, if you are still optimistic about Meme , many evidences such as CZ attach importance to it, but one thing is certain that Meme, as an asset issuance method, is no longer friendly to ordinary people. Any asset issuance method, including Binance as PI Retro voting is all about innovating the seriousness of the birthplace, but they are all distorted without any exception.
What is really worth learning is Solana's way of survival and growth, seize every opportunity to create short-term liquidity, and continue to innovate, and do it on a long-term route PayFi, payment, stablecoins and other difficult but huge profits are not common, but Solana is also a toy owned by the larger coin group.
ConclusionYou come from Dandong and you can also see the sea. Although Singapore's straits are rich, the sea breeze in Hong Kong is still more historically heavy. Meme is here It is also a good choice to end your own rush. The young ladies of Shang K and the young brothers in the currency circle all have the need to go ashore.
Please note that Meme, as an asset type, will not die. Even NFTs have found their own place in the currency circle through equity NFTs, but OpenSea will disappear.
Let it be like this, commemorate the Meme SuperCycle that gives us happiness. If CZ All in Meme, then write another article Make Meme Great Again, but it's a pity that Europe doesn't Will be great again, and neither will Luce.
I only saw the new one laughing, but I only saw the old one crying.