The previous bull market was driven by DEFI, which fueled Ethereum's bull market. This bull market is driven by MEME, which has spurred Solana's bull market.

The first round was the transition of blockchain from concept to application, producing a large number of hundredfold coins, such as Polygon, Chainlink, YFI, Doge, and many others.

In this round, whether it's Bitcoin, Ethereum, or Solana, there have been many thousandfold and hundredfold MEMEs, which has catalyzed the Solana bull market and also boosted the MEME bull market. The underlying reason is the lack of transparency and fairness from VC projects, while MEME aligns more with people's aspirations for fairness, leading to a confrontation between users and VCs, and a PVP between projects and users, pushing the originally harmonious crypto community towards stratification. Moreover, Ethereum has lost a significant amount of liquidity due to high GAS fees, and users prefer to experience Solana, which offers better performance than Ethereum. The rise of MEME has brought a large amount of liquidity to Solana. This is also one of the reasons why Ethereum has performed poorly despite passing the ETF.

With the trends in MEME development, new narratives are emerging constantly. For example, the recently popular MEME chain, PepeCoinNetwork, has adopted Bitcoin's mining mechanism and has already completed three halving events, with its fourth halving approaching. Its native coin, $PEP, has garnered significant holdings from the community, and the enthusiasm from foreign users may be reminiscent of the past excitement surrounding PEPECOINETH and Shiba. It has gradually attracted the attention of some Bitcoin and LTC miners, and has been listed on multiple exchanges. However, the total number of community members is only a few tens of thousands, indicating a community with growth potential. If nothing unexpected occurs, the community will reach the level of interest seen with PEPE or Doge.

$PEP technology employs Dogecoin's technology, with a consensus mechanism based on Bitcoin's PoW. If you are mining #LTC, you can also earn rewards in $PEP. This represents a technological advancement and brings a lot of attention to the $PEP community.