Thoughts on MEME

The current market performance of meme coins has transitioned from pure entertainment culture to a tool for institutions and project parties to distribute chips at low prices. The core of meme coins has changed.

Meme coins used to be currencies like $DOGE that originated from memes or were created to mock certain mainstream cultures, but with the development of the market, memes are no longer just about 'humor' and 'fun', but have become an important carrier of value. Institutions and major project parties have realized that the meme format possesses enormous market appeal, so they are increasingly using memes to distribute project chips to the market at low prices. This process is essentially the transfer and distribution of chips.

Currently, institutions have actually understood the play of meme coins: they covertly take away most of the chips in the internal market while sharing a small amount of initial chips with some retail investors, allowing these individuals to become wealthy and thus spread influence and serve as evangelists. This perpetuates the notion that only MEME can lead to wealth in this round.

However, this does not mean that all meme coins have the opportunity to become high-market-cap currencies like $ai16z or $punt. As market aesthetics improve, purely meme coins are increasingly struggling to stand out. Those meme projects with strong value support behind them are truly capable of lasting long-term. These projects rely not only on cultural and emotional appeal but also on actual institutional endorsements (strong backers), substantial ecosystem support, and empowerment of application scenarios.

Behind this transformation is the market's redefinition of value. The valorization and institutionalization of meme coins are becoming the mainstream trend in the current market.

The emergence of this trend is not coincidental; it is a result of market self-evolution and a sign of the maturity of the crypto industry. With more projects entering the market, pure meme opportunities still exist, but the biggest opportunities still lie within those meme coins that have a strong core and backing.

In summary, meme coins are no longer simple cultural symbols; they are becoming tools for institutions and project parties to release value.

Embracing the valorization trend of memes will be key to the future market. What we need to do is to find those meme projects that can truly support this trend, seize this opportunity, and welcome the new landscape of the market. #2025有哪些关键叙事？