#BNBChainMeme热潮 Observing the divergence of two Meme coins in the Binance spot market raises thoughts:
$TST (Led by CZ's project calls)
Launched and immediately dropped: Since listing on the Binance exchange, the market cap has continued to decline from a peak of $500 million to $70 million, with a low point of $50 million during this period, resulting in a cumulative drop of over 90%
Exhibiting typical "death spiral" characteristics: The project lacks effective market cap management, and community consensus quickly disintegrates amidst price fluctuations
$cheems (Based on the classic Doge ecosystem derivative IP)
Counter-trend performance: Amidst a market environment where BTC has repeatedly fallen below $80,000, the market cap has steadily risen from $100 million to $130 million
Demonstrating resilience: Price volatility is significantly lower than similar assets, and the number of on-chain holding addresses continues to grow, forming a virtuous cycle of "holding equals consensus" deep value.
Logical disassembly:
(1) Community infrastructure dimension
Cheems holders build a community interest collective, while TST relies solely on emotional calls to maintain interest
(2) Temporal sedimentation effect
Cheems has been continuously building in the BNB Chain ecosystem for 18 months
Exchange strategic insights:
It is recommended that Binance establish a Meme coin evaluation matrix:
On-chain activity indicators (holding addresses/trading frequency)
Community building
