Crypto chaos: VC coins, memecoins, celebrity endorsements, all competing for 'trust'!
The crypto world is like a super party, changing direction faster than Dogecoin! A few years ago, VC coins (projects backed by venture capital) were the stars! Layer 1 blockchains like Sui and Berachain received massive funding from a16z and Binance Labs, raising hundreds of millions and being valued in the tens of billions, soaring high! What's going on? VC endorsements provide 'trust': if the big shots invest, it should be stable, right? What happened? The listing price skyrocketed, retail investors rushed in to take over, and once unlocked, it plummeted! In 2023, VC coins averaged over a 50% drop, trust collapsed, and retail investors on X lamented: 'High-end narratives? Never believing that again!'
At this point, memecoins burst onto the scene, igniting the crowd! Instead of relying on technology, they took over with X and TikTok, fueled by community fervor, lighting up retail investors' dreams of getting rich! From 2024 to 2025, the total market cap of memecoins soared to 70 billion, skyrocketing like a rocket! How did they get popular? By relying on 'community trust': everyone is having a good time, and consensus is king! For example, $FARTCOIN (launching on Solana in October 2024) took off directly on X due to the 'ideal memecoin' meme from the AI model Truth Terminal, ending the year with a market cap of 1.25 billion, up 12000%, all thanks to community self-excitement! $MOTHER (June 2024, promoted by Iggy Azalea), with celebrity aura + low fees on Solana, increased by 37% in April 2025, reaching a market cap of 200 million, while X fans fervently retweeted! $TROLL (December 2024, Solana's 'Troll Meme Pack'), with silly memes dominating, had a market cap of 500 million in April 2025, soaring 300% in the short term, and X directly crowned it as the 'new meme king'! These coins don't play with white papers, but instead tap into culture and FOMO emotions, ultimately providing retail investors with a sense of 'trust': everyone shouts to the moon, what is there to fear! The market has shifted from 'VC elite packaging' to 'grassroots frenzy', maintaining the speculative old core but dressed in a more relatable shell!
After the meme craze: celebrity/institution endorsements recreate 'trust'
Although memecoins are popular, 95% of projects go to zero (like Hawk Tuah in 2024, which cooled off quickly), with significant volatility and little use, making players calm down. The old drama of the crypto world is playing out again: celebrity/institution endorsement makes a comeback, pulling funds back from 'grassroots memes' to 'endorsement dramas'! Why? It's still a 'trust' issue! VC coins rely on institutional endorsements for trust, while memecoins rely on community sentiment for trust; celebrity/institution endorsements directly amplify the effects, merging the trust buffs of both, creating consensus in a flash! #TRUMP晚宴 #比特币市值排名 #加密货币总市值重回3万亿 #memecoin🚀🚀🚀 #加密市场反弹
