About MemeX I was proven wrong
From the day it launched, I said that $M below 0.2 is a golden opportunity, but I didn't expect it to rise from 0.09 to 0.2 in one go yesterday. The prediction of 0.2 was merely based on the past behavior of the MemeCore main project.
However, I realized that I overlooked the future of the Memex platform. If we compare it to Pump and Bonk, with competing products valued at 4B and 2B, while $M is only 200M, at least there’s a 5x potential!
Today, I want to share my understanding of the $M valuation. By the way, I am currently ranked first on the MemeX 7-day leaderboard, thanks to all the brothers' support! My content is entirely handcrafted without AI, so I feel deserving of this position 🫡
Core reasons:
1⃣️ The parent project is too strong, making it easy to overlook the growth potential of the sub-project.
The parent project @MemeCore_ORG is a public chain focused on Memes.
MemeCore is not an ordinary meme coin project; it’s an infrastructure tailored for meme culture, similar to ETH or Solana but optimized specifically for the meme ecosystem.
Currently, the most outstanding aspect of its ecosystem is the sub-project @MemeX_MRC20.
Its role now is somewhat like https://t.co/B0sfOfdwV6 is to Solana.
In the past two years, what truly activated the Solana market structure was the meme trend that started from Bone, with Pump launching an internal market to capture this wave of traffic, attracting more external funds.
Now, MemeX is replicating and even expanding this value on MemeCore.
2⃣️ Market capitalization compared to Pump and Bonk.
Recently, there has been a lot of buzz about Pump's upcoming token release, valued at 4B. This valuation is not high, considering Pump's revenue data this year is like a money printing machine.
Just in January 2025, it generated 137 million dollars in a month, with a highest single-day revenue of 7.07 million dollars. The total earnings for the first half of the year have nearly reached 700 million dollars.
Pump can be seen as a casino, with no risk and crazy revenue generation. There’s another fundraising wave expected at 600m, plus it has been continuously selling SOL to hoard cash, making Pump currently the cash king of Crypto.
Additionally, LetsBonk, which has gained popularity recently, has a market cap of 2 billion dollars.
Meanwhile, $M currently has a market cap of only 260 million dollars, just a fraction of Bonk.
OK, now we see the market cap disparity, but that still doesn’t prove that M is cheap, as each platform's growth situation is different.
However, if you’ve been trading dogs on the MemeX platform these past few days, you would have noticed that there have been many golden dogs recently, with early internal market caps being quite low, such as $mxt, $bubu, $bunana, etc. Many group friends have seen returns of dozens to hundreds of times, and the wealth effect of the platform will further increase liquidity.
The path that MemeX is currently taking is almost identical to Pump—only that Pump heats up Solana through trading and token issuance, while MemeX ignites MemeCore through a combination of “social + token issuance + content.”
3⃣️ MemeX's POS (proof of shit).
This mechanism is currently only introduced, but it can be seen that it is a reward-based social mechanism.
There’s also the already launched Airdrop page, from which we can reasonably infer that a complete behavior points system + airdrop mechanism surrounding POS is taking shape for the future.
4⃣️ The contract holdings of $M have surged, with short-selling bets increasing.
The holding volume has reached 54 million, with the large holder long-short ratio at 34%: 65%, indicating a one-sided shorting from retail investors. Next, the MemeX platform will release more golden dogs, attracting outside capital to participate or locking funds into the platform to gain the upcoming airdrops.
When most tokens are restricted from liquidity, those who frequently trade contracts know what this means: the market maker will drive up the spot price, and contracts may experience extreme -2%. At this stage, retail short-sellers, due to insufficient margin, may be forced to liquidate or suffer from high fees, leading market makers to take over the chips, causing prices to quickly reverse and rise, resulting in a rapid bullish counterattack.
In summary, do you still think the price of $M below 0.2 is high?
