jakiro
Author: NingNing Source: X, @0xNing0x
What is $M3M3?
Meteora borrowed from DEX’s Ve(3,3) mechanism to invent a Meme coin launch (3,3) mechanism: MEME(3,3)
That is, the top 1,000 Stakers of MeMe can obtain the fee income captured by the MeMe LP.
Meteora has developed a Meme coin launch platform based on MEME (3, 3) mechanism: M3M3
Meteora community inspired by MEME (3, 3) to launch the first Meme coin on the platform using the M3M3 platform $M3M3
So, $M3M3 has no direct relationship with Meteora in theory, but everyone knows it. The market will use $M3M3 to Jupiter’s $WEN and HyperLiquid’s $PURR
Why does Meteora send $M3M3?
Observing the latest status of the DEX track of Solana ecosystem, Meteora’s market position is as follows:
–The market share of trading volume accounts for 7.4%, ranking fourth behind Raydium, Lifinity and Orca
–The liquidity market share accounts for 9.2%, ranking third after Raydium and Orca
–Rising token launch share ranked third, ranking behind http://Pump.fun and Raydium
From the above, we can find that Meteora has certain advantages in liquidity and Nissin Token launch, but has shortcomings in trading volume.
The launch of the M3M3 launch platform can not only consolidate Meteora’s product advantages in LP and new tokens, but also stimulate the growth of platform transaction volume. It is an excellent strategy to kill two birds with one stone.
How should I view $M3M3?
First of all, the attribute of $M3M3 is MeMe coins, not M3M3 platform coins.
Secondly, it is obvious that $M3M3 is an atypical MeMe coin.Its valuation method is not based on the focus economy and market sentiment Flow as the main dimensions, but mainly considers its APR and potential airdrop return.
Based on my recent experience in on-chain MeMe currency PVP, I am not particularly optimistic about the launch paradigm of M3M3, the new MeMe currency.
Because what really makes MeMe coins full of charm is the addictive mechanism of instant feedback (quick double or drilling into the ground), high volatility (intraday volatility range is often -90%, +10,000%) + uncertain return.
This is a kind of Baccarati carnival, and calculating APR and potential airdrop returns are too rational. They belong to the Japanese culture and are incompatible with the MeMe currency market environment.
Summary: Use $M3M3 as a hair picking tool, and don’t really play with MeMe coins.
