As many negative news is exhausted by the market, the market has improved slightly from the bottom, and the most eye-catching chain in the past 7 days is Ethereum.This chain, which has been criticized for countless times, has been the success of Pectra upgrade, ETFs continued to buy, and Virtual’s new issuance model, and capital recognition + technology upgrade + on-chain ecosystem prosperity has led to the continuous rise of Ethereum’s currency price, and at the same time, it has also caused the Ethereum chain Memecoins to recover repeatedly.

In contrast, Solana, the tokens of the old secondary Memecoin and AI sectors have generally risen, but the pace of the primary market is getting faster and faster because there is no more narrative acceptance. At the same time, the upper market is facing the continuous release of selling pressure on related addresses such as FTX and Alameda, and the lower market continues to pumpFun to suck blood.Only the Bonk system continues to export new golden dogs in the new token, but it is difficult to support it alone. Apart from the upper level address, fewer and fewer ordinary people can make money in the ecosystem.

@ec_unoxx’s DUNE panel shows the profitability of nearly 30,000 addresses

ETH’s Meme Revival

Matt Furie Concept Return

For Ethereum’s Memecoin, Pepe is definitely a well-deserved leader. It has cultivated a very strong community in the ETH Meme boom in the previous cycle. As one of the most well-known Memes, both market value, capital inflows, and increase are the main force in this ETH Meme rise.Unlike the “changeable” concepts of Shiba Inu in other chains such as SHIB and FLOKI, or the V-god hippo stolen by Solana.The Frog Series seems to be particularly popular with the EVM Series, especially ETH, because its Matt’s works bind EVM to be deeply rooted in people’s hearts, such as ANDY and BRETT, have achieved good market value and community.

At that time, Ethereum rose strongly and even its rise affected the “promotion” level of Douyin’s topic. The old Ethereum traders were naturally not inferior. They picked up the Matt concept again and allowed this long-sleeping “Meme chain” to recover again.

RATO

The first thing to mention is RATO, which is the character of “Rat the Rat” in Matt Furie’s new book.Its image is almost a gray “Pepe” with a mouse’s nose and ears, but its image is a mouse. The token’s highest market value has reached US$36 million, and it has now been pulled back to US$15 million.

BERRY

BERRY “Strawberry”, this image has appeared on Matt’s IG many times. The image of the female version of “Pepe”. According to the well-known KOL rising “@0xZz007”, the team is the team of the original Eth $mstr. The token once reached a market value of US$55 million. After the token was launched, the power-level KOL “private domain or public domain” was purchased to a considerable extent and promoted it at almost the same pace, which also made the token’s traces quite steady before reaching the market value of US$10 million. Now the token has been pulled back to around US$3.4 million.

FROGGER

In addition to the Pepe derivatives of the Matt series, its first work, Naked Crab Man, MACI, who is also a character “suspected” of the next work as Berry, and other “frog” concepts. FROGGER is a classic arcade video game originally developed and released by Japanese company Konami in 1981.

FROGGER was founded 12 days ago and suddenly soared 10 times yesterday after two weeks of sideways trading. The first of the list is currently a 15% token called Vitalik. The token currently has a market value of US$2.8 million and has now been pulled back to US$2 million.Although it is a new concept of frogs, I don’t know whether the narrative is continuation in the current market.

The veteran Trading Bot project PepeBoost published his opinion on X. He believes that “Matt’s series of characters is easy to identify. If Ether really starts a new round, it will definitely produce a leading project in it, so you can focus on it.”

According to the DUNE panel data made by @dyorcrypto, ETH’s MOG, APU, PEPE, and SPX have all grown quite well. Although ETH’s old tokens do not flow as much as Solana, the choices are relatively concentrated.

Solana Old Meme Large amount of capital inflow

When the on-chain market rebounds, players will still use Solana as the first driving point. The number of active Solana addresses has soared in the past month. Although fewer and fewer players can make money, the trading volume and liquidity are one order of magnitude higher than ETH’s Meme.In the primary market, Solana has been suffering from PumpFun for a long time, but in the current market, the Raydium-type LaunchPad, led by BONKFUN, seems to have effect on its overall attack. The transaction volume and trading Txs on non-Pumpfun platforms have reached the level of the same period last year.

BONK-type counterattack

BONKFUN should be the most successful product of Solana’s current battle against Pumpfun. Thanks to the depth of the BONK community’s roots in Solana, the proportion of large players and the DEGEN team, this platform has made Golden Dog come out in a mess. Recently, BONKGUY “theunipcs” that has a lot of purchases for both the second and first-level orders have contributed a lot of Golden Dogs on the BONK platform.

Since BONKFUN released a reward of $5,000 for 5 “take-off” tokens in the next week on May 11, surrounding members have begun to support various Meme communities in a crazily manner, and a large number of Chinese KOL players have also linked them, so many “Chinese” narratives appear on BONKFUN’s homepage.

The effect of the East-West alliance is naturally very obvious.According to BONKGUY, since the latest incentive program was started yesterday, LetsBONKfun has created 6911 tokens in just 24 hours and incurred a fee of 2880.36 SOL “about $500,000”. If you are talking about the $5,000 reward for each token mentioned above, you can reward a full 100 token community.This means that in just 24 hours, it generates 20 times the benefit of its weekly reward activity. Whether it is for BONK project parties or retail investors in the market, it may covet more high-quality memes from BONKFUN.

USELESS

USELESS comes from a tweet posted by BONKGUY on X, “This is a useless currency and should not be pushed up.” This nihilistic emotional concept similar to “FARTCOIN”, “SHIT”, “HOUSECOIN” is a favorite of European and American communities. Since BONK’s launch, its market value has soared to $34 million, which makes people feel like they have seen the same path as “HOUSECOIN”.

HOSICO

HOSICO is the Memecoin mentioned by the author when BONKFUN was launched. The “first generation” BONKFUN token HOSICO, also promoted by BONKGUY, also continues to have a healthy K-line trend. This internet celebrity cat, which has been ahead of other tokens in the same period since BONKFUN was launched, is also regarded by the community as the most promising to become BONK’s first Memecoin with a market value of 100 million.

Tears of the times, old Meme burst out collectively

According to ARKHAM’s TREEMAP data, half of the top 15 tokens in the past week are Solana’s old Memecoin, among which MoonDeng and PNUT concepts are the hottest. The well-known KOL Chuanmu’s logic for him to buy these two tokens is “they are very similar to the early pepe and shib”, and no matter what, these two concept coins of the same period have performed well in this cycle.

TITCOIN

Another thing that is also eye-catching is the COIN-like “imitation market” TITCOIN. This complete “conspiracy market” maintained quite good traffic data in the early stage by “patting the edge”. The funds behind it are building communities while living in the bear market, which almost “only rises but not falls”, accumulating 22,000 holders’ communities from March to May.

What other secondary targets?

The data chart of well-known data analyst @ec_unoxx on DUNE has compiled many secondary target data indicators. Retail investors can combine the possible large inflows of tokens to cooperate with the analysis of the K-line.

It can be seen that the tokens in the top spot in recent inflows are almost all old coins with launch days of more than 150 days. More veteran Memecoins such as MEW, POPCAT, SLERF, and WIF account for most of the inflows. The AI concept led by ai16z, which recently released the launch platform autofun, occupies another part of the liquidity, partly because of the impact of the oversold some time ago. On the other hand, Crypto has not shown a new AI concept, so mature AI projects have also been listed as one of the targets of buying at the bottom by Clever Money.

With the thriving chain, crypto poker player Wesley “CryptoApprenti1” believes that there is no incremental capital on this round of chain, and the appearance of prosperity is actually the dealer who pulls the market to save himself, and said, “I still believe that the super memes like $shib and $pepe appear in the last round are to see the brain.”It is true that with the assembly line of Meme on the chain, Memecoin with a large market value has become increasingly rare after $Trump.

There are fewer and fewer “diamond players” who can win, but many “paper players” have good returns based on PVP. With the news that Crypto Banter founder @cryptomanran “Trump’s social platform Truth Social will be launched within the next 72 hours”, the future market is full of uncertainty again. In the current situation of the shorter and shorter bull and bear transformation, the classic saying of Warren Buffett, a legend who just retired some time ago, “I am afraid of others greedy, and I am greedy.”