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Author: Arain, ChainCatcher
In 2024, the Memecoin track emerged and grew a super cycle with mixed reputations, which surprised many Old Moneys.
In Memecoin’s trading battlefield, there are talented fraudsters who set up “wealth traps” with cunning means, masters who play in the market with precise judgment and operations, and goods that use their own influence to bring traffic to tokensThe king, and the king of orders who control the market trend by shouting orders… These figures of the year took the stage and jointly created the Memecoin carnival.
Alon
Without the Meme launch platform Pump.fun, this Meme feast orgy may be half the less.So in this sense, Alone is the key figure in the Memecoin craze of 2024.
Alon created and launched the Pump.fun platform in January 2024, providing users on the Solana blockchain with a place to create and trade cryptocurrencies, allowing users to create Solana tokens for free in one minute.
As of December 26, 2024, the platform has created more than 5 million Memecoins, including many larger Memecoins, such as Billy, Michi, Shark Cat, etc.The platform also laid the foundation for mass manufacturing of celebrity Memecoin, such as Lggy Azalea’s MOTHER token, Andrew Tate’s endorsed DADDY, and Jason Derulo’s JASON.
Although mass manufacturing of Memecoin will oversaturate the market, it is undeniable that Pump.fu provides a platform and opportunity for the development and innovation of Memecoin, and has had a profound impact on the development of the entire Memecoin ecosystem.
Murad
One of the top Memecoin KOLs in 2024 and is known as the “Meme theologian”.
Murad has two main deeds, one is to invest $SPX successfully, and the other is to propose the Memecoin Supercycle theory to become famous.
Content of Memecoin Supercycle Theory Murad believes that Memecoin is obtaining attributes and speculative premiums from value coins and will enter a “Meme supercycle”, that is, Memecoin will not only surpass traditional cryptocurrencies, but will also change investor behavior and market trends. Memecoin willFrom a simple online joke to a legal investment asset with enthusiastic followers.
When Murad first held $SPX, the currency had a market capitalization of only $10 million, and now it has soared more than $700 million, with a floating profit of $8.3 million.While holding the currency, he actively spreads investment philosophy on Twitter.His holdings and order shouting behavior had a certain impact on the price trends of these currencies and attracted the attention and followers of many investors.In addition to $SPX, Murad also holds giga, pepe, sigma, apu and popcat currencies, preferring Memecoin with medium and high market value.
According to Murad’s own summary, he mainly adopts the “Price and Faith Index” investment strategy, which believes that investors should look for projects with high beliefs but low prices, that is, undervalued but meets most screening conditions. These projects usually only haveOne or two indicators are not met, easy to improve, and have extremely enthusiastic community support.
After making a speech on Token2049, Murad’s position in the Memecoin circle has taken a new level. Due to its systematic Memecoin investment and strategies, more investors have begun to study Memecoin – even some VCs.
Ansem
Another KOL among the top Memecoin KOLs in 2024, can be as famous as Murad.
But compared to Murad, Ansem’s trading label is heavier and believes that technical analysis is more important than fundamental analysis.Ansem has attracted market attention mainly for its investment in BONK and WIF.On October 30, 2023, Ansem posted X “bonk great coin” on social media, first recommending BONK, when the price of BONK was only $0.0000005618.BONK then soared, and by March 2024, the BONK price once exceeded US$0.000045, an increase of more than 80 times.
As for WIF, it can be said that Ansem has gradually called it to a market value of 3 billion.On December 12, 2023, Ansem said on social media that only WIF has the potential of SHIB, and posted X “WIF = SHIB” on December 16.Then within 4 months, the price of WIF soared from $0.09 to an all-time high of $4.85, an increase of more than 520 times.
Due to frequent recommendations of some small-cap Memecoin, which caused followers to lose money, Ansem is currently carrying some slutty lawsuits, and other KOLs accused Ansem of openly “cutting leeks”. Faced with the accusation, Ansem said that he was just choosing the best deal in the market and could notMake sure every deal is successful, but helps more people than hurts.Some analysts backtested their investment returns through Ansem’s previous recommendations. If most currencies buy after Ansem’s recommendation, they will turn into negative returns.
Sahil Arora
When the incident was exposed due to being “slaughtered” by multiple stars, the fraudster from India once caused a sensation in the market and caused a large number of investors to lose.
Sahil Arora is a serial entrepreneur who started a number of crypto projects in 2020-2023, and although it failed, it made it profit a lot.
In 2024, Sahil Arora found business opportunities on Memecoin, using her Instagram presence and certification marks to connect with numerous celebrities and collaborate with them to issue tokens.Helping these celebrities issue Memecoin, usually holding 25%-40% of the token supply, quickly sell the tokens after the celebrity’s tweets are posted, treating the investment of celebrity fans as his “exit liquidity”.
For example:
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Spend $200,000 to ask Jason Drulo to tweet to promote the token;
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Sign a contract with Caitlyn Jenner to issue tokens JENNER and agreed to pay a $50,000 upfront payment and 80% of the revenue share, but the cooperation turned into a farce. Jenner accused him of breach of contract and publicly scolded him, saying that he was cheating.I owed her a lot of money;
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Tokens issued for celebrities such as Rich the Kid, Lil Pump, and these celebrities have also complained about similar experiences;
Through data analysis, data company Bubbleworks believes that Sahil Arora has made about $30 million this year by issuing Memecoin for celebrity agents.
Lggy Azalea
Australian rapper Lggy Azalea should be the leader in trend of 2024 Celebrity Memecoin.In fact, Sahil Arora has also been tempted by Lggy Azalea to help her release Memecin $LGG, but it was not very successful.
Lggy Azalea decided to issue Memecoin by himself.The reason was that she found out that someone pretended to be her sending coins on Telegram, so she simply launched the token MOTHER on Pump.fun on May 28, 2024, and focused on promoting MOTHER coins with her X account, which has 7.6 million followers, and deleted it.All posts before May 29, 2245 posts about MOTHER, MOTHER’s Telegram channel link was placed on Instagram, and paused her OnlyFans to guide fans to the Telegram channel.The price of MOTHER coins soared by 1200% within the week after the issuance.
Lggy Azalea then appeared in Space in multiple communities, interacted with community members, responded through voice messages, and appeared on the ThreadGuy podcast to share his insights on cryptocurrency and Web3.
As Memecoin becomes more and more popular, Ethereum founder Vitalik Buterin expressed dissatisfaction with the celebrity Memecoin craze, believing that these coins are just to make celebrities and early users rich and have no practical use.Lggy Azalea then took over the V God and released a spoof meme of holding the V God baby, saying “He is angry and hungry”. The price of random $MOTHER tokens once rose by 150%, which also led to the “family token”Trends such as $DADDY and $SON have risen.
Lggy Azalea is not only good at fighting. After fighting V, she opened an online store. She can only use MOTHER to buy T-shirt and other products. She also announced that she can use MOTHER or SOL to buy mobile phones, purchase mobile phone tariff packages on a monthly basis, etc., to avoid $MOTHER Value nothingness.
Caitlyn Jenner
Caitlyn Jenner is an American Flag TV show celebrity and former track and field athlete. Like Lggy Azalea, Caitlyn Jenner’s own media influence and public image attracted more attention to memecoin, but the difference is that Caitlyn Jenner released Memecoin andUnsuccessful, eventually causing it to be sued by investors.
In May 2024, Caitlyn Jenner released a token called $Jenner on Pump.fun, posted photos of Trump shaking hands through a Twitter account and attached a link to the $Jenner token, and also circled several famous encryption.KOL, called it “crypto kings”.Subsequently, a Story about the $Jenner token was released, and its broker Sophia also forwarded it.
As Caitlyn Jenner has not previously entered the crypto space, her fans suspect her account was stolen.However, Caitlyn Jenner said that his account had not been stolen and posted a video of himself showing his face to refute the rumors, saying that $Jenner was indeed released by his team.
During a period when the currency price fluctuated significantly due to various doubts, Caitlyn Jenner’s Twitter account called Space, and his agent Sophia planned to personally defy the rumors in Space.However, Sophia said in Space that the team might have to issue a new token and the market began to sell $Jenner, although Caitlyn Jenner later claimed that the team would only focus on $Jenner and would not launch other tokens, which would not help.
Caitlyn Jenner earned 2,381 SOL (approximately $405,000) in the last 4 days of May 2024 through launching 12 MEMEcoins on Solana.
On November 13, 2024, Naeem Azad and Mihai Caluseru filed a class action lawsuit in the Federal Court of California as British and Romanian citizens, respectively, accusing Caitlyn Jenner and his manager Sophia Hutchins of fraudulently soliciting investors for unregistered securities, resulting inThey suffered significant losses.
I spent my fan value for $400,000 and attracted official criticism. I wonder if Caitlyn Jenner would feel that it would be worth it?
James Wynn
The newest bidder for the year has won 25 million US dollars because of his heavy position in PEPE, but also failed because of his ugly appearance.
James Wynn quickly bought it within 1 day after the PEPE coin was launched and called out a large number of orders on Twitter. On April 16, 2023 alone, at least 24 promotional content about PEPE coin was released to help PEPE coinThe popularity on social media has attracted more investors and the Meme community.
On May 1, the price of PEPE coins increased by 100 times compared with James Wynn’s cost. James Wyn was discovered that the PEPE coins he held were transferred to multiple new addresses, and gradually subscribed assets through the operations of multiple wallet addresses.Collect to the main wallet jwynn.eth, and finally transfer funds to the exchange address.According to media statistics, James Wynn earned about US$25 million in the surge in PEPE tokens, with a principal of only US$7,644.
Then, James Wynn began calling for ELON tokens.On April 24, 2024, James Wynn tweeted “I think I have a 1000x for you, who wants it?” tweeted. One hour before the tweet, he just completed two accounts inThe layout of ELON tokens was subsequently released related information about ELON tokens, and the price of ELON tokens rose by nearly 100 times in a short period of time.
On April 27, the price of ELON suddenly fell 70%.James Wynn then announced on Twitter that he had cleared his position and said that there was a problem with the ELON token. In fact, he had cleared his position with another uncommon address as early as 3 o’clock on the 25th. His clearance behavior led to ELON.The collapse of the currency.According to statistics, during this operation, both accounts were in the top ten of the profit list, with a profit of about US$350,000.
Because James Wynn’s clearance behavior directly led to the collapse of ELON prices, which caused James Wynn’s image in the community and was directly pointed out that he was cut off.
Justin Sun
For such a character ceremony, Brother Sun must be there.
In August 2024, Tron TRON launched the SunPump Beta version, known as the first Memecoin platform in the Tron ecosystem with the concept of fair behavior.SunPump can be understood as benchmarking Pump.fun. Although Tron claims that SunPump is not Sun’s project, in the public’s mind, Justin Sun will still associate SunPump with SunPump.
After SunPump was launched, Justin Sun spared no effort to promote it and posted a report predicting that the tron chain will soon produce Memecoin with a market value of more than US$1 billion, saying that Tron TRON and Meme culture are deeply integrated.
In addition, Justin Sun is also making plans in other fields of Memecoin.For example, investing in Shib’s forked token SHIB Ultra for $10 million, making it the largest investor of the project.
In 2024, Justin Sun’s most popular event on Memecoin was the “expensive banana” incident.He paid tribute to Meme culture for $6.24 million to film the concept artwork of Italian artist Moritio Catlan, “The Comedian” (a banana that is tapered to the wall) and ate it on the live broadcast.This triggered public discussion on Meme culture. Through this incident, he successfully combined art with Meme culture and expanded Meme’s circle.
Elon Musk
Elon Musk is already a heavyweight figure in the cryptocurrency circle. Although he did not deliberately advance the historical process of Memecoin, he must have made a comeback in the history of Memecoin’s development.Elon Musk believes that meme is a modern art that can efficiently convey information and emotions. He once said, “Whoever controls meme will master the world.” This sentence reflects his understanding of Meme culture.
One of Elon Musk’s most widely recognized Memecoin investments is Doge.In 2020, Musk began to frequently post content about Dogecoin on Twitter, such as “dogetothemoon”, pushing Dogecoin from a relatively niche cryptocurrency to the perspective of global investors.At the beginning of 2021, Tesla CEO’s tweet “doge” and Rockets’ expression made Dogecoin’s price soar, breaking through the historical mark of $1.In addition, Musk had planned for Tesla to accept Dogecoin payments, but the plan was later suspended.In April 2023, Musk changed the X icon to a Shiba Inu, and Dogecoin rose by 30% on the day.In 2024, Musk paid tribute to the original dog Kabosu behind Dogecoin meme in X post, triggering a bullish trend in Dogecoin.
In addition to Dogecoin, Musk also had no intention of bringing goods for some Memecoin (note, this is different from calling orders):
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In December 2023, Musk announced that it would launch its first AI model, GROK, which was then established, and rose five times in two days (but some people revealed that GROK was created by a fraud artist, and the coin later plummeted);
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On January 9, 2024, Musk turned his Twitter profile into (CTO) chief Troll Officer, and the TROLL coin price surged;
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On January 16, 2024, Musk released a Meme picture. Because the text on it contains Meme and smiley elements, the price of the token SMILEY previously deployed on Ethereum rose accordingly, with a one-day increase of up to 895%;
Musk’s words and deeds have attracted much attention from the cryptocurrency circle. The market often sees a large number of Memecoin creations with him or inspired by him. For example, the “ClosedAI” token rose by more than 2,800 in three hours after Musk criticized OpenAI.%.
Recently, Musk changed his Twitter avatar to a Meme image similar to the Pepe frog, and directly changed his name to Kekius Maximus.PEPE rose, and multiple Memecoins of the Kekius Maximus concept also began to soar in a short period of time.
Donald John Trump
The incoming U.S. president and former president, Donald John Trump is often put together with Musk and brings some Memecoin trading opportunities.Donald John Trump is the one who is on the gun so far at least.
In May 2024, at the Trump Card NFT Gala held at Mar-a-Lago, when participants introduced him to the $240 million “boden” meme coin, Trump said, “I don’t like that investment.”But then, the meme coin rose 25% at one point on Wednesday, reaching a high of $0.42.
On August 12, 2024, a trader said to have purchased 608,650 “TRUMP” tokens for $0.052ETH (about $96 at the time). By June 2024, the market value of the coin wasSoared to $788 million.
