With a 100-fold increase in ten days, the hippopotamus MooDeng started the "Internet celebrity animal meme trend"

Now meme has another track - Internet celebrities. In addition to Musk's push and Trump's speech, you have to be familiar with the traffic passwords on TikTok and Instagram. I still remember that at the beginning of 2021, DOGE set off the earliest wave of meme craze named "Zoo Market". The market value of DOGE once reached 88.79 billion US dollars. Now, in addition to cats and dogs, a group of Internet celebrity animals have appeared in the meme circle. Unlike the pet cats and dogs of someone in the past, they first have Internet attention because of some of their own characteristics, and then transmit to the currency circle to have hype opportunities.

Today's liquidity environment will not appear in the heyday of DOGE in a short time, and the current meme wave is confusing because of the scattered targets and hype between various chains. Many people miss the content creation atmosphere of Chinese and even the entire Crypto circle a few years ago, saying that there were a lot of "dry goods" in the past, and there were many unique insights for different tracks and tokens that could be absorbed and really converted into profits. In fact, what we miss is the bull market, because at least until now, the "logic" has failed one after another, not only in the meme track, but also in other tracks.

Related reading: "Revel in the wild casino where memes are buried"

Internet celebrity hippo Moo Deng

In September, an ugly and cute hippo Moo Deng went viral and became the headlines of various media. It was born in Khao Kheow, an open zoo in Thailand. Moo Deng, who was only two months old, became a new social media darling because of a distinctive face and interesting videos.

TikTok and Instagram are full of Moo Deng’s secondary creation videos and meme pictures. Because they are too popular, the zoo where Moo Deng is located has to limit everyone’s visiting time and take zoo security measures.

This wave of excitement in the cryptocurrency circle has naturally joined in. The meme of the same name first appeared on Solana on September 11. The market value has steadily increased in the week since its launch, reaching a market value of about 5M. On September 16, Binance launched lowercase Neiro on spot, and the meme market on Ethereum immediately became hot. In the early morning of the same day, uppercase MOODENG appeared on Ethereum. Subsequently, on September 18, LBank Exchange announced that it would launch MooDeng trading on September 21.

The viral spread of Moo Deng continues, and the second surge in trading volume of the same-name meme on Solana and Ethereum occurred on September 21. But after this wave of gains, the target on Solana maintained its upward trend, while the growth trend of MOODENG on Ethereum was relatively gentle.

In terms of trading volume data, MOODENG on Ethereum is obviously inferior to Solana, with a trading volume of less than 40 million US dollars in the past week, while MOODENG on Solana has exceeded 100 million US dollars in the past week.

Pesto, the Internet celebrity penguin

During the period when Moo Deng was popular, another cute giant emperor penguin from Australia, Pesto, also became popular because of its size. Pesto weighs the same as the sum of his parents, and is very conspicuous among the penguins. As a result, he appeared on major traditional media. Thanks to his weird characteristics and the fermentation and spread of social media, related meme coins began to appear in the currency circle and were sought after by the market.

$PESTO on Solana was launched on September 18 and performed strongly. It started to pull up 7 hours after it went online, and the rise lasted for 8 hours, with an increase of more than 8 times. The next day, it suffered a sharp correction, with a daily decline of more than 80%, and the market value fell below one million US dollars. After a day of bottoming out, PESTO started to rise again, with a market value of over $4 million.

PESTO on Ethereum was born on the 20th. It rose more than 20 times in 24 hours after its launch, and then began to fall sharply until it suddenly started to rise at noon today, with a two-hour increase of nearly 8 times. The current market value is $1.83 million. Compared with Solana, PESTO on Ethereum has a weak momentum, with a trading volume of only more than 6 million US dollars since its launch, less than one-third of Solana.

But yesterday, Time magazine and the BBC reported on Pesto, Solana and related concept meme coins on Ethereum, which launched a new wave of offensives. How it will develop in the future remains to be witnessed by the market.

meme The tide is rising again, how to grab fish on the beach?

Looking back at this week's Golden Dog, there are many "slap your thigh" moments. First of all, you need to keep sensitive to the market at all times to seize alpha opportunities.

Hippo MOO DENG spread very quickly in foreign communities, and it was reported by many media in a short period of time. For the meme market that is already keen on cats and dogs, cute animals themselves are suitable as hype targets. On September 17, X officials also used hippopotamus emojis as tweets. At that time, the market value of MOODENG was about 6M. Even if you bought it at that time, it would have increased by 11 times today, one week later.

As MOODENG continued to rise, Penguin Pesto, as a meme with similar popularity, also became a deterministic wealth code. Just one week after MOODENG went online, PESTO on Solana had just started, and according to the high point, there was still a 10-fold increase waiting to be opened.

For tokens that have entered the field of vision, they can be analyzed from two aspects: narrative heat and chip structure. In the early stage of token development, you can observe the addresses with large transactions when the token rises, and analyze the speed of the token increase and the change in transaction volume.

After holding meme coins, you need to pay attention to timely stop profit. Because the factors that affect the rise of tokens are difficult to predict, just like MISHA was originally considered by the community to be Vitalik's dog and rose rapidly, but it plummeted due to a denial reply from Vitalik himself.

During the two-week rise of MOODENG, there were frequent declines of about 40%, and many early holders sold midway or even cut their losses and left the market. As a retail trader, timely stop profit can maintain a healthy mentality of holding coins.

For example, the address starting with uDMqp6 bought a total of $1,033 in the first two days of the opening, and sold 10 transactions in the following two weeks, accounting for half of the holdings, making a profit of $100,000 and unrealized profits exceeding $1.1 million.

No trader can seize every trading opportunity. It is undeniable that the overall warming of the crypto market last week also brought a lot of liquidity to the meme market. In the dazzling decision-making of the dog rush, finding a trading logic that suits you is the most important thing.