The Internet celebrity animal meme wave is coming, the hippopotamus MooDeng has increased a hundred times in ten days

Now memes have another track – Internet celebrities. In addition to Musks tweets and Trumps speeches, they also have to be familiar with the traffic codes 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, and 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. Different from the pet cats and dogs of someone in the past, they first have Internet attention due to some of their own characteristics, and then transmit to the currency circle to have hype opportunities.

The current liquidity environment will not see the heyday of DOGE in a short time, and the current meme trend 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 on 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, this is the case for the meme track, and the same is true for other tracks.

Related reading: Party in a wild casino where memes are buried

Internet celebrity hippopotamus Moo Deng

In September, an ugly and cute hippopotamus, Moo Deng, went viral and made headlines in various media. 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 his distinctive face and interesting videos.

TikTok and Instagram are flooded with Moo Dengs secondary creation videos and memes. Because they are too popular, the zoo where Moo Deng works has to limit everyones visiting time and implement zoo security measures.

The cryptocurrency community also naturally joined in the excitement. The meme of the same name first appeared on Solana on September 11. The market value rose steadily in the week after it was launched, reaching about 5M. On September 16, Binance launched lowercase Neiro on spot trading, and the meme market on Ethereum soon 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 meme of the same name on Solana and Ethereum occurred on September 21. However, after this wave of gains, the target on Solana maintained its upward trend, while the increase trend of MOODENG on Ethereum was relatively slow.

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

Internet celebrity penguin pesto

During the period when Moo Deng became popular, another cute giant emperor penguin from Australia, Pesto, also became popular because of its size. Pestos weight is equivalent to the sum of its parents, which makes it very conspicuous among the penguins. As a result, it has been featured in major traditional media. Thanks to its own 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 18th 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 began to rise again, with a market value of more than four million US dollars.

PESTO on Ethereum was born on the 20th. After going online, it increased by more than 20 times in 24 hours, and then began to fall sharply. Until noon today, it suddenly started to rise, and the increase in two hours was nearly 8 times. The current market value is 1.83 million US dollars. Compared with Solana, PESTO on Ethereum has a weak momentum. The transaction volume since its launch is only more than 6 million US dollars, which is less than one-third of Solana.

But yesterday, Time magazine and 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 were many “thigh-slapping” moments. First of all, we need to remain sensitive to the market at all times in order to seize alpha opportunities.

The hippopotamus MOO DENG spread very quickly in foreign communities and was reported by many media in a short period of time. For the meme market, which is already keen on cats and dogs, cute animals are suitable as hype targets. On September 17, X officials also used the hippopotamus emoji package as a tweet. At that time, the market value of MOODENG was about 6M. Even if you bought it at that time, it would have increased 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 come into view, we can analyze them from two aspects: narrative heat and chip structure. In the early stage of token development, we can observe the addresses with large transactions when the token price rises, and analyze the speed of token increase and changes in transaction volume.

After holding meme coins, you need to pay attention to stop profit in time. Because the factors that affect the rise of tokens are difficult to predict, just like MISHA was originally considered by the community to be Vitaliks 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 drops of about 40%, and many early holders sold out or even cut their losses. As a retail trader, timely profit-taking 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 market opening, and then sold 10 times in the following two weeks, accounting for half of the holdings, making a profit of $100,000 and unrealized profits of more than $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 dog-rushing decision-making, finding a trading logic that suits you is the most important thing.

This article is sourced from the internet: The Internet celebrity animal meme wave is coming, the hippopotamus MooDeng has increased a hundred times in ten days

Related: Why L2 Won’t Make Ethereum Deflationary?

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