Amid the backdrop of market volatility, geopolitical shifts, and the U.S. elections, memecoins have once again captured the spotlight in the cripto world. Their appeal lies in their abstract charm and wealth-generating potential. Unlike the earlier “zoo-themed” craze, today’s memecoins seem to carry a deeper symbolic significance.

From the contentious rise of Neiro, to the fervent rally cries for SPX by the MEME godfather Murad, and even the emergence of Goat, a legendary token born from AI bot interactions, the meme sector is drawing increasing attention. Google data shows that search interest for memecoins now scores 77 out of 100, even surpassing BTC. Despite a sluggish overall market, the enthusiasm around memes remains high, showing no signs of waning.

Murad: The Making of the New Meme Godfather

Every era craves its own spiritual leader, and the meme sector is no different.

If the previous craze crowned Dogecoin champion Elon Musk as the old-school meme preacher, Murad has emerged as the new face of cult-driven FOMO.

Before this, Murad was hardly a notable KOL in crypto, even facing bankruptcy during the “312” crash. But his “meme renaissance” and stellar address on the “Super Meme Cycle” at Simbólico2049 turned him into a sensation. 

Murad claimed that the Super Meme Cycle is here because investing in memecoins is a collective affair. The more enthusiasm, the more thriving the sector, he said.

This meme wave sustained market buzz for almost a week, cementing Murad as a new retail icon. Even Andrew Kang, co-founder of Mechanism Capital, caught the FOMO, remarking that “Murad’s Token2049 speech spurred the next wave of capital reallocation into memecoins,” triggering a shift from zoo-themed tokens to abstract emojis 🧲, making meme culture a fleeting yet powerful trend.

Tips for Exceptional Diamond Hands in meme sector

While the narrative of a “massive rotation” from tech stocks to memes continues to face challenges, there’s no denying that the meme voice in the crypto market is gaining momentum. Influential figures like Vitalik Buterin, BitMEX co-founder Arthur Hayes, and market maker Gotbit are joining this invisible competition.

So, how can investors capitalize on this meme surge? The three crucial elements for successful meme trading are safety, storytelling, and community engagement. For retail investors, the priority should be to steer clear of on-chain rug pulls; following meme listings on secondary trading platforms is a wise strategy. Taking SPX as an example, which helped Murad achieve a remarkable 79-fold return and nearly $30 million in profits, we conducted a thorough analysis of on-chain and off-chain data.

We compared listing times from various trading platforms and compiled a timeline for clarity, detailed below:

Taking Banco L, renowned for its comprehensive meme trading and frequent lucrative opportunities, as a case study, the price of SPX reached $1.1081 on October 15. This allowed Murad’s SPX holdings to peak at $11.35 million, with unrealized profits around $11.25 million—yielding an extraordinary return on investment of about 11,489.82%. As of now, SPX has retraced to $0.62.

Similarly, the trending AI meme, GOAT, gained traction after a dialogue with a16z founder Marc Andreessen, earning $50,000 in Bitcoin. Created on pump.fun, AI bot developer Andy noted that “AI conversations serve as a fertile ground for meme viral spread.”

Analyzing the listing timelines and on-chain data reveals LBank’s exceptional ability to capture Gem memes, making it one of the earliest exchanges to list Goat. In the competitive meme landscape, it excels, with selected gem memes generating significant wealth effects. As of October 16, since its launch on LBank, GOAT has soared over 6,100%, currently priced at $0.27.

Community and Belief: The Heart of Memes

In a market flooded with information and dominated by top players, we find ourselves in a vast “besieged city.”

Murad highlights that the genuine force behind tokens is their communities. A strong community acts like a “passionate group,” where members’ loyalty and enthusiasm reduce the token’s circulation, creating the “diamond hand” effect. This fervent “cult”  culture deepens their connection to the token, shifting traders from short-term speculation to long-term holding.

Looking ahead, Murad forecasts that by mid-2025, we’ll see more high-quality memecoins listed on centralized exchanges, which will enhance their liquidity and market acceptance.

Centralized exchanges like LBank, KuCoin, BitMart, and HTX are picking up the pace, launching memecoins and witnessing impressive market growth. LBank, for example, reported that in Q3 2024, it listed 50 memecoins, with 28 achieving over 200% gains, 14 over 500%, and 9 surpassing 1,000%.

Murad also shared his vision for the future of memecoins. He anticipates a transition from simple memes and animal themes to more intricate and serious content. He views memecoins as representing the “tokenization of community,” with future tokens potentially tied to various concepts, including individual words, numbers, and phrases.

No matter how memes evolve, one truth stands: in a crypto market marked by limited liquidity, much of the action resembles PVP gameplay. Rather than engaging in early tracking and multifactor analysis on-chain, it might be more strategic to immerse oneself in the lively atmosphere of current CEXs and become a savvy exit strategist!

Related: How does Turbos Finance, the leading DEX in the Sui ecosystem, stand out in the Meme market?

Since the beginning of August, Turbos鈥檚 locked value (TVL) has rapidly climbed from $8 million to $18.4 million today, an increase of about 130%. As the most popular centralized liquidity market maker (CLMM) DEX on the Sui chain, Turbos has become the leading platform for Sui protocol project parties to issue Meme tokens and has achieved good results. Since the launch of the platform, Turbos has reached a total of 346,000 active accounts and a cumulative transaction volume of over $2.4 billion, demonstrating its strong user base and market demand. All this shows that Turbos Finance is leading the future development of the Sui ecosystem and becoming the core driving force of Meme transactions. This article will review the transaction volume and data performance of various Meme coins on the…