A review of Memes 2024 Person of the Year: Scammer, Big Operator, and King of Sales…

Original author: Arain, ChainCatcher

In 2024, the Memecoin track emerged as a dark horse, and it grew into a super cycle amid mixed reviews, which surprised many Old Money investors.

In the Memecoin trading battlefield, there are genius scammers who set up wealth traps with cunning means, big players who play the game in the market with precise judgment and operation, influencers who use their influence to bring traffic to tokens, and order-calling kings who influence market trends by shouting orders… These annual figures took the stage and jointly created the Memecoin carnival feast.

Alon

Without the Meme launch platform Pump.fun, this Meme feast carnival might be half as much. So in this sense, Alone is the key figure in launching the Memecoin craze in 2024.

Alon created and launched the Pump.fun platform in January 2024, providing a place for users on the Solana blockchain 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 some of the larger ones, such as Billy, Michi, Shark Cat, etc. The platform also laid the foundation for the mass production of celebrity Memecoins, such as Lggy Azaleas MOTHER token, Andrew Tates endorsed DADDY, and Jason Derulos JASON.

Although mass production 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 a profound impact on the development of the entire Memecoin ecosystem.

Murad

One of the top Memecoin KOLs in 2024, and known as the Meme Theologian.

Murad has two major achievements. One is his successful investment in $SPX, and the other is his fame for proposing the Memecoin Supercycle theory.

The content of the Memecoin Supercycle theory Murad believes that Memecoin is acquiring attributes and speculative premiums from value coins and will enter a Meme super cycle, that is, Memecoin will not only surpass traditional cryptocurrencies, but will also change investor behavior and market trends. Memecoin will evolve from a simple online joke to a legitimate investment asset with enthusiastic followers.

When Murad first held $SPX, the market value of the currency was only $10 million. Now it has soared to more than $700 million, with a floating profit of up to $8.3 million. While holding the currency, he actively spread investment ideas on Twitter. His holdings and shouting behavior have had a certain impact on the price trends of these currencies, and have also attracted the attention and follow-up of many investors. In addition to $SPX, Murad also holds giga, pepe, sigma, apu and popcat, and prefers the cult attribute Memecoin with a medium to high market value.

According to Murads own summary, he mainly adopts the Price and Belief Index investment strategy, which believes that investors should look for projects with high belief but low price, that is, Memecoin that is undervalued but meets most of the screening criteria. These projects usually have only one or two indicators that are not up to standard, are easy to improve, and have extremely enthusiastic community support.

After appearing and speaking at Jeton 2049, Murad’s status in the Memecoin circle has reached a new level. Due to his systematic Memecoin investment and strategy, more investors have begun to study Memecoin – even including some VCs.

Ansem

Another KOL among the top Memecoin KOLs in 2024 can be ranked alongside Murad.

But compared to Murad, Ansem has a heavier trading label and believes that technical analysis is more important than fundamental analysis. Ansem has attracted market attention mainly because of his investment in BONK and WIF. On October 30, 2023, Ansem posted X bonk great coin on social media and recommended BONK for the first time. At that time, the price of BONK was only 0.0000005618 US dollars. Then BONK skyrocketed. By March 2024, the price of BONK once exceeded 0.000045 US dollars, an increase of more than 80 times.

As for WIF, it can be said that Ansem has called for a market value of 3 billion step by step. On December 12, 2023, Ansem said on social media that only WIF has the potential of SHIB, and on December 16, he issued a post WIF = SHIB. In the following 4 months, the price of WIF soared from $0.09 to a record high of $4.85, an increase of more than 520 times.

Due to frequent recommendations of small-cap Memecoins that caused followers to lose money, Ansem is currently facing some lawsuits. Other KOLs accused Ansem of openly cutting leeks. In response to the accusations, Ansem said that he was only choosing the best transactions in the market and could not ensure that every transaction would be successful, but he helped more people than hurt them. Some analysts backtested the investment returns through Ansems past recommendations and found that most currencies would have negative returns if purchased after Ansems recommendation.

Sahil Arora

Because he was attacked by many celebrities, when the incident was exposed, this scammer from India caused a sensation in the market and caused losses to a large number of investors.

Sahil Arora is a serial entrepreneur who started several crypto projects from 2020 to 2023. Although they ended in failure, they made him a lot of profit.

In 2024, Sahil Arora found a business opportunity in Memecoin, using his influence and certification marks on Instagram to contact many celebrities and cooperate with them to issue tokens. He helped these celebrities issue Memecoin, usually holding 25%-40% of the token supply, and quickly sold the tokens after the celebrities’ tweets were released, using the investment of celebrity fans as his exit liquidity.

Par exemple:

• Spending $200,000 to hire Jason Derulo to tweet about the token;

• Signed a contract with Caitlyn Jenner to issue the JENNER token for her, and agreed to pay a $50,000 advance 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 had deceived her and owed her a lot of money;

• Tokens were issued for celebrities such as Rich the Kid and Lil Pump, who also complained about similar experiences;

Data company Bubbleworks, through data analysis, believes that Sahil Arora has earned about $30 million this year by issuing Memecoin on behalf of celebrities.

Lggy Azalea

Lggy Azalea, a famous Australian rapper, should be considered the leader of the celebrity Memecoin trend in 2024. In fact, Sahil Arora also had an idea about Lggy Azalea and wanted to help her issue Memecin $LGG, but it was not very successful.

Lggy Azalea decided to issue Memecoin herself. The reason was that she found someone pretending to be her on Telegram to issue coins, so she simply launched the token MOTHER on Pump.fun on May 28, 2024, and focused her X account with 7.6 million followers on promoting MOTHER coins, deleted all posts before May 29, published 2,245 posts about MOTHER, placed a link to MOTHERs Telegram channel on Instagram, and suspended her OnlyFans, directing fans to the Telegram channel. Within a week of the release, the price of MOTHER coins soared 1,200%.

Subsequently, Lggy Azalea appeared in Spaces of multiple communities, interacted with community members, responded through voice messages, and appeared on the ThreadGuy podcast to share her insights on cryptocurrency and Web3.

As Memecoin became more and more popular, Ethereum founder Vitalik Buterin expressed dissatisfaction with the celebrity Memecoin craze, believing that these coins were only for the purpose of enriching celebrities and early users and had no practical use. Lggy Azalea then took aim at Vitalik, posting a spoof picture of herself holding Vitaliks baby, saying he was angry and hungry. The price of the random $MOTHER token once rose by 150%, and also led to the family token trend, with tokens such as $DADDY and $SON rising accordingly.

Lggy Azalea doesnt just do things like scolding Vitalik Buterin. After scolding Vitalik Buterin, she opened an online store, allowing T-shirts and other products to be purchased only with MOTHER. She also announced that MOTHER or SOL can be used to purchase mobile phones, purchase mobile phone data plans on a monthly basis, etc., to avoid the value of $MOTHER being empty.

Caitlyn Jenner

Caitlyn Jenner is an American flag TV show celebrity and former track and field athlete. Like Lggy Azalea, Caitlyn Jenners own media influence and public image attracted more people to pay attention to memecoin, but the difference is that the Memecoin issued by Caitlyn Jenner was not successful, and she was eventually sued by investors.

In May 2024, Caitlyn Jenner issued a token called $Jenner on Pump.fun, and posted a photo of her shaking hands with Trump on her Twitter account with a link to the $Jenner token. She also circled several well-known crypto KOLs and called them crypto kings. Later, she posted a Story about the $Jenner token, which was also forwarded by her agent Sophia.

Since Caitlyn Jenner had not been involved in the crypto field before, her fans suspected that her account was stolen. However, Caitlyn Jenner said that her account was not stolen, and released a video showing her face to refute the rumor, saying that $Jenner was indeed released by her team.

During the period when the price of the currency fluctuated greatly due to various doubts, Caitlyn Jenners Twitter account held a Space, and her agent Sophia planned to personally refute the rumors in Space. However, Sophia said in Space that the team might 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 issue other tokens, it did not help.

According to Lookonchain monitoring, Caitlyn Jenner earned 2,381 SOL (about $405,000) in the past 4 days of May 2024 by launching 12 MEMEcoins on Solana.

On November 13, 2024, Naeem Azad and Mihai Caluseru, as citizens of the United Kingdom and Romania, respectively, filed a class action lawsuit in the California federal court, accusing Caitlyn Jenner and her manager Sophia Hutchins of fraudulently soliciting investors to purchase unregistered securities, causing them to suffer significant losses.

Caitlyn Jenner spent her own fans value for $400,000 and got into legal trouble. I wonder if she feels that its not worth it?

James Wynn

The new king of shouting orders of the year, he once made 25 million US dollars by investing heavily in PEPE, but he also failed because of his ugly behavior.

James Wynn quickly bought PEPE coin within 1 day after it was launched, and placed a large number of orders on Twitter. On April 16, 2023 alone, he released at least 24 promotional contents about PEPE coin, which helped increase the popularity of PEPE coin on social media and attracted more attention from investors and the Meme community.

On May 1, the price of PEPE coins rose 100 times compared to James Wynns cost. James Wyn was found to have transferred his PEPE coins to multiple new addresses, and gradually aggregated the assets to the main wallet jwynn.eth through multiple wallet addresses, and finally transferred funds to the exchange address. According to media statistics, James Wynn earned about $25 million from the surge in PEPE tokens, with a principal of only $7,644.

Subsequently, James Wynn began to call for ELON tokens. On April 24, 2024, James Wynn posted a tweet on Twitter, I think I have a 1000x for you, who wants it? One hour before posting the tweet, he had just completed the layout of two accounts in ELON tokens, and then announced the relevant information of ELON tokens. The price of ELON tokens rose nearly 100 times in a short period of time.

On April 27, the price of ELON suddenly dropped by 70%. James Wynn then announced on Twitter that he had cleared his positions and said that there was something wrong with the ELON token. In fact, he had already cleared his positions at another uncommon address at 3:00 on the 25th, and his clearing behavior led to the collapse of the ELON coin. According to statistics, during this operation, both of James Wynns accounts were in the top ten of the profit list, with a profit of about $350,000.

James Wynn’s liquidation behavior directly led to the collapse of ELON prices, which destroyed James Wynn’s image in the community and he was accused of cutting leeks.

Justin Soleil

Such a grand ceremony of figures must include Brother Sun.

In August 2024, TRON launched SunPump Beta, claiming to be the first Memecoin platform in the TRON ecosystem with the concept of fair issuance. SunPump can be understood as a benchmark for Pump.fun. Although TRON claims that SunPump is not Sun Yuchens project, in the minds of the public, Sun Yuchen will still be associated with SunPump.

After SunPump was launched, Justin Sun spared no effort to promote it, and published an article predicting that the TRON chain will soon give birth to Memecoin with a market value of more than 1 billion US dollars, saying that TRON is a deep integration of Meme culture.

In addition, Justin Sun has also made investments in other areas of Memecoin, such as investing $10 million in Shib Ultra, a forked token of Shib, making him the largest investor in the project.

In 2024, Sun Yuchens most popular event on Memecoin was the Expensive Banana incident. He bought the conceptual artwork The Comedian (a banana taped to the wall) by Italian artist Maurizio Cattelan for $6.24 million and ate it during a live broadcast to pay tribute to Meme culture, thus triggering public discussion on Meme culture. Through this event, he successfully combined art with Meme culture and expanded the circle of Meme.

Elon Musk

Elon Musk is already a heavyweight in the cryptocurrency circle. Although he did not deliberately promote the historical process of Memecoin, he certainly has a role to play in the development of Memecoin. Elon Musk believes that meme is a modern art that can efficiently convey information and emotions. He once said, Whoever controls the meme controls the world. This sentence reflects his understanding of Meme culture.

Elon Musks most widely known Memecoin investment is Doge. In 2020, Musk began to frequently post content about Dogecoin on Twitter, such as dogetothemoon and other tweets, pushing Dogecoin from a relatively niche cryptocurrency to the vision of global investors. In early 2021, Tesla CEOs tweet doge plus a rocket emoji caused the price of Dogecoin to soar, breaking 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 icon of X to a Shiba Inu, and Dogecoin rose by 30% on the same day. In 2024, Musk paid tribute to Kabosu, the original dog behind the Dogecoin meme, in the X post, triggering a bullish trend in Dogecoin.

In addition to Dogecoin, Musk also has no intention of promoting some Memecoins (note that this is different from shouting orders):

• In December 2023, Musk announced the launch of the first AI model GROK, and the Memecoin of the same name was subsequently established, which increased fivefold in two days (but it was revealed that GROK was created by a scam artist, and the coin later plummeted);

• On January 9, 2024, Musk changed his Twitter profile to (CTO) Chief Troll Officer, and the price of TROLL coin soared;

• On January 16, 2024, Musk released a meme picture. Because the text on it contained meme and smiley elements, the price of SMILEY, a token previously deployed on Ethereum, rose accordingly, with a one-day increase of up to 895%;

Musks words and deeds have attracted much attention in the cryptocurrency circle. The market often sees a large number of Memecoin creations with him as the theme 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 profile picture to a meme image similar to Pepe the frog, and directly changed his name to Kekius Maximus. PEPE rose in response, and multiple memecoins with the Kekius Maximus concept also began to soar in a short period of time.

Donald John Trump

The incoming US President and former president, Donald John Trump, is often compared with Musk and brings some Memecoin trading opportunities. At least so far, Donald John Trump is the one who is caught in the crossfire.

In May 2024, at the Trump Card NFT Party held at Mar-a-Lago, when a participant introduced him to the boden meme coin with a market value of $240 million, Trump said, I dont like that investment. But then, the meme coin rose 25% on Wednesday, reaching a high of $0.42.

On August 12, 2024, a trader allegedly spent 0.052 ETH (about $96 at the time) to purchase 608,650 TRUMP tokens for the Trump-related $TRUMP Memecoin. By June 2024, the coins market value had soared to $788 million.

This article is sourced from the internet: A review of Memes 2024 Person of the Year: Scammer, Big Operator, and King of Sales…

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