With a 50-fold increase in one month, meme coins unlock new operating methods: selling peripherals + game servers | Web3 scam today

BlockBeats mentioned the meme coin $abcde in today's update of "Alpha Morning Report｜All the Market Trends and Information You Need to Know on September 11". It has increased by more than 50 times in less than a month since its launch, and has increased by 3 times in the past four days, with a maximum market value of 3.4 million US dollars.

abcde is a memecoin project named after the letters "abcdefghijkmnopqrstuvwxyz". Generally speaking, it is rare for meme coins to maintain an upward trend in a cycle of nearly one month. They either rely on the popularity of the narrative they belong to or on the constantly cohesive community culture. abcde belongs to the latter. After a 24-hour increase of nearly 80%, abcde has received more attention, and it may not continue to maintain an upward trend afterwards. But from an operational perspective, abcde's operating methods are of reference significance to the community's search for the next alpha meme.

Operating servers, selling peripherals, and donating wells

The abcde project operates a Minecraft server, abcde craft, and has opened an official Twitter account for this server. It is said that by August 30, its operating status had turned from loss to profit, with an income of $100. As of writing, there are 171 members in the abcde craft discord community, and a season event with a prize pool of $100,000 is currently being held.

According to abcde's introduction, its ultimate goal is to gradually reduce the supply of tokens through the revenue of its product lines (including game servers such as Minecraft and Roblox), and plans to add servers such as CS Surfing and Rust in the future.

In addition to game servers, abcde officials also stated that they will be involved in 3D models, comic books, peripheral products, A-Z learning cards and other profit channels. For example, on September 2, ABCDE launched a product sales channel, selling a series of abcde peripheral products from backpacks, hats, sweatshirts to mouse pads, water cups, etc.

These "businesses" are mainly to show holders the source of funds for the project party to repurchase tokens. In addition, abcde has also promoted charity work and cooperated with the Bitcoin Mandela Foundation to donate a well in a village in Nigeria, providing local residents with drinking water for the next 30 years. In the document, abcde also stated that it will continue to implement charitable initiatives such as renovating schools and sponsoring sports teams in the future.

After Vitalik sold all the meme coins he held last month and donated the proceeds to charity, charity has become a popular way of operation for various meme coin teams in recent times.

Position chips and team background

The abcde team said that 7.2% of the tokens were destroyed when it went online, and the first two holders were directly marked in the document, indicating that one of them had locked the tokens through Lockedsupply.fyi (a locking protocol supported by Coinbase). The abcde project also announced that it would repurchase and destroy the tokens every 120 days based on product revenue.

According to gmgn and Dexcreener data, 61 of the top 70 buyers of abcde have sold all of them, and the current position share is 0.96%. The current large-scale buyers are AyXeD...Emh and 7QpAx...dya. Both are early buyers of abcde. They quickly exited after early entry and profited, and then increased their positions in batches. Before abcde rose 80% in 24 hours yesterday, these two addresses also had two positions each.

In addition to operations, the most important reason why abcde can maintain its popularity is that there are several KOLs who call for orders for it. In early September, @dillyxcooks with 13K followers, @beaverd with 15K followers, and @orangie with 142K followers all posted tweets about abcde.

BlockBeats found the presence of divine farmer (@shouldIgothere), the developer of abcde, in the KOL interaction area of these callers. A few days before these KOLs posted related tweets, divine farmer recommended abcde many times in their comment area and hoped to join @orangie's community.

In addition, divine farmer was a loyal community member of meme coins mog and wojak before launching abcde. He frequently published related content and interacted with the meme community, which to a certain extent laid a good foundation for his operation of the abcde project.

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