After Trump's basic confirmation as the elected President of the United States, Bitcoin continued to launch a surge. After Bitcoin's market dominance reached 60%, this time the surge was different from previous ones in that there was no "sucking blood from altcoins," but rather a collective increase. Web3 investment players also seem to have noticed that chasing Bitcoin at the moment is not the best choice. Instead, it is better to choose clearly oversold altcoins. Many altcoins are currently in a stage of undervaluation. Among them, the most rebounding is undoubtedly the Meme coin.

As Murad stated in a social media post, "Understanding Meme as an unstoppable tokenized community is a true understanding. We are in the early stage of the Meme coin supercycle."

The top-tier CEX Binance has recently listed many Meme coins. Meme's culture is still in a stage of continuous development, from the earliest Meme coins Doge, Pepe, these already very prominent internet animal meme images, and their "related products" like Bome, to the recent hot new concepts "AI Meme" GOAT, ACT, and some new animal meme images, Neiro, Mew.

In this article, we will extensively compare the rebound situation and current market value of these Meme coins since Trump took office.

"Dog" Series

DOGE

As the earliest Meme coin, DOGE is the beginning of meme culture, with Elon Musk's endorsement behind it. Elon Musk once stated that he would make DOGE reach a single coin price of $1. Trump's successful election campaign was inseparable from Elon Musk's "gold medal assistant" effect, and the market's speculation on DOGE was extremely heated. Since the crypto market reacted to Trump's election campaign, from November 5th during the U.S. trading session, DOGE has risen by a maximum of 78.19%, with a market value currently reported at $411.41 billion, currently ranking sixth on the market cap leaderboard.

NeiroCTO&Neiro

Neiro, as the new Shiba Inu taking over after Doge's passing, has been very popular since its inception. Many in the market believe Neiro will replicate Doge's riches. After migrating to Ethereum, there was even a case of controversy between uppercase and lowercase. Since the crypto market reacted to Trump's election campaign, from November 5th during the U.S. trading session, NeiroCTO has risen by a maximum of 119.71%, with a market value currently reported at $10.2 billion. Neiro has risen by a maximum of 60.77%, with a market value currently reported at $93.86 million.

WIF

DogWifHat can be considered the best-performing meme coin of 2024 on a CEX after its listing at a price of $0.3 on Binance Smart Chain. After a brief consolidation phase, it reached a high of $4.8, representing a 16x increase. Legendary trader Nachi made over $20 million in profits from WIF. WIF is currently the largest Solana ecosystem meme coin in terms of market capitalization and is considered the flagship meme within the Solana ecosystem. Since the cryptocurrency market reacted to the Trump campaign, WIF has seen a 54.44% increase in value since the U.S. afternoon session on November 5, with a current market cap of $3.01 billion.

「Frog」 Series

Pepe

Pepe is a highly popular meme on the Ethereum network in 2024. The frog, Pepe, has been widely recognized on both Web2 and Web3 networks. As an old meme, its performance this year has been outstanding, especially during the Bitcoin bull run in February and March. Since the cryptocurrency market reacted to the Trump campaign, Pepe has surged by 59.45% since the U.S. afternoon session on November 5, with a current market cap of $5.1 billion.

Bome

Bome is a Solana-native "golden dog" in 2024, originating from an artist's artistic creation of a Book Of Meme featuring a frog. The book aims to document all aspects of meme culture and set a record for reaching the top CEX within three days. Since the cryptocurrency market reacted to the Trump campaign, Bome has surged by 40.00% since the U.S. afternoon session on November 5, with a current market cap of $640 million.

「Other Animals」

RATS

RATS is an inscription on the BRC-20 that many consider to be the "most viral meme." After SATS and RATS were listed on Binance, the popularity of the inscription gradually declined. Following a brief surge, it began to decline. During the "Anti-VC Frenzy" in June, RATS surged by 70%, but ultimately, it did not sustain its momentum. Since the cryptocurrency market reacted to the Trump campaign, RATS has surged by 56.22% since the U.S. afternoon session on November 5, with a current market cap of $1.21 billion.

MOODENG

MooDeng is a cute hippopotamus in a Thai zoo, and both the Thai Embassy in Tokyo and the cosmetics company Sephora Thailand have interacted with it. In addition, well-known media outlets such as CNA (ChannelNewsAsia), US TODAY, NBC, and others have recently published featured articles on the buzz generated by Moo Deng. It has also been the top-ranking token launched on a pump. Since the cryptocurrency market's reaction to the Trump campaign, on November 5th during the U.S. trading session, it has surged by up to 199.94%, with a market capitalization of $351 million.

Pnut

Pnut is the name of a small pet squirrel that mechanical engineer Mark Longo adopted over seven years ago after witnessing its mother's unfortunate death in a car accident. On October 30th, New York State Department of Environmental Protection officials arrested and euthanized Pnut without a search warrant. Pnut was considered an "illegally kept wild animal," a notion not widely accepted by the public. The U.S. satire news website Babylon Bee stated, "MAGA hat-wearing radical squirrels have begun to revolt." Elon Musk has also expressed support for Pnut several times on social media. The controversy surrounding Pnut has turned into a fierce denunciation campaign against the Democratic Party, even becoming a tool for political rivalry. At 13:38 Eastern Time on November 11, 2024, Binance announced the listing of Pnut, causing a significant surge where its price nearly quadrupled.

「AI Meme」

GOAT

GOAT, short for goatseus maximus, was thought up by truth_terminal (an AI Bot that was once invested $50,000 in Bitcoin by a16z founder Marc Andreessen). As a flagship AI meme, it has the support of many legendary traders such as Eugene Dove and Nachi. After a slight pullback upon its listing on Binance, it quickly experienced a V-shaped recovery. Since the cryptocurrency market's reaction to the Trump campaign, on November 5th during the U.S. trading session, it has surged by up to 90.5%, with a market capitalization of $840 million.

ACT

ACT is a coin that helps and brings ampdot's work to the forefront (ACT 1), as ampdot is Chad Brokie's researcher, and his work is transforming the space of artificial intelligence social agents. At 13:38 on November 11, 2024, Beijing time, Binance announced the listing of ACT. ACT responded with a sharp rise, with the highest increase approaching 10 times. AI Meme's "Dragon II" seemed to make a definitive judgment after this announcement.

Whether it is the most original and recognized narrative of meme culture, the "animal narrative," or the emerging new narrative AI meme; whether it is the so-called "old meme" or the recently released "new meme." We can easily see that meme culture has always been a highly market-receptive narrative. Most meme coins in CEX have outperformed most other altcoins in the rebound against Bitcoin.

As Murad said, we are experiencing the Meme SuperCycle. Meme coins are undoubtedly a very important part of asset allocation in Web3. Both decentralized and centralized exchanges are catching up with the trend of meme coins, and meme coins have also "generated outstanding wealth effects." In our journey through the Meme SuperCycle, we can increase our focus on memes for a longer period of time, search for new narratives on-chain, which could be the new development of AI memes or entirely new stories; seek meme coins with stronger market consensus in CEX and obtain Alpha returns surpassing BTC.

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