Original Article Title: QUANT, TRUMP and DOGE: Memecoins as Humanity in Action

Original Source: Binance

Original Translation: TechFlow

Key Points

· Like the recently launched presidential $TRUMP token, a Memecoin is a cryptocurrency born out of internet culture, highly reliant on community engagement, and typically garners attention through humor and viral spread.

· This article will delve into the recent QUANT Memecoin event and, in conjunction with some other well-known cases, analyze the human and cultural logic behind the Memecoin phenomenon.

· The peculiar and high volatility of Memecoins actually reflects the wondrous irrationality in human behavior.

If there's anything that seems like it's straight out of satirical news, it's the fact that former President Donald Trump has launched his own Memecoin—$TRUMP. This token went live just three days after his inauguration, promising "huge" returns and a "bright" future—after all, in his dictionary, everything he touches is the "best." Leveraging a series of patriotic-themed memes, his iconic facial expressions in NFT form, and the slogan of being the "most stable token in history," $TRUMP has ignited a frenzy in the cryptocurrency community. Currently, the token's price has surged over 10,000%, with a fully diluted valuation reaching $710 billion, a stunning achievement that even left Binance co-founder CZ bewildered. Just two days later, Trump's wife Melania also launched her own $MELANIA Memecoin.

Whether these tokens will become the next financial phenomenon or merely end up as a joke is still up for debate. However, one thing is certain: When the first couple of a superpower country is involved, Memecoin is no longer a niche curiosity but a fully-fledged cultural eruption.

Source of the 45th U.S. President's Memecoin: X

Today is the perfect time to dive deep into the world of Memecoins. This article will take QUANT Memecoin as an example to explore its underlying success logic and cultural significance.

QUANT: How a 13-Year-Old Online Sensation Sparked a Mini Financial Revolution

The beginning of the story, like most Memecoins, started as a joke.

On an ordinary night in November 2024, a 13-year-old Gen Z streamer sat at his desk, live streaming to a small but loyal audience. His "weapons" included: a sense of ironic humor, acute insight into crypto trends, and a strong interest in memes. His "grand plan"? To launch a Memecoin called QUANT using the Pump.fun platform, which is based on Solana. On this platform, creating a cryptocurrency is almost as easy as registering for an Instagram account.

In a matter of minutes, QUANT was officially launched. The young creator showcased his full potential as a savvy crypto prankster. As a group of token holders rushed to buy QUANT enticed by the hype of the "next Memecoin hot project," he swiftly executed the classic move in the crypto world— a "Rug Pull." He sold 51 million tokens for $30,000 worth of SOL. He then smirked proudly in front of his audience, closed his laptop stylishly, resembling a villain in a low-budget heist movie.

Source: Chaincatcher.com

This little guy even flipped the middle finger provocatively before the Rug Pull

Source: Chaincatcher.com

In the world of Memecoins, a Rug Pull is nothing new. However, what happened next turned QUANT from a brief joke into an unprecedented mini financial and cultural revolution.

This Rug Pull did not go unnoticed as the teenager might have expected. Instead, it sparked community outrage. Angry traders decided to seek "revenge" in typical Memecoin fashion: they joined forces to drive the token's value to new heights.

Through collective action, the QUANT community managed to increase the token's market cap to $22.6 million in just 15 hours. The token that the teenager sold for $30,000 quickly surged to a value close to $4 million. Ironically, the teenager behind the Rug Pull could only watch as his token became the hottest Memecoin of the moment, unable to profit from it.

Meanwhile, the cryptocurrency social media scene—Twitter, Reddit, and Telegram—was flooded with all sorts of jokes, memes, and conspiracy theories. On that day, #QUANT became a trending hashtag, perfectly showcasing all the traits of the Memecoin market: absurdity, community-driven initiatives, and extreme unpredictability.

As QUANT's popularity continued to soar, cryptocurrency enthusiasts swiftly did what the internet does best: they exposed the teenager's real identity. His personal information, including details about his family, was leaked online. What started as a seemingly harmless financial prank eventually turned into a cautionary tale about the dark side of Memecoin reputation.

However, in the face of such a strong backlash, the 13-year-old teenager showed no fear. Instead of backing down, he doubled down and launched additional tokens, such as $Lucy named after his dog, and a token called $Sorry, continuing to profit from the Memecoin speculation frenzy. By the end of 2024, this teenager had become a classic anti-hero in the Memecoin world: both clever and daring, adored and loathed by people.

During that brief period in November 2024, QUANT seemed unstoppable. But like all Memecoins, its value fluctuations and community enthusiasm were just as unpredictable. After a brief moment of glory, QUANT's price began to plummet sharply. From its all-time high of $0.0633 to its current value of $0.00075, its worth has plummeted by a staggering 98.8%.

Ultimately, the rise and fall of a Memecoin depend entirely on community attention. Once the anger and buzz surrounding the Rug Pull started to fade, the market's interest cooled off as well. Those who cashed out during the QUANT craze made a fortune, while latecomers had to bear the brunt of the crash. Today, QUANT has become a part of digital history—showcasing both the potential and risks of Memecoins.

Journey Through the Psychedelic Jungle of Memecoin

In this chaotic and meme-filled world of the internet, Memecoin has become one of the most fascinating social phenomena. Unlike traditional currency symbolizing economy, stability, and rules, Memecoin thrives on humor, viral dissemination, and community-driven chaos.

Memecoin is a unique cryptocurrency that, rather than being a product of technological innovation, can be better described as a crystallization of internet culture. Unlike Bitcoin, hailed as "digital gold," or Ethereum, supporting decentralized applications, Memecoin is fundamentally a digital joke but has transformed into a financial meme through the power of the community. Its value does not stem from practical use or scarcity but rather from the community's shared sense of humor and trust in this joke.

The story of QUANT is just a microcosm of this phenomenon. In this phenomenon, Tokens were initially created just for laughs, but with the magical power of the community, they often metamorphose into popular tools for speculative trading.

At the core of every Memecoin is its community. From obscurity to price "mooning" (more commonly plummeting to the "dumpster"), a Memecoin's fate is entirely dependent on the collective enthusiasm of its believers. Platforms like Pump.fun further lower the barrier to entry. Through its user-friendly interface, anyone can create a Token, customize its branding, and share it within their social circles.

Meanwhile, the greatest frenzy is happening on Twitter and Discord. On these platforms, Memecoin enthusiasts gather to exchange humorous memes, plan the next "moonshot" operation, and unabashedly promote their new favorite. It is these platforms and their chaotic communities that have turned Memecoin into a force that is both absurd and undeniable: it is both a joke, an economic experiment, and a true reflection of internet culture.

The launch of $TRUMP Memecoin is a textbook example of cultural brand building, perfectly showcasing how Donald Trump has crafted himself into a symbol and phenomenon. He leveraged his global influence as a politician, celebrity, and businessman, demonstrating a unique ability to maintain relevance in the era of internet viral propagation. This Memecoin may further solidify his status as a cultural disruptor, adding a vibrant touch to his legend in an era where influence is treated as currency.

Next, let's take a look at another 2024 Memecoin sensation: FARTCOIN. Originally conceived as a playful jab at crypto culture, this token unexpectedly became a serious player in the market. With a hilarious name, FARTCOIN attracted a loyal following, transforming the token into a cultural symbol. Its success once again proves the allure of Memecoins: they don't need logic, just the ability to make people laugh out loud.

Another shining star of 2024 is MOODENG, whose rise was fueled by a significant donation from Ethereum co-founder Vitalik Buterin to wildlife conservation. Named after a pygmy hippo that went viral in Thailand, this token cleverly rode the wave of internet trends and influencer philanthropy. This powerful alliance deeply touched the crypto community.

When discussing Memecoins, one cannot forget their "originator": Dogecoin. Initially a humorous homage to the Shiba Inu meme, it has now grown into a cryptocurrency empire. Dogecoin has traversed the path from an internet joke to mainstream currency, serving as the prime digital testament to the power of community faith.

Dogecoin's most prominent supporter, Elon Musk, has infused it with his signature flair. From declaring intentions to use Dogecoin on Mars as a circulating currency to proposing the establishment of a "Department of Government Efficiency (DOGE)" to manage the federal budget, Musk's backing has transformed Dogecoin from a simple internet joke to a cultural symbol of the contemporary digital age, embodying the dream of technology.

The Golden Rule of Memecoins

For the average user, engaging with Memecoins is more like a high-risk experiment in collective psychology. The first principle users must remember is that these tokens completely disrupt traditional investment logic. Their success does not rely on utility or intrinsic value but on viral spread and popularity. The success or failure of a Memecoin entirely hinges on its ability to capture the internet's imagination, riding the wave of jokes, trends, and defining moments of online culture.

The second principle is that a Memecoin's value is determined by its supporting community. An enthusiastic and loyal group of supporters can propel any Memecoin to stardom, whether it's a sincere project or a semi-jocular creation. Take QUANT, for example, its rapid rise was not due to technological innovation but because of the community's collective anger. After the founder's rug pull, the community's determination boosted the token's price, highlighting the essential role of the community in Memecoin valuation. However, as revealed in QUANT's story, this fervor is often fleeting. Once the excitement fades, so does the token's value.

Finally, this highly volatile ecosystem perfectly embodies the high-risk, high-reward nature of Memecoins. Memecoins are known for their intense price fluctuations, which can either result in small investments doubling overnight or investors suffering heavy losses in an instant. For example, PENGU, as the native token of the Pudgy Penguins NFT series, saw its price skyrocket by 581% within the first 24 hours of trading on a new exchange, largely due to community enthusiasm and a carefully orchestrated airdrop event. However, by mid-January 2025, PENGU's trading price was around $0.0316, representing a 54.8% drop from its all-time high of $0.06845 set on December 17, 2024.

The chaotic nature of the Memecoin market has inevitably raised some serious ethical questions. When a 13-year-old can easily create a token and profit from it, what does that mean for the crypto market as a whole? QUANT's story reveals that this field urgently needs clearer boundaries, whether discussing who is eligible to create and promote digital assets from a regulatory standpoint or an ethical perspective.

In the Memecoin market, every trader is like an observer, immersed in a world dominated by the unpredictable forces of viral spread, humor, and collective action. Here, finance intertwines with internet culture, and an asset's value is not determined by its actual function but entirely by how strongly the public believes in it.

Through the lens of Memecoins, we can glimpse the power of collective belief, the far-reaching impact of viral culture, and the democratization of financial participation. The essence of these tokens is a microcosm of human behavior—full of the unknown, spirit of collaboration, and endless creativity.

Binance Empowering Meme Investments

If you are intrigued by the Memecoin craze but wish to participate in a more secure environment, Binance offers a more reliable option. Binance's listing process undergoes rigorous review and can effectively filter out obvious meme projects and short-term rug pull scams.

However, it is essential to remember: even on the Binance platform, engaging in Memecoin investments is not a guaranteed path to wealth. The exhilaration of this market comes with inherent risks, so do not invest more than you can afford to lose. Whether you want to ride the wave of a cultural phenomenon or simply experience the heat of Memecoins, Binance provides you with a safer and more secure way to explore this field of uncertainty.

Disclaimer: The price of digital assets is highly volatile and may be subject to market risks. The value of your investment may fluctuate, and you may lose all or more than your initial investment. All investment decisions are your own responsibility, and Binance is not liable for any potential losses you may incur. Past performance is not a reliable indicator of future results. Please only invest in products that you are familiar with and understand their risks. Before making any investment decision, carefully assess your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor. This material is for reference only and does not constitute any financial advice. For more information, please refer to our Terms of Use and Risk Disclosure.

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