The Rise and Challenges of Virtual Platform Meme Coin Projects

Recently, a well-known AI Agent launched a meme coin project called VIRGEN on the Genesis Launches platform, which is the first openly issued meme coin by a renowned team on this platform. Although VIRGEN belongs to the meme coin category, its issuance mechanism demonstrates a friendly attitude towards the community. In addition to the presale and liquidity allocation, there are also airdrop opportunities for stakers in the ecosystem and certain holders of classic meme coins.

A notable feature of VIRGEN is that there is no lock-up period, which means participants can trade and profit immediately after the token is listed. Although there were concerns that this could lead to a price crash, it has proven that not only did the token not experience a significant drop after being listed, but it actually continued to rise. The team has also taken a series of proactive measures, including additional airdrops for presale participants who did not sell, as well as using profits for market buybacks.

Following VIRGEN, another meme coin named NOTHING has also launched on the platform. This project is not just a simple meme coin; it introduces an innovative mechanism: by "permanently" locking tokens, it allows stakers to continuously earn points released by the platform. The launch of NOTHING was equally successful and included two additional airdrops, exceeding market expectations.

The success of these two projects is, on one hand, due to their generous mechanism design, and on the other hand, thanks to the sincerity and actions of the team behind them, which stands in stark contrast to most meme coin projects that are solely profit-driven. However, this successful model is difficult to replicate, and it is also hard to find similarly high-quality teams.

With the emergence of these successful cases, some projects of varying quality have also begun to appear on the platform. To prevent the platform from becoming another pump.fun, the best strategy is to maintain a permissionless issuance mechanism while relying on the market's own power to eliminate inferior projects. This requires a group of high-quality participants who can resist bad projects through their own actions.

It has been proven that after VIRGEN and NOTHING, several uninspired pure shell meme coin projects have indeed emerged. The first one, although successfully launched, saw its price plummet after going public; while the subsequent ones were directly ignored by the market. This market reaction reflects the judgment of participants and helps maintain the healthy development of the platform.

Whether the Virtual platform can continue to maintain this positive ecosystem will directly impact its future development. If it can successfully shape a unique cultural atmosphere and market mechanism, Virtual is expected to become an innovative platform that is completely different from pump.fun.