Ethereum Meme Season Makes a Comeback

In April 2026, the on-chain Meme coin market on the Ethereum chain was completely ignited by a reply from Elon Musk on X. The incident was triggered by a girl who died of cancer; during her lifetime, she personally designed a Shiba Inu plush toy and sent it into space with a SpaceX mission. After Musk replied “Will answer shortly,” on-chain traders quickly locked onto a $ASTEROID token that had already existed for 19 months yet had barely attracted any attention; within six hours, it surged by over 1000%. Someone entered with 1 ETH and turned it into $470,000 after three hours, and FOMO spread rapidly.

On-chain data confirmed the authenticity of this wave of heat: Ethereum mainnet Gas fees jumped from about 0.052 Gwei to about 0.6 Gwei—an increase of more than tenfold. On Uniswap V2, Meme coin 24-hour trading volume briefly surpassed mainstream DeFi protocols. Earlier, in early 2026, the Meme coin sector had already shown signs of a rebound: total market cap rebounded from a low point of $35 billion to $47.7 billion, and trading volume surged by 300%.

The narrative logic behind this batch of Meme coins is clearly discernible: $ASTEROID stands out thanks to its physical anchor of “real spaceflight.” $RISE piggybacks on NASA’s official imagery; $FLOAT reuses the concept of zero-gravity indicators; $CLUTCH bets on the 2026 FIFA World Cup mascot; and $RIZO builds on symbol accumulation from Elon Musk’s long-term implantation of the Tesla product experience. In addition, there is $MYSTERY, based on Matt Furie’s comic IP, as well as the political Meme $MAGA, which grafts Trump slogans onto a UFO narrative.

Unlike the fast-forward, quick-in-quick-out short-term games on Solana, this Ethereum Meme season places even greater emphasis on narrative accumulation and community settling. But most projects will almost certainly be short-lived—once attention rotates, Meme coins without value backing are extremely likely to surge and then fall back. Amid the fireworks of a mood revival, staying clear-headed is far more important than chasing price gains. #以太坊Meme季卷土重来