Musk's concept: It's time for trolls to slaughter dogs?

IN THE LAST ROUND OF Bull Market, DOGE, STRONGLY RECOMMENDED BY MUSK, BECAME A LEGEND OF WEALTH CHASED BY COUNTLESS PEOPLE. However, this week, the rapid rise of TROLL (originally meaning troll, also meaning troll in the online context) has attracted a lot of interest from some investors, and the Token is highly anticipated by the community and is expected to become a new generation of Dogecoin.
As of January 9, Musk changed his Twitter account profile to "(CTO) Chief Troll Officer", that is, "Chief Troll Officer", which once again attracted market attention.

This joking title may be meaningless on the surface. However, as the "dog king" of the crypto market, every move of Musk is enough to trigger a new meme. After Musk revamped his social media profiles, multiple meme tokens with the name TROLL quickly popped up.
In the end, a TROLL contract ending in eb3a became the winner in the Token of the same name. The Token has risen rapidly driven by the concept of trolls.

What's even more interesting is that TROLL's rise is almost a coincidence. This Token is not the recently emerged Musk Concept meme coin, but has been deployed in April 2023. Before Musk became chief troll officer, the Token's price had fallen 98% from its peak. This is truly a veritable "zero-return coin".

TROLL trend: Before Musk took office as a "troll officer".

Then, with Musk as the "chief troll officer," TROLL rose rapidly, triggering people's FOMO. Before the end of last week, TROLL's Market Cap was only about a million dollars. However, after a weekend of sharp increases, TROLL's liquidity has now reached $2.2 million, and the Market Cap has soared to $85 million.

After just one weekend, the price of TROLL has increased by about 7 times.
This is not the first meme coin to emerge in recent days with the help of Musk's concept.
On January 10th, X user Tim Urban posted an X post commenting on the aviation industry. In the post, he quoted United Airlines CEO Scott Kirby.
Musk made a playful casual comment under the post, "Kirby is the CEO. This also made Kirby of the Stars an emerging meme concept in a short period of time.

For a while, Kirby also became a popular meme. GeckoTerminal data shows that the largest carbicoin has grown from 0 to $3.37 million in Market Cap in 6 days.

Vitalik Buterin: meme coins hack innovative concepts

In addition to Musk, Vitalik Buterin is another major source of inspiration for many meme coins.
This weekend, Vitalik Buterin's earlier concept of Zuzalu was once again brought to the attention of the community.
The Zuzalu Co-Living Experiment is a unique and groundbreaking project of social innovation and community-driven progress. The project was initiated by Vitalik Buterin and is located in Montenegro. Zuzalu is a neighborhood that resembles a makeshift city, where about 200 people live together for about two months. Participants include students, professionals, and leaders in various fields, while also providing financial assistance to those in need.
Zuzalu offers a decentralization living experience, filled with impromptu conversations and breakout sessions that drive a variety of activities. It is a gathering place for intellectuals and innovators in areas such as Crypto Assets, artificial intelligence, governance, and Decentralization Science. The community cultivated by Zuzalu is not only diverse in nationality but also focuses on areas such as biotechnology innovation and the philosophy of the state of the network.
As a Decentralization Community, Zuzalu itself doesn't seem to have attracted much attention from the crypto world. But after the meme frenzy began this week, the concept of Zuzalu quickly gained acceptance from the crypto community and spawned several meme tokens.
Among them, Zuzalu Inu is one of the brightest performers, and the birth of this Token Traceability dates back to March 2023.

 
GeckoTerminal data shows that before January 14, its price was only $0.000008 a piece, and recently it has risen as high as $0.012, a maximum increase of 1,500 times. Even at current prices, the increase is still more than 1000 times.

Those who want to be Musk
Recently, with the rise in the popularity of the industry, many project founders began to shout orders, and they shouted meme, focusing on air, here is a simple inventory of a few more well-known ones, follow their Twitter, follow up to eat meat in the early stage, and enter the beaten pick-up plate in the later stage, you can see some characteristics of memecoins from a simple understanding.
1) Matt Furie: matt, the founder of pepe, last year's hottest meme should belong to pepe and the latter bonk, both of which exceeded $1 billion at their peak, pepe relied on the very popular sad frog image and excellent team marketing to push pepe to BN in the short term.
In the middle of 2023, as long as the founder changes his avatar, changes his signature, and tweets, there will be related memecoins on the chain in the short term, and some short-term from tens of thousands of dollars in Market Cap to tens of millions of dollars, including dorkl, fine, etc. Later, because he shouted too many projects, the money-making effect weakened in the end, resulting in a weakening of his influence, but sometimes he still shouted for some projects.
2) Toly: Solana founder Anatoly, last year's good performance of SOL made everyone begin to focus on the development of its ecology, of which the first dog of the Solana ecology Bonk rose in this context, and memecoin Silly is a meme project supported by Solana founder Anatoly on Twitter many times, until the Solana Breakpoint conference, founder Anatoly Appearing at the conference in a dragon costume made Silly completely ignited. In addition, because of the traffic of SOL itself, the content of Anatoly's Twitter retweets has been paid attention to by everyone.
3) Sandeep Nailwal: Polygon founder, after Silly warmed up, Polygon chain also released memecoin pory, on the day of release, Polygon founder Sandeep retweeted the content, pory's Market Cap reached a high of more than $40 million on the day, and then many Polygon officials publicly supported, but the recent price correction was only a few million dollars.
In addition to these, there are also AVAX chain's Coq, Bear and inscription markets, etc., all of which have been publicly supported by AVAX officials or relevant personnel, resulting in a large number of short-term investors FOMO entering the market, and recently Lup and Bake and other project parties have begun to leave the market in person.
It can be seen that most meme assets are short-term heat, and after a wave of heat, most of them will cool down quickly, and few can last. If you don't have the ability to continue to "make trouble", it is easy to flow in waves, and the latecomers will take over for the predecessors. Most of the people here have a certain amount of attention themselves, and then shout orders with a purpose.

The factor that can be hot
MEME assets emphasize more on the concept itself, rather than on how strong the technology or financial system is, so the low threshold for issuing MEME assets is its advantage and disadvantage, that is, anyone can issue it, resulting in a lot of projects, but very few really run out. Why can meme be popular, what factors are at play, here according to the currently known projects, some reasons are counted afterwards, welcome to add.
1) Explosion brings users outside the circle: memecoins are air themselves, so marketing has become very important, and the best marketing is to make people can make money, and when they make money, they will pass from person to person. If you ask some outsiders, some people may not have heard of mainstream assets such as ETH and BNB, but the vast majority of people know about DOGE. Why BRC20 is so hot, on the one hand, is because it is backed by the Bitcoin ecology, and another important reason is that someone makes money, and then everyone pours in.
2) Simple and easy to understand: the more classic is "Bit gold, LTC silver", before Mr. Li also said that he specifically mentioned, what does LTC have? The slogan is well shouted and deeply rooted in the hearts of the people, and it can be said that a lot of tongues are saved.
3) Familiarity and easy communication: This industry is very similar to the entertainment industry, and it is 80% successful if there is traffic. The image of the sad frog itself, a carrier like pepe, has been widely circulated, with various well-known founders' pet concepts, Musk concepts, BRC20's sats, piin, etc.
4) Innovation: The story is relatively novel and innovative, HarryPotter ObamaSonic 10 Inu (Bitcoin) is an abstract memecoins that combines elements such as Harry Potter, Obama and Sony, and Aidoge is a 1:1 delivery to Arbitrum users, the early distribution model of rats, etc.
5) Fairness: Fairness here is relative, referring to the early stage of chip distribution, retail investors have the opportunity to get cheap chips, and most of the BRC20 are in this list.
The above are some of the characteristics of some of the popular meme assets, all of which revolve around the word traffic, but in any case, there are people behind the project.

Summary
Although MEME assets have a variety of high returns, only a few projects can really run out, most of them are short-term projects, after a wave, the popularity decreases sharply, and then there is no then, latecomers take over for the former, and only a few projects can really run out. MEME assets have become an important part of this industry, and understanding MEME culture is important to track and delve into the crypto industry.

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