Names in the crypto world are not casually chosen. They can unify community consensus, shape cultural identity, and even hint at a project's attitude toward the future.
On October 20th, the official account of a high-performance public chain reposted to confirm its Chinese name—"Soralala." In the current global crypto scene, where everyone is learning Chinese, this carries quite a significance.
How did this name come about?
The name "Soralala" was created by X user @muper (also known as @easytopredict). At that time, Mable, the founder of Trends.fun, held a naming contest, and his proposal ultimately won.
His explanation is quite interesting: the name symbolizes the spirit of continuous construction and energetic creativity on this chain.
Gotta admit, this name is indeed clever. The transliteration is fitting, easy to pronounce, and the repetitive structure adds a lively vibe—especially

Recently, the projects $PING and $PAYAI have been making quite a splash, causing a stir in the comment sections. Many people are asking: Where's the promised pump? Why is a MEME coin suddenly launching a Launchpad, and another utility token is migrating and swapping pools—are they planning to run away?
Honestly, in this market, no one really knows what’s going on. But if you take a step back and look at it calmly, the manipulations by these two projects aren’t that outrageous.
Why are they doing this?
To put it simply, they’re being forced to.
What’s the biggest problem with MEME coins? It’s that they can only rely on emotions and consensus to keep going, without any real value backing them. Once the hype dies down, they usually fade away. As for technical tool projects like Facilitator? Their ceiling is low, the technical barriers aren’t high, and they’re easy to copy.
So, you see, what $PING and $PAYAI are doing now is just filling in their respective weaknesses:

Last week, the crypto community in Poland was buzzing.
A friend was frantically sharing screenshots in the group at 2 a.m.: a certain obscure Chinese token's market cap broke $20 million. At the time, everyone thought he was seeing things, but the next day, it shot up to $60 million, and just a couple of days later, it hit $100 million. Veteran traders in Europe started pouring money into the BSC chain, but most didn't even understand why it was rising.
When conspiracy theories meet Chinese character cryptography
Barry, co-founder of WOK Labs, was still reflecting on this when he talked to me about it. He's one of the few European players who had early exposure—having worked on projects with Chinese teams in the past, he’s well-versed in the "relationship + resonance" approach of the Eastern community.
Data doesn't lie. On October 8th, transaction volume on the BSC chain surged to $6.05 billion, matching the peak of DeFi Summer 2021. Even more astonishing, over 100,000 new addresses flooded in on that single day.

Imagine a scenario: your AI assistant is browsing the internet and comes across a research report that requires payment. Previously, it had to jump to a payment page, fill in credit card information, and maybe even register an account. Now? It simply deducts a few cents of USDC from the wallet, resolves it in seconds, and continues working.
This is what the x402 protocol is doing.
A forgotten "button" suddenly finds its purpose.
In 1997, the HTTP protocol reserved status code 402, meaning "Payment Required" — you need to pay to view the content. But at that time, no one knew how to implement it, and this feature remained like an unfinished socket in a rough house, unused for nearly thirty years.
The turning point came: stablecoins matured, Layer 2 solutions reduced transfer costs to a few cents, and more importantly — AI agents exploded in popularity. These automated programs need to call various APIs, access paid databases, and purchase computing resources.

The madness on BSC these days, you've all seen it, right?
Puppy coins flying everywhere, stories of getting rich overnight flooding the screens. Just before bed, you casually buy a coin, and when you wake up, your wallet has a few zeros more—these "made a killing" screenshots are everywhere in the group. It seems like money is just lying on the chain, waiting for you to pick it up, and everyone can replicate the next hundredfold myth.
But has anyone thought about it? Who is actually losing when you make money?
This market has always followed the 80/20 rule. Those screenshots are either from whales dumping their holdings or only show profits without revealing losses—because these stories are needed to lure new retail investors into the market.
Smart money has already left
While everyone is still dreaming of "changing their life with xx," the real smart money has quietly pulled out.
They didn't keep chasing after the dog coins; instead, they moved most of their funds back into the secondary market—focusing on BTC, ETH, and other core assets with deeper liquidity and higher certainty. They might keep some pocket money to play around, but the main positions have already been repositioned.

Shiba Inu meme packs have sparked a billion-dollar market value, and Elon Musk's single tweet triggered a price tsunami—Meme coins are arguably the most magical existence in the crypto world.
What exactly are they? A digital bubble? A new type of asset? Or a Ponzi scheme disguised as blockchain?
Perhaps it's better to look at it from a different perspective. Placing Meme coins within the framework of traditional finance, you'll find they are not a single entity but a blend of several marginalized elements in mainstream finance, amplified ten thousand times. They are both the ultimate outlet for speculative desire and a financialized totem of community culture, and may even serve as a mirror reflecting the true essence of modern finance.
From a market perspective: a gamble more exciting than a lottery
If we must find a comparable in traditional finance, Meme coins resemble a combination of two things: a lottery and junk bonds.
The logic of a lottery is simple—spend a small amount of money for a very low-probability chance of getting rich quickly. Meme coins follow this playbook entirely.

This article explores the rise of meme coins (such as Dogecoin, Shiba Inu, and PEPE), highlighting that their success stems from community consensus and cultural dissemination rather than technological innovation. Meme coins turn social media attention into value, making every holder a "market maker." The author recommends that newcomers focus on cultural symbols they identify with, actively promote them, and approach investing with an entertainment mindset. Ultimately, the article emphasizes that dissemination is at the heart of meme coin value.

The article discusses the rise of Meme coins (such as Dogecoin and Shiba Inu) in the cryptocurrency market, emphasizing the importance of community culture and communication. The value of Meme coins stems from the community's Consensus and the content created, rather than the fundamentals of traditional assets. Attention has become the hard currency of the era, and participants should transform into communicators, valuing interesting symbols and maintaining an entertaining mindset to cope with the high-risk investment environment. This is a disruption and innovation of grassroots culture against TradFi.

Recently, watching the meme coin craze, I suddenly realized a truth: traffic does have power, but don't expect it to have wisdom.
This reminds me of Fukuyama's "End of History"—with every cycle of bull and bear markets, there are always people saying, "There will never be another opportunity again." After Bitcoin, there will be no more coins in the crypto world; after Ethereum, there will be no more public chains; after a certain Meme, there will be no more hotspots... it's all nonsense.
Bitcoin is not the end, it is the beginning.
How to understand the seemingly contradictory propositions of "BTC is unique" and "there are always opportunities in the market"? This is where the true test of intellect lies.
The wave of coin issuance in 2017 can be summed up as too few coins and too much money. What about now? With ERC-20, inscriptions, and various Launchpads lowering the threshold to zero, thousands of new coins can emerge in a single day. According to common reasoning, the market should have been saturated by now, right?
Wrong.
What is scarce is never the coin, but the opportunity to make money.
Even if there are too many coins, it still cannot satisfy the retail investors' pursuit.

Apple demonstrated the scarcity and value of its stock through large-scale stock buybacks, attracting shareholder attention. Nowadays, the Crypto Assets platform Hyperliquid and Pump.fun are also emulating this strategy by repurchasing Tokens to enhance market demand and drive prices. Although such operations boost investor confidence, they also face income Fluctuation and dilution risks, and careful assessment of their long-term sustainability is still necessary.

Crypto Assets projects borrow from the Apple model, conducting large-scale buybacks of Tokens.
Seven years ago, Apple Inc. achieved a financial feat whose impact even surpassed the company's most outstanding products. In April 2017, Apple opened the $5 billion "Apple Park" campus in Cupertino, California; a year later, the company announced a $100 billion stock buyback program, which was 20 times the investment in its headquarters campus. This sent a core signal from Apple to the world: besides the iPhone, it has another equally important "product."
This was the largest stock buyback program in the world at the time and part of Apple's decade-long buyback spree. During this period, Apple spent a total of over $725 billion to repurchase its own stock. In May 2024, this iPhone manufacturer broke the record again by announcing an $110 billion buyback plan. This operation proves that Apple not only understands how to

The DOGE ETF (DOJE) was listed on the New York Stock Exchange in September 2025, marking a convergence of internet meme culture and TradFi. This product was approved through a clever regulatory structure, demonstrating the financial system's inclusive shift towards encryption assets. However, the financialization process of DOGE has exposed profound contradictions between market functionality, cultural identity, and regulatory philosophy, leading to a fracture in community culture. The launch of the ETF may have brought about short-term prosperity, but it could also lead to the disappearance of the meme spirit, reflecting that the future of encryption assets will gradually become more financialized.

Bonk has reignited the community's interest in meme culture after experiencing two significant turning points. Although market enthusiasm has dropped, new incentive activities and collaborations may promote its resurgence. The creativity and passion of the community are key to Bonk's reversal, and we look forward to the glory of meme culture once again.

Meme Coin: Depth Analysis of a New Financial Phenomenon
Meme coin is undoubtedly one of the most eye-catching and perplexing phenomena in the cryptocurrency field. From a massive market cap token spawned from a Japanese Shiba Inu meme to Dogecoin, which is praised by a well-known entrepreneur, these digital assets, originating from jokes and thriving in communities, continuously challenge the traditional financial world's perceptions with their extreme price volatility and significant wealth effects.
Are these tokens just worthless digital bubbles, or do they represent a brand new asset class? By placing them in contrast to traditional finance, we can conduct an in-depth role analysis. We will find that Meme coins are not a single role, but rather a fusion and amplification of multiple marginalized or suppressed roles in the traditional financial world. They embody the ultimate expression of speculative desire, symbolize the financialization of community culture, and may also serve as a "mirror" to examine the essence of modern finance.
1. Market Level: "High Wind

Meme coin: A financial carnival and community experiment in the digital age
Meme coins are one of the most eye-catching yet confusing phenomena in the cryptocurrency field. From SHIB, derived from a Japanese Shiba Inu meme, to Dogecoin, which rose to fame thanks to the endorsement of a tech company CEO, these tokens, born from jokes and thriving in communities, continuously challenge the values of the traditional financial world with their extreme price fluctuations and enormous wealth effects.
Are they truly worthless digital bubbles, or do they represent a whole new asset class? When placed against the mirror of traditional finance, we can conduct a deep role deconstruction. We will find that Meme coins are not a single role, but a mixture and amplification of multiple marginalized or suppressed roles in the traditional financial world. They are both the ultimate release of speculative desire and the financialization totem of community culture, and they may also serve as a "demon-exposing mirror" for examining the essence of modern finance.
1.

Meme Coin Market Overview: From the Margins to the Mainstream
Meme coins have evolved from a fringe joke in the cryptocurrency realm to significant speculative assets. They are influencing capital flows, social media sentiment, and even political propaganda. Here are the latest developments and data insights in the Meme coin market.
Recent developments
In 2024, the total market value of Meme coins will grow by over 500%, driving speculative funds to shift from mainstream coins to Meme altcoins in early 2025. In 2025, U.S. regulators will classify most Meme coins as collectibles rather than securities, reducing protections for investors.
On January 17, 2025, less than 24 hours after $TRUMP was launched, its market value soared to $27 billion, sparking interest in political-themed tokens. In the following weeks, over 700 Trump-related Meme coins emerged, nearly 200 of which used the names of Trump family members.
2025

In the Solana ecosystem, the LetsBONK.fun platform has rapidly emerged, replacing the former coin-issuing giant. The new platform attracts a large number of users through transparent revenue distribution and project growth support, realizing the concept of ecological co-construction. Users are no longer "runners-up" but play an important role in creating long-term value.

The Financial Journey of Meme Coins: The Birth and Controversy of DOGE ETF
In September 2025, an ETF product named DOJE was listed on the New York Stock Exchange, which is an exchange-traded fund based on the famous meme coin DOGE. What was once a joke among programmers eight years ago has now entered Wall Street as an ETF, managing hundreds of millions of dollars in assets. This marks a deep integration of internet meme culture with the traditional financial system and has also sparked numerous controversies and reflections.
![First US Dogecoin ETF (DOJE) Now Trading: How to Buy and Key Risks]()
Regulatory arbitrage: The path to compliance for meme coins
The listing of DOJE is not a coincidence, but a carefully designed regulatory arbitrage experiment. It adopts the structure of the Investment Company Act of 1940, through which it is set.

Meme coin: A carnival and reflection in the encryption world
Meme coins are undoubtedly one of the most eye-catching and confusing phenomena in the field of cryptocurrency. From the massive SHIB ecosystem spawned by a Japanese Shiba Inu meme, to Dogecoin which became popular due to the promotion of a tech giant, these tokens, which originated as jokes and thrived in communities, continually challenge the values of the traditional financial world with their extreme price volatility and enormous wealth effects.
Are they truly worthless digital bubbles, or do they represent a brand new asset class? By placing them in front of the mirror of traditional finance, we can conduct a deep role deconstruction. We will find that Meme coins are not a single role, but rather a mix and amplification of multiple marginalized or suppressed roles in the traditional financial world. They are both the ultimate release of speculative desire and a financial totem of community culture, and they may also serve as a "demonic mirror" to examine the essence of modern finance.