Several Details to Know About M3M3

Author: NingNing Source: X, @0xNing0x

What is $M3M3?

Meteora borrowed the Ve (3,3) mechanism from DEX and invented a (3,3) mechanism for launching Memes: MEME (3,3)

That is, the top 1000 Stakers of MeMe can receive the handling fee income captured by the MeMe LP.

Meteora has developed a memes coin launch platform based on the MEME (3,3) mechanism: M3M3

The Meteora community is inspired by MEME (3,3) and has launched the first Meme coin $M3M3 on the M3M3 platform.

So, $M3M3 theoretically has no direct relationship with Meteora, but those who understand, understand that the market regards $M3M3 as Jupiter’s $WEN and HyperLiquid’s $PURR.

Why does Meteora want to issue $M3M3?

Observing the latest status of the DEX track in the Solana ecosystem, Meteora’s market position is as follows:

–volume market share accounts for 7.4%, ranking fourth after Raydium, Lifinity, and Orca

–Liquidity market share accounts for 9.2%, ranking third after Raydium and ORCA

–Rising Token ranks third in terms of launch shares, behind 、Raydium.

From the above, it can be found that Meteora has certain advantages in Liquidity and the launch of the Daily New Token, but there is a shortcoming in terms of volume.

The launch of the M3M3 launch platform can not only consolidate Meteora’s product advantages in LP and new Token, but also stimulate the rise of platform volume. It is an excellent strategy to kill two birds with one stone.

How to view $M3M3?

First of all, the attribute of $M3M3 is memes, not the platform token of M3M3.

Secondly, it is obvious that $M3M3 is not a typical memes coin. Its valuation method does not primarily focus on attention economy and market sentiment Flow, but mainly considers its APR and potential Airdrop return rate.

Based on my recent on-chain MeMe coin PVP experience, I’m not particularly optimistic about the new MeMe coin launch paradigm like M3M3.

What really makes memes so attractive is the addictive mechanism of instant feedback (rapid doubling or digging), high Volatility (intraday volatility range often at -90%, +10000%) and uncertain return rates.

This is a carnival of the wine god, and calculating APR and potential Airdrop returns is too rational, belonging to the Sun God culture, which is incompatible with the MeMe coin market environment.

Summary: Play $M3M3 as a tool for fun, don’t take it seriously as a MeMe coin.