Party in a wild casino where memes are buried

Crypto is a rapidly changing market. It can be said that if you don’t fight in the market for a month or even a week, your understanding of the market will be exaggerated.

Meme Token is interesting and wild, but I think this feeling is, or has become, a generational gap. What remains unchanged is that we can still witness "seeing him build a high building, seeing him entertain guests, and seeing his building collapse" again and again in 24 hours or even shorter. What has changed is that the fun and relaxation feelings are gradually lost, and the tense and naked fighting is becoming more and more obvious.

"Meme" in my eyes

Two months ago, I met a friend who I have known for a long time and specializes in meme Token offline. Meme Token is the beginning of his entry into Crypto, and it is almost the only track he is interested in and degen in the Crypto market.

"I just think this thing is fun, it's something for young people of our generation to play with. Meme Token, or remove the word Token, this thing is wild and unrestrained, not well understood in reality, but in the Crypto market, everyone recognizes this thing, this culture. When I found that my sense of smell or aesthetics for these contents can make money, I think meme Token is really cool and fun."

After he finished speaking, I drank a glass of wine with him. As the alcohol spread in my body, my mind quickly flashed those meme tokens that once excited me, such as $PEOPLE, which Dajiqi took a picture of the US Constitution, the official website highlighted an abstract "Harry Potter", mfer's $MFER, $MOG's glasses...

These are all the existences that can be discussed in a separate article. Content quality, community activity, fission techniques, these "logics" of meme tokens are all fading.

As an NFT player, the current meme tokens give me a sense of déjà vu. The earliest meme tokens, such as $DOGE, correspond to the earliest stage of NFT, when a picture was enough to get everyone excited. Then came the emergence of cats, dogs, zoos, and more themes, corresponding to the stage when PFP projects with different styles could produce a blue chip. Next, all styles were basically developed, and everyone began to compare the quality of pictures in homogeneity.

Finally, just put everything aside and leave only one word.

「Follow」

Solana, the most popular "crypto casino", has deployed more than 640,000 meme tokens since April 1, and this is just the data from the beginning of July. In other words, in 3 months, an average of more than 7,000 new meme tokens appeared on Solana every day.

The "addresses" composed of a series of English and numbers sent by "cyber gamblers" on various chat software every day, in addition to "CA", which is the Token contract address we are familiar with, are "smart money" and "dev".

"Cabal", a popular term among English Crypto players, translates to "conspiracy group", which includes both those who hide behind the scenes to make the game and those who have the ability to shout orders secretly and hold together to shout orders. Players on the chain who have been waiting for fresh blood to enter but have not been able to do so are struggling in the hellish PvP mode. They are not afraid of losing to other players, but that no one will come to compete with them.

Although retail investors hate "Cabal" very much, they can only enter the game passively and "follow" passively. "Dev", or the well-prepared "dealer" starts the game, KOLs organize the game, and retail investors enter the game.

Only by "following" quickly can you run fast and have a large profit margin. Only by "following" more can you increase the probability of winning the first prize and buying the "Golden Dog" every day.

Many people miss the content creation atmosphere of Chinese and even the entire Crypto circle a few years ago, saying that there were a lot of "dry goods" in the past, and there were many unique insights on different tracks and tokens that could be absorbed and really converted into profits. In fact, what we miss is the bull market, because at least until now, the "logic" has failed one after another, this is the case for the meme token track, and the same is true for other tracks.

Although I don’t think we have entered a bear market, it is definitely not the time to embrace the future. What’s more, in a fog, what can we embrace?

Conclusion

I am not making a deep-seated attack on the naked start-set-up-entry model. It’s just that when such a model becomes almost the only active gameplay in the market and becomes a helpless way for retail investors to survive, I miss the past when you could make money by discovering and degenerating interesting things.

Naked PvP is just the result of insufficient incremental players on the chain. I am looking forward to the dawn of meme.

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