MEME Track Comprehensive Interpretation —— How to Become a Golden Dog Hunter?

Introduction

MEME plays a core role in Web3 culture, quickly resonating within the cryptocurrency community through its unique propagation methods and widespread popularity. These often humorous and satirical digital images or concepts not only deepen the connections among community members but also become important means of expressing opinions, emotions, and market trends.

MEME can transcend language and cultural barriers to achieve widespread dissemination at a very low cost, thus playing an indispensable role in promoting the awareness and participation of Web3 projects.

Recently, the performance of MEME coin in the market has attracted widespread attention. According to data from data platforms, the market capitalization and trading volume of MEME coin both show significant growth, reflecting the popularity of this type of coin and the high interest of investors.

For example, the BOOK OF MEME ($BOME) has achieved over 1000% growth in a short period. The main reason behind this phenomenon is that the issuance volume of MEME coins is large and the unit price is low, making them an ideal choice for attracting funds during a bull market, as investors seek the possibility of high returns through small investments.

In addition, MEME coins often revolve around light-hearted and humorous themes, making it easy to spread quickly on social media, thereby attracting more attention and participation.

1. The Transmission Mechanism of MEME

1. Social Media and Community Interaction

Social media platforms are key channels for the dissemination of MEME coins. Through Twitter, Reddit, Telegram, and others, project teams interact directly with users, sharing updates, hosting events, and responding to community feedback. This interaction not only enhances the visibility of the project but also strengthens community cohesion, making information dissemination faster and more effective.

Bitcoin ($BTC), as the earliest cryptocurrency, primarily engages its community through social media platforms such as Twitter and Reddit. Members of the BTC community frequently share market trends, technical updates, and investment strategies, forming a robust information-sharing network.

For example, the r/Bitcoin subreddit on Reddit has over 1 million subscribers, and these users enhance the brand awareness and market influence of BTC through discussion and sharing, forming a strong sense of community consensus.

2. Viral Marketing

The viral marketing of MEME coin relies on highly shareable content, such as catchy slogans, amusing images, or unique concepts. This content is easily accepted by users and quickly spreads through social networks, achieving low-cost yet effective promotion, allowing MEME coin to gain widespread attention in a short period.

$AKITA leverages the visual elements of Shiba Inu, which has a broad audience base in both the Web2 and Web3 worlds, and spreads rapidly through creative content on social media platforms.

For example, $AKITA community members created various MEME images and videos related to Shiba Inu, which were widely shared on platforms like Twitter and Reddit due to their humor and visual appeal. Additionally, $AKITA further enhanced its viral marketing effectiveness by hosting online competitions and interactive activities, such as the creation and auction of NFT artworks.

These activities not only increased community engagement for $AKITA but also attracted the attention of more potential investors, making $AKITA a popular MEME coin in the market in a short period of time.

3. Utilizing Celebrity Effect

Using celebrity influence to promote MEME coins involves collaborating with influential public figures to share MEME coin information through their social media platforms, attracting the attention of their fans.

Create highly interactive content, such as challenges and live broadcasts, to increase user engagement. Launch limited edition MEME coins or merchandise in collaboration with celebrities, and enhance brand image through charitable activities. At the same time, monitor the effectiveness of promotional activities to ensure that the celebrity effect translates into actual market influence.

The popularity of $DOGE is attributed to Elon Musk's celebrity effect. Musk has mentioned DOGE multiple times on Twitter, calling it "the people's cryptocurrency," which has resonated widely with fans and the media. These tweets have not only enhanced the brand recognition of $DOGE but also inspired creativity within the community, generating a large amount of related user-generated content.

Every time Musk mentions anything related to dogs on Twitter, it causes the price of $DOGE to soar rapidly, becoming an iconic symbol of cryptocurrency culture.

4. KOL and Community Influence

Key Opinion Leaders (KOLs) play a crucial role in the promotion of MEME coins. Their recommendations and endorsements can significantly enhance the project's credibility and appeal. Moreover, the influence of the community should not be underestimated; active community members can accelerate the dissemination of project information through word-of-mouth.

The $SHIB community has effectively increased the project's visibility by collaborating with several KOLs in the cryptocurrency field. For example, when a well-known KOL like CZ (the CEO of a certain trading platform) mentions $SHIB on social media, their large number of followers become interested in the project.

In addition, the active interactions of the $SHIB community members on platforms like Twitter and Reddit, through sharing trading experiences, creating MEME content, and participating in discussions, have further enhanced the project's attractiveness and credibility. This synergy between KOLs and the community has made $SHIB a hot topic in the cryptocurrency market in a short period of time, attracting a large number of investors' attention.

5. Wealth Effect

The price fluctuations of MEME coins are often accompanied by a strong wealth effect. When the price rises, new investors are attracted to the market, hoping to gain profits by participating. This effect not only drives further price increases but also expands the cultural dissemination of MEME coins.

Silly Dragon (傻龙) was launched by Solana founder Anatoly Yakovenko during Halloween 2023. This direct support from the founder of a public chain adds trust and authority to the project, further driving its wealth effect.

$SILLY has shown significant market growth in a short period of time, reaching a market value of 70 million USD in less than two weeks since its launch, with over 8,600 wallet addresses and an on-chain liquidity pool of up to 1.2 million USD. This rapid market growth is seen as a wealth effect, attracting more investors and traders.

6. Incentive Mechanism

The incentive mechanism is one of the important strategies for promoting MEME coin. Through methods such as airdrops, trading burn taxes, and lucky draws, the project team encourages users to hold and trade tokens, thereby increasing market activity and user stickiness, while also bringing more attention and discussion to the project.

$AIDOGE adopts a decreasing airdrop model, meaning that users who receive tokens early can obtain more tokens. This mechanism incentivizes users to participate as early as possible, thereby increasing market competition and the initial demand for the tokens.

At the same time, a transaction burn tax mechanism has been designed, where each on-chain transaction incurs a 15% burn tax. A portion of this is used for ecological development, another portion is destroyed, and yet another portion is awarded to liquidity providers and holders as staking dividends. This mechanism increases the scarcity of the tokens, thereby enhancing their value.

7. Unique concept and design

The design of MEME coins is often closely related to their concepts, with unique visual elements and cultural meanings that make them stand out among numerous cryptocurrencies. This design not only increases the project's recognition but also makes it easier for MEME coins to be shared and discussed on social media.

The concept of $BOME is "Book of MEME". This project was initiated by Pepe MEME artist Darkfarm, aiming to create a gallery focused on the permanent storage and creation functions of MEME. BOME has attracted a lot of attention in a short period and has rapidly spread on social media, with its market value significantly increasing in a short time.

The concept of "Book of MEME" is to combine MEME culture with blockchain technology, creating a decentralized platform to preserve and share MEME content. This project raised funds through a presale event and quickly attracted a large number of investors and community members to participate.

The rapid rise of $BOME demonstrates how MEME coins can quickly gain attention and value in the cryptocurrency market through unique concepts and designs, as well as active community participation.

8. Innovative and Easily Shareable Topics

MEME coin projects often combine innovative or easily disseminated topics to enhance their visibility. Whether related to popular culture MEMEs or references to social phenomena, these topics can spread rapidly within communities, resonating widely and thereby increasing the project's market recognition.

$SLERF is a MEME coin based on the Solana blockchain, which has quickly gained popularity due to its unique narrative and community involvement. The founder of $SLERF accidentally destroyed key tokens due to an operational mistake and subsequently launched a rescue operation to raise funds to compensate pre-sale participants.

This initiative has received positive responses from the community and several exchanges, including support from well-known figures and influencers. The price of $SLERF has experienced significant volatility but was able to achieve a remarkable rebound in a short period, reaching new highs. Its narrative and market performance have propelled $SLERF to become the focal point in the market.

2. How MEME Captures Emotions (Causing FOMO)

In the cryptocurrency market, the popularity of MEME coins is often closely related to their ability to capture and stimulate investor sentiment. FOMO (Fear of Missing Out) is a particularly strong emotional response, playing a key role in the dissemination and value formation of MEME coins. Below is a detailed explanation of how MEME coins capture emotions, especially in triggering FOMO.

1. Viral Spread on Social Media - Rapid dissemination leads to panic buying.

The MEME coin has quickly gained attention through viral spread on social media platforms. A tweet about a certain MEME coin or a discussion post on Reddit can be widely shared in a short time if the content is engaging or entertaining.

This mode of dissemination not only increases the visibility of MEME coin but also creates a sense of urgency within the community, making people worry about missing the opportunity to participate in a potential hot project.

The viral spread of $DOGE began with a tweet from Elon Musk on Twitter, calling it "the people's cryptocurrency." He has since mentioned Dogecoin multiple times, becoming its de facto spokesperson.

According to statistics, every time Musk mentions dog-related content on Twitter, the price of $DOGE significantly rises in the short term, and many investors, driven by FOMO, rush to buy when Musk mentions Dogecoin for fear of missing out on the increase.

2. The promotion of the community and KOL - Missing credible potential gains leads to panic

The community and key opinion leaders (KOL) of MEME coins play an important role in capturing sentiment. The endorsement or recommendation from KOL can quickly enhance the credibility of a MEME coin, making community members feel the need to participate to avoid missing out on potential gains.

In addition, active discussions and the sharing of success stories within the community will also enhance the feeling of FOMO.

3. Price and Market Performance - The FOMO driven by the myth of getting rich in a bull market.

The price fluctuations and performance of the market are direct factors that trigger FOMO. When the price of a MEME coin rises rapidly, investors worry about missing the opportunity to make a profit. The hype and news coverage in the market further amplify this sentiment, leading more people to join the buying frenzy out of FOMO.

The price of Bitcoin has reached a historic high of