2024 Meme Track Analysis: From Viral Spread to New Engine of Ecological Development

Summary

This article analyzes the current status and development characteristics of the Meme track in 2024, mainly including the following points:

• Meme coins exhibit cyclical highs, with a transmission model similar to infectious diseases, rapidly spreading through social media.
• Memecoin Launchpads have become an important innovation, simplifying the creation and trading process of Meme coins.
• Meme is regarded as a pioneer in the development of various blockchain ecosystems, used to attract market attention and funds.
• Investment strategies mainly revolve around leading coins, trading volume, and market sentiment.
• With the easing of liquidity and more participants joining, the Meme coin market is expected to continue developing, with gameplay becoming more professional and transparent.

New Features of This Round of Meme Track

continues to be hot and shows periodicity.

During this cycle, the popularity of Meme coins has reached an unprecedented height, especially from February to April in the first half of the year. Several popular coins saw an average increase of 6 times within a week, continuously breaking the record for the shortest listing time on centralized exchanges.

The spread of memes is similar to the spread of infectious diseases, relying on users to share for rapid dissemination. Once it enters popular social networks, it can spread quickly, especially when it evokes strong emotional reactions or is easy to imitate. The ordi craze in early 2024 and the sol Meme frenzy in the second quarter both reflect this characteristic.

Meme dissemination usually exhibits exponential growth, initially involving only a few people, but can quickly spread to a large audience in a short period of time. Certain users with a large following can significantly accelerate the dissemination and expand the impact.

Rise of Meme Platforms

Memecoin Launchpads are an important feature of this round. Emerging platforms like Pump.fun and SunPump have simplified the creation and trading process of Meme coins, attracting a large number of users. Each platform has its own characteristics in terms of user targeting, issuance quantity, revenue, success rate, and ecological integration.

Innovation is crucial in the Memecoin field. The key to platform success lies in creating unique products that combine cultural trends and technological innovation.

Target Users and Platform Features

The early Pump.fun primarily targeted Western audiences, while SunPump is more popular in Asia. SunPump combines the social media marketing of its founding team and performs outstandingly on the TRON chain.

In terms of revenue, as of the end of August, SunPump's daily income is approximately 567K, issuing about 7500 Memecoins each day. Pump.fun issues about 7000 each day. Both platforms charge a 1% transaction fee.

In terms of ecological support, Pump.fun, as a third-party developer, has successively integrated the Sol, Base, and Blast chains. SunPump mainly operates on the TRON blockchain, relying on its payment system and exchange infrastructure.

Typical case: SunPump

SunPump outperformed most Meme Launchpads. The founder of TRON pointed out that although the Meme coin market is still in its early stages, TRON is implementing a long-term strategy focused on building solid infrastructure and optimizing user experience.

SunPump serves as a Meme launch platform on the TRON chain, building a three-layer system together with the payment network and the DEFI layer:

1. Widely recognized stablecoin payment network
2. DeFi Layer that Provides Stable Investment Returns
3. The SunPump platform focuses on high-risk, high-return investment opportunities.

The advantages of SunPump include:

1. The team has a deep understanding of the Meme market.
2. The TRON platform provides strong liquidity support.
3. Especially strong community support from Asia

Meme Ecosystem and Liquidity

Meme has stood out in this round, becoming the vanguard of liquidity and ecological development led by various market participants:

• Major public chains and project teams regard Meme as a "stronghold" for ecological development.
• After attracting funds with memes, launching practical products has become a project development strategy.
• Meme provides a time difference for liquidity, attracting retail investors to enter the cryptocurrency market.

Main Types of Meme Projects in 2024

1. House Coin: Large pool, fast price increase, large capacity but difficult to enter.
2. Hotspot Events Coin: Prices fluctuate greatly around key figures or events.
3. Community Coins: High odds but high failure rate, community atmosphere is key.
4. Celebrity Coin: It relies on celebrity traffic and operations, has great potential but high risk.
5. Others: Tokens like WEN, BONK, WIF, etc., are supported by legitimate teams.

Outlook for the Second Half of the Meme Track

• The Shanzhai Index is at a historical low, which is beneficial for the return of the Meme track.
• Increased official participation, consensus in the Meme track has formed
• More Meme foundations and support programs are expected to emerge.
• VC investors begin to join Meme infrastructure investment
• The Meme gameplay will be more professional and transparent.
• Meme-based secondary products may usher in new developments
• The macro environment is becoming more accommodative, which is favorable for the growth of Meme coins.