ANSEM hits new high, CZ gets involved, Meme Summer is back
- Core Viewpoint: Since June 2024, the Meme coin market, represented by the Solana and BSC ecosystems, has seen a significant resurgence. There have been breakout tokens such as ANSEM, an increase in quick-hit plays, and the "buy the news" strategy has proven effective under certain conditions. Market focus is shifting towards BSC.
- Key Elements:
- Judgment Criteria: The benchmark for a Meme market revival is whether there are breakout tokens that push market cap ceilings, and whether there are numerous quick-hit plays that aren't one-hit wonders. Both conditions are currently met.
- Market Performance: The Solana Meme coin ANSEM, launched on June 28, surged to a market cap of $390 million within a week, driving Meme activity in the BSC ecosystem, with tokens like CZ and TCC gaining traction.
- Data Analysis: Odaily statistics show that out of 10 new Meme coins promoted since June, 5 doubled in value after promotion, 4 remain profitable, and 3 went to zero; assuming an equal-weighted investment strategy, the return rate would exceed 500% if held to date.
- Strategy Shift: As market conditions improve, media coverage has shifted from "news sell" signals to "buy the news" profit strategies, as FOMO and attention economics continue to fuel buying pressure.
- Narrative Characteristics: This round lacks new narratives, relying mainly on celebrity effects (such as Ansem's endorsement) and airdrop lock-up mechanisms. However, the wealth creation effect is real.
- Market Outlook: Market focus has shifted from Solana to BSC. Binance founder CZ responded by saying, "May the best Meme win," indicating the party is far from over.
Original by Odaily (@OdailyChina)
Author: Golem (@web3_golem)
Immediately notify your crypto friends still playing US stocks or predicting the World Cup: the on-chain bull is back, and the Meme season has revived. From the Solana ecosystem to the BSC ecosystem, from ANSEM to CZ, TCC and other Meme coins, for Meme traders over the past month, the wealth-creating effect and frequency of the Meme market have been no less than the global AI stock bull run.
The criteria for judging whether the Meme market has truly improved are twofold: first, whether a breakout Meme coin has emerged to open up a new ceiling for Meme coin market caps and imagination; second, whether it has driven a large number of non-one-shot "fast-track" plays in the Meme market. Both of these criteria are now met. The Solana Meme coin ANSEM, launched on June 28, is the breakout Meme coin of this cycle, rocketing to a market cap of $390 million in one week. However, the signs of this Meme season actually began to emerge in early June. (Related reading: A group of on-chain players who skipped the World Cup got rich on ANSEM)
Meme summer is back
Below is a list of all Meme coins whose market caps were reported in Odaily's news flashes from June to date. Odaily's news service monitors the Meme market in real-time and selectively pushes reports on the market caps and gains of trending Meme coins based on internal screening criteria. Often achieving the industry's first report, it can also serve as an indicator for the Meme market.
As shown above, since June, Odaily's news flashes have reported on the market caps and gains of 10 Meme coins (only counting new Meme coins created since June). All 10 of these Meme coins saw their market caps continue to rise after their first mention in an Odaily flash. Five of them doubled in value after the report, four would still be profitable if held until now, and, unsurprisingly, three have gone to zero (market cap below $1 million).
Assuming a Meme trader invested $1,000, buying $100 of each of these 10 Meme coins at the time of Odaily's first report (Note: This is purely hypothetical and does not constitute investment advice), and their strategy was to sell after a 100% gain, they would still have their $1,000 principal. If they held all positions until now, they would have profited over $5,000, a return on investment exceeding 500%.
Two conclusions can be drawn from this data. First, Odaily's Meme news flashes can indeed serve as a reference indicator. Especially in the current market, where attention on Memes is significantly lower than before, based on strict real-time monitoring and screening standards, non-full-time Meme traders can treat Odaily's Meme flashes as one of the "golden dog signals," allowing them to discover major opportunities early without needing to watch the charts constantly. For instance, when Odaily first reported on ANSEM, its market cap was only $8 million.
The second conclusion is that the Meme market has improved since June, with an increase in fast-track plays and fewer coins going to zero. A closer look reveals that all 10 Meme coins reported by Odaily news flashes were fast-track plays, and to date, only three have gone to zero.
Media is often seen as an amplifier of market sentiment, leading to the well-known "sell the news" trading strategy in the market. This applies to the Meme market as well, especially during periods of low activity. When the market cap ceiling for Meme coins is suppressed and one-shot plays dominate, a media report often marks the peak of a coin's lifecycle, making "sell the news" a valid strategy.
However, when the Meme market improves, the market cap ceiling is raised, and the number of fast-track plays increases, the situation changes. Meme coins are ultimately an attention economy. Attention driven by FOMO, controversy, and influence eventually translates into buying pressure on the charts. Media coverage of a Meme coin brings it more user attention, turning "buy the news" into a profitable trading strategy.
How long will this Meme season last?
So, how long can this Meme summer last?
Most older Meme players may have missed this wave of Meme wealth creation, simply because there are no truly new narratives or concepts. Instead, the market is revolving around the oldest play: celebrity coins. Take Solana's ANSEM, for example. Its success relied on the continuous endorsement and hype from Ansem (real name Zion Thomas), a major figure in the Solana Meme space, who constantly generated buzz by airdropping and sending money to his community.
ANSEM has also driven this round of Meme activity on the BSC ecosystem. Currently, the two highest-market-cap Meme coins on BSC, CZ and TCC, are also adopting the slogan "Create another ANSEM on BSC." The Meme coin CZ shares its name with Binance founder CZ and uses a "bullish image" of CZ wearing Binance hoodie as its Meme symbol. The Meme coin TCC shares its name with Meme KOL TCC (X: @TCryptochicks), gaining attention after CZ commented on one of its related tweets. TCC is now also replicating Ansem's airdrop strategy for the community.
A community-created meme image of ANSEM punching CZ
Aside from being confined to the celebrity coin category, another characteristic of this Meme season is the popularity of "coin burning" and "locked staking" mechanics. Some believe this is not innovation but a Meme strategy born out of scarce liquidity in a bear market—essentially a false prosperity that inflates Meme coin market caps to quickly attract hot money. To make liquidity even scarcer, coins are often sent to those unlikely or unable to sell. For example, Ansem's early airdrops supposedly went to "insiders" who wouldn't sell easily. Similarly, the Meme coin CZ transferred 70% of its supply to CZ himself.
Although this cycle's narrative is old wine in old bottles, the wealth creation on-chain is real. Don't doubt the market, because the market is always right. There's a famous saying in crypto that has stood the test of time: "Even a fool's consensus is still consensus." What is certain is that the market's focus has shifted from Solana to the BSC Meme ecosystem. On the afternoon of July 6, CZ posted a response to the BSC chain Meme coin炒作, stating, "May the best Meme win."
The stage is set, and the most important audience is in place. Just by looking at this, one can assert that this Meme carnival is far from over.
