BSC, Robinhood, and Base in a Three-Way Showdown: Weekend Hot Meme Coins Roundup
- Key Takeaway: The cryptocurrency market has been volatile recently, while the Meme coin sector remains active. Trading platforms such as Coinbase and Robinhood are aligning with public chain ecosystems, creating a standardized "exchange + L1 blockchain + Meme coin" playbook that is driving Meme coin rallies across multiple chains.
- Key Elements:
- Coinbase listed Basecat, which had a market cap of approximately $9 million, setting a record for fastest listing and fueling a Meme coin craze within the Base ecosystem, where its market cap briefly exceeded $41 million.
- Bicat in the BSC ecosystem rode the wave and surged, but its developer holds 168 tokens, posing high risk; BNBCAT has a straightforward concept yet has shown lackluster market performance.
- CashCat, a native Meme coin on the Robinhood chain, saw its market cap halve from an all-time high of $234 million to around $110 million, though it is still regarded as the leading token on that chain.
- CATE in the Solana ecosystem briefly surpassed a $91 million market cap but pulled back to around $44 million amid a "naming controversy."
- Industry trends indicate that "ecosystem token launches + community hype + exchange listings" have become an assembly-line model, and Solana's lack of its own trading platform to capture value means profits are hard to channel back.
Original｜Odaily Planet Daily (@OdailyChina)
Author｜Wenser (@wenser 2010 )
After a sharp rally on Thursday and Friday, the broader crypto market has pulled back into a short-term consolidation phase, while the Meme coin sector has stood its ground.
Basecat, a Base ecosystem token, was listed on Coinbase, once again fueling a Meme coin craze. BSC Meme coins like Bicat and BNBCAT, SOL Meme coin CATE, and Robinhood Meme coin CASHCAT have emerged as the hottest representative projects in the market.
Odaily Planet Daily will provide a brief overview of some of these Meme coin projects, using this as an entry point to discuss the current "exchange + public chain + Meme coin" market strategy.
Coinbase Doubles Down on Meme Coins: Basecat Gets Listed on Exchange at Just $9M Market Cap
Yesterday morning, Coinbase officially announced the listing of 5 tokens, including Basecat. Among them, Basecat, a Meme coin with a market cap of approximately $9 million, drew significant market attention for its "fast-track listing on Coinbase."
Reportedly, this Meme coin features a cat wearing a blue safety helmet and was issued as a B20 Meme coin via the o1 Launchpad platform. It is viewed by the market as "a symbol of the builder culture within the Base ecosystem."
Subsequently, Basecat's market cap quickly climbed, briefly surpassing $41 million. As of writing, Basecat's market cap is approximately $28.8 million, with close to 20,000 holding addresses. Notably, this also marks the first time Coinbase has bucked its usual trend to rapidly list a Meme coin that has only been in circulation for a week, prompting many to exclaim, "Coinbase has finally caught on."
Soon, the "cat Meme coin craze" sparked by Basecat began spreading to other ecosystems, with BSC ecosystem's Bicat showing the most explosive gains.
BSC Ecosystem Meme Coin Representatives: Bicat, BNBCAT
The popularity of Basecat has made the BSC ecosystem restless as well.
Someone unearthed a post from Binance's official account last December soliciting name suggestions for a "yellow-black kitten." In the comments, Flap, a BSC ecosystem token launchpad, officially named it "Bicat." Subsequently, a Meme coin with the same name began surging rapidly. Yesterday, its market cap was below $1 million at its lowest, before spiking to around $7.4 million. As of writing, Bicat's market cap is approximately $1.2 million, with around 6,000 holding addresses.
It's worth noting that the token developer has launched as many as 168 tokens, making them a true "serial on-chain entrepreneur."
On the other hand, Bicat's explosive rise has also triggered the familiar "siphoning effect" within the BSC ecosystem. BNBCAT emerged this morning as a result.
This Meme coin primarily markets itself on the "Binance Cat" concept, which is more straightforward compared to Bicat's naming-driven concept. The official account also shared a "BinanceCat" related tweet posted by Binance founder CZ as early as 2023.
Of course, this token is undoubtedly riding on a "celebrity angle," so its market performance has been relatively mediocre, peaking at a market cap of under $2 million. According to GMGN data, as of writing, the token's total market cap is approximately $800,000, with around 4,000 holding addresses.
Robinhood Ecosystem Meme Coin Representative: CashCat's Market Cap Halved from Peak
When it comes to the hottest Meme coins recently, CashCat on the Robinhood chain is undoubtedly a standout. It was previously listed on Robinhood as the "first native Meme coin on the Robinhood chain," and is considered a key component of the latter's dual "RWA + Meme coin" strategy.
However, after its Robinhood listing, CashCat failed to defy gravity, with its market cap sliding from a peak of over $234 million to around $110 million now. Despite this, it is still regarded as the "leading Meme coin on the Robinhood chain." Should the ecosystem experience another surge, its market performance could see a rebound.
Solana Ecosystem Meme Coin Representative: CATE, "A Cat Has Nine Lives"
In this "weekend Meme coin arena showdown," the representative project from the Solana ecosystem is CATE, which markets itself on the concepts of "a cat has nine lives" and being the "pet cat of the owner of the DOGE mascot Shiba Inu," despite Kabosu Mama previously clarifying that the token has no relation to her.
After undergoing multiple cycles of "surge-crash-rebound," CATE has leveraged this weekend's "cat Meme coin craze" to return to the spotlight. On August 21, its market cap rebounded past $35 million; it then continued climbing, and by this morning, its market cap had surged past $80 million, subsequently hitting an all-time high of over $91 million.
But the story quickly took a sharp turn: A netizen named Eno posted claiming to have discovered in a magazine that the newly adopted pet cat of Kabosu Mama (owner of the DOGE mascot Shiba Inu Kabosu) is actually named Yomogi. Although the authenticity of this claim cannot be verified, and many community members angrily dismissed it as AI-generated in the comments, and no same-name Meme coin has reached a market cap of over one million dollars, CATE has inevitably been affected.
Likely impacted by this news, the Meme coin, originally built around the "naming of the pet cat owned by the DOGE mascot Shiba Inu's owner" concept, saw its price drop accordingly. Its market cap nearly halved, and as of writing, it stands at approximately $44 million.
Summary: The "Exchange + Public Chain + Meme Coin" Ecosystem Strategy Has Become Standard
Looking at existing market projects and the recent listing patterns of platforms like Binance, Coinbase, and Robinhood, we observe that the ecosystem-driven approach of "exchange + public chain + Meme coin" has become the industry standard. From Binance's previous "Alpha + Meme Rush + Binance Wallet" initiative and Robinhood's "brokerage main exchange + Robinhood chain + Meme coin listing" to Coinbase's belated imitation in recent days with its "low-market-cap Meme coin listings on the main exchange," these strategies all signal that "ecosystem token issuance + community hype + exchange listing" has gradually formed an assembly-line style industry model.
However, the Solana ecosystem does have a clear shortcoming in this regard: it lacks its own exchange listing to serve as the "final stop for liquidity." Therefore, despite having leading launchpads like Pump.fun within its ecosystem, it struggles to funnel profits back to benefit itself. Going forward, combinations like Coinbase + Base + Meme coins, Robinhood + Robinhood Chain + Meme coins, and Binance + BSC + Meme coins may continue to create more wealth-generation miracles.
