Coin World Report:
With the volatility of the cryptocurrency market, MEME coins have become an important battleground for various ecosystems. Especially in 2024, the popularity of MEME coins continues to rise, attracting the attention of countless investors. This article will delve into the current dynamics of the MEME market, including the strategies of major participants, market performance, and possible future development directions.
I. Current Situation and Challenges of Pump.fun
As the leader in the MEME coin market, Pump.fun’s team generated over $54 million in revenue in just four months. However, data from DefiLlama reveals that Pump.fun’s revenue is inflated, with actual revenue being around $48 million. Recently, Pump.fun has seen a significant decline in daily trading volume and active users, with overall data decreasing by almost half. This indicates that even market leaders are unable to avoid the cyclical fluctuations and intensifying competition in the market.
II. Competitiveness of Moonshot
While Pump.fun faces challenges, more competitors have entered the MEME market. Moonshot, launched by DEX Screener, is one of them. Although similar in functionality to Pump.fun, Moonshot lacks a communication board and live streaming feature, which reduces its popularity compared to Pump.fun. As of July 5th, Moonshot’s total revenue is only 3645.65 SOL, far below Pump.fun’s daily revenue. This shows that emerging platforms have a hard time shaking the position of market leaders in a short period of time but lay the foundation for future competition.
III. Strategy and Layout of Jupiter
To establish a presence in the MEME market, Jupiter has launched the market exploration tool APE. APE’s main functions include discovering newly listed tokens and providing Vault functionality. The Vault function allows users to deposit SOL tokens into their Vault account before trading, thereby avoiding on-chain confirmation delays and MEV bot attack risks. Although this tool has just launched and has some shortcomings in user experience, its innovative feature sets provide new ideas for future market competition.
IV. Performance of the TON ecosystem
The MEME coin market in the TON ecosystem is relatively lackluster. Platforms such as Gas Pump, Wonton, and Pumper, although offering one-click token issuance functionality, have low overall popularity. For example, Gas Pump’s highest market value for tokens is only $14,700, clearly failing to generate widespread interest in the market. This phenomenon reflects that in the fiercely competitive MEME market, innovation in technology and tools alone is not enough to attract investors; market demand and popularity remain key factors in determining success.
V. Market Trends and Future Outlook
According to data from Coingecko, the MEME coin market has declined by 22.5% in the past 7 days. Previously hot pre-sale tokens, celebrity tokens, and cat/dog tokens have all experienced significant price declines. This trend indicates that the market frenzy for MEME coins is cooling off, and it is not surprising to see new mainstream MEME coins experience drastic price drops in a short period of time. In the future, as the market gradually stabilizes, investors need to be more cautious in selecting investment targets and avoid the risks associated with following hype-driven speculation.
VI. Strategies and Recommendations
For investors, making profits in the MEME market is not easy. Firstly, it is crucial to remain calm and rational. Investors should avoid being swayed by short-term market fluctuations and formulate long-term investment strategies. Secondly, a deep understanding of the fundamentals of each MEME project is important, assessing its long-term potential for development rather than just chasing short-term market popularity. Additionally, utilizing technical analysis tools and market sentiment indicators to timely adjust investment strategies is necessary to cope with rapid market changes.
Overall, although the MEME coin market is full of opportunities, it also comes with high risks. Against the backdrop of declining market enthusiasm and intensifying competition, investors need to be more cautious and rational in their investments. By thoroughly understanding market dynamics and evaluating the potential and risks of each investment opportunity, investors can find their position in this challenging market. We hope that every investor can achieve desirable returns in the future market.
