At the dawn of a new cycle, the structure of the cryptocurrency sector is changing. Old discourses and logic no longer fully adapt and the market is moving towards greater efficiency. This can be seen in the Memecoin sector, which is known for its strong community interaction, humorous style, and rapid, often speculative, price growth. Although it still lacks substantial features, it represents a more efficient trading application.
In this bull market, Bitcoin is soaring and Memecoins are also starting to grow wildly, forming a collective enthusiasm. Whether combined with AI or improving functionality, Memecoins are continually innovating to provide more possibilities. While the Memecoin craze is unlikely to wane in the near term, it still relies on providing additional value, building unique communities, and maintaining resilience. So, by returning to rationality and considering it in a dialectical and developmental way, is Memecoin ushering in a super cycle?
On October 25, OKX, alongside several leading industry KOLs, including Benson of CoinKarma, Jackson, co-founder of 0xScope, Barbara, a key contributor to the Pepe community, Adam of the Solana Foundation and Jade Chen of the TON Foundation, held a Twitter space on the theme of Memecoins. They engaged in in-depth and engaging discussions on future industry trends and innovations, using the Memecoin hotspot as a starting point, and recorded the guests’ insightful perspectives.
OKX Alan Xu’s View: Memecoins are driving the development of decentralized platforms and infrastructure, attracting more users.
OKX’s Alan Xu gave a speech on behalf of OKX, briefly introducing the historical background and cultural value of Memecoins. He emphasized that Memecoins are not just entertainment; it is a social phenomenon born at the intersection of blockchain technology and popular culture. According to him, the current market enthusiasm for Memecoins is driving the development of decentralized platforms and infrastructure, attracting more users to participate in the blockchain ecosystem. This phenomenon not only highlights the attractiveness of Web3, but also inspires various public chain ecosystems and project stakeholders to think in-depth about the application potential of Memecoins.
CoinKarma Benson’s Take: The driving force behind the Memecoin wave lies in retail investors’ desire for innovation and fairness.
CoinKarma’s Benson analyzed the impact of the rise of Memecoins on on-chain and off-chain market trading volumes. He highlighted that recent on-chain trading volumes related to Memecoins have increased significantly, creating competition for trading volumes on centralized trading platforms. He specifically mentioned that OKX has invested resources in developing a Web3 wallet in 2022, becoming a key player in this trend. He further stated that the Memecoin wave is essentially a capital market exploration and vote for a new asset class, driven by retail investors’ desire for innovation and fairness. Benson predicted that the market will increasingly focus on Memecoins’ ability to attract more external capital and user influx to maintain long-term growth momentum.
0xScope Co-Founder Jackson’s View: Memecoins Could Become the New Industry Standard and Are Expected to Generate a Sustained Trend Similar to a “Super Cycle”
Jackson, co-founder of 0xScope, shared his views on Meme launch platforms. In Jackson’s opinion, Meme launch platforms like Pump.fun are performing great in terms of user demand and revenue, especially with the continued demand driven by the Meme craze. Additionally, Memecoins not only promote the development of launch pads, but also drive the growth of data and exchange infrastructure within the entire ecosystem. With the construction of various infrastructures, Memecoins are expected to become the new standard in the blockchain industry and could lead to a sustained trend similar to a “super cycle”.
Adam from Solana Foundation’s take: Much like previous NFTs, Memecoins are becoming a way for people to express themselves and create communities in the blockchain ecosystem.
Adam from the Solana Foundation shared the unique benefits of Solana in supporting the Memecoin ecosystem. He highlighted that the Solana blockchain is known for its low fees and fast transaction speeds, providing a seamless experience for Memecoin transactions. Adam further explained that the popularity of Memecoins also reflects the cultural aggregation effect, where this cultural identity encourages users to participate and support a common ecosystem. He predicted: “Much like the rise of NFTs in the past, Memecoins are becoming a way for people to express themselves and build communities in the blockchain ecosystem. »
The view of Barbara, Lead Community Contributor Pepe: Future development of Memecoins will be more community-driven, with members participating in the construction and management of the project.
Barbara, a core contributor to the Pepe community, explored the unique charm of Memecoins from a community perspective. She said the success of the Pepe community lies not only in creative expression, but also in players’ pursuit of culture and fun. Barbara believes that the future development of Memecoins will move more towards a community orientation, with community members participating in the construction and management of the project, thus further strengthening community cohesion. She specifically mentioned: “Memecoins are not just a speculative market; they are a phenomenon with social, creative and cultural attributes, bringing together the enthusiasm for innovation and the participation of a new generation of users. »
TON Foundation Jade Chen’s View: TON Set to Launch Meme Launchpad and Special Support Plan for Memecoins
Jade Chen from the TON Foundation discussed the application potential of Memecoins in the TON ecosystem, starting from the social attributes of Telegram. She pointed out that the TON community has driven the development of Meme culture through social methods. She revealed that TON is about to launch a Meme launch platform and has a special support plan for Memecoins. Jade said: “The TON community, through the widespread diffusion effect of decentralized social networks, can bring higher efficiency and impact for the diffusion and implementation of Memecoins. »
In the ensuing discussion, guests addressed the demand behind the rapid development of the Memecoin market, particularly infrastructure gaps. For example, the large-scale use of Memecoins imposes higher demands on the trading efficiency and traffic management capabilities of the platform. Additionally, participants analyzed how to integrate Meme cultural elements into current Web3 products to better meet young users’ expectations for social interaction and entertainment experiences. Regarding new launch platforms, they believe that these platforms not only accelerate the circulation of new tokens, but also attract more users to the market, thus enabling sustainable growth through interaction and to the creation of communities.
Among them, Alan Xu pointed out that as the Memecoin ecosystem gradually matures, OKX Ventures will continue to support this ecological innovation, helping the development of the industry from multiple aspects such as technology, resources and investment. This aims to further improve the infrastructure of the Memecoin market, promote the deep integration of Web3 and Meme culture, and support innovative projects with long-term potential.
Although Memecoins remain a speculative asset class, they have become a symbol of the intersection of culture, community, and Web3 finance. For users, understanding the social and cultural context behind Memecoins will be essential to effectively navigating this area. As always advised, invest with caution, as the volatility of Memecoins brings both high returns and risks.
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