What do you think of the recent and very controversial $M3M3?

Some details to know about $M3M3

1.What is $M3M3?

Meteora borrowed the Ve (3, 3) mechanism from DEX to invent a (3, 3) mechanism for launching Meme coins: MEME (3, 3)

That is, the top 1,000 MeMe stakers can get the transaction fee revenue captured by MeMe LP.

Meteora has developed a Meme coin launch platform based on the MEME(3,3) mechanism: M3M3

Inspired by MEME (3, 3), the Meteora community used the M3M3 platform to launch the platform’s first Meme coin, $M3M3.

Thus, $M3M3 theoretically has no direct relationship with Meteora, but those who know it will understand that the market will compare $M3M3 to that of Jupiter. $WEN and HyperLiquid$PURR

2.Why does Meteora issue $M3M3?

Observing the latest DEX track status in the Solana ecosystem, Meteora’s market position is as follows:

–The trading volume market share accounted for 7.4%, ranking fourth after Raydium, Lifinity and Orca.

— Liquidity market share accounted for 9.2%, ranking third after Raydium and Orca

–Rixin Token launch share ranks third, after http:// Pompe.fun and Raydium

From the above, we can see that Meteora has some advantages in terms of liquidity and daily token launch, but has disadvantages in terms of trading volume.

The launch of the M3M3 launchpad can not only consolidate the advantages of Meteora products in LPs and new tokens, but also drive the growth of trading volume on the platform. This is an excellent strategy that kills two birds with one stone.

3.How should we view $M3M3?

First of all, the attribute of $M3M3 is the MeMe coin, not the platform coin of M3M3.

Second, it is obvious that $M3M3 is an atypical MeMe coin. Its evaluation method is not based on attention economy and market sentiment flow as main dimensions, but mainly considers its APR and potential airdrop return rate.

Based on my recent on-chain MeMe coin PVP experience, I am not particularly optimistic about the new MeMe coin launch paradigm such as M3M3.

Because what really makes MeMe Coin attractive is the addictive instant return mechanic (quick doubling or drilling into the ground), high volatility (intraday fluctuations often range from -90% to +10000%) + high rate uncertain return.

This is a kind of Dionysian carnival, and the calculation of APR and potential returns of airdrops is too rational, belongs to Japanese culture, and is inconsistent with the MeMe coin market environment.

Summary: Consider $M3M3 as a tool for making money and don’t take it as a serious MeMe coin.