Analysis of the Development Process of meme币: From Speculation to Ecological Construction

The development of memes can be roughly divided into three key stages: Groundbreaking/Foundation (2013-2016), Dormancy/Outbreak (2017-2021), and Sedimentation/Reconstruction (2022-2025).

1. Breaking Ground/Foundation Laying (2013-2016): Barbaric Growth, The Tide Washes Away the Sand

This period witnessed the original innovation journey of memes from zero to one, presenting a unique ecology of both barbaric growth and natural selection. Main features:

• Mostly based on forks of Bitcoin or Litecoin code.
• The average active cycle is only 11.7 months
• Some projects exhibit astonishing vitality ( like DOGE )

Typical case:

Ephemeral type:

• Mooncoin: Using "moon landing" as a slogan, but lacking practical applications.
• Fedoracoin(TIPS): Targeted at specific subcultures on Reddit, but development is limited.
• Nyancoin: The first officially authorized cryptocurrency, but its cultural influence is not as strong as DOGE.

Invincible General Type:

• Dogecoin(DOGE): The most representative memes, continuously maintaining popularity and influence.

2. Hibernation/Outbreak ( 2017-2021): In the era of smart contracts, memes usher in a qualitative change.

The past five years have witnessed the transformation of memes from a fringe subculture to a mainstream financial asset. Main characteristics:

• The technology of smart contracts has matured, reconstructing the issuance logic.
• Market capitalization significantly increased
• Some projects have begun to attempt ecological construction.

Typical Case:

Meteor Shining Type:

• Useless Ethereum Token(UET): A satirical project marketed as "useless"
• Hoge Finance(HOGE): Deflationary model experiment, but difficult to sustain popularity.

Stellar Luminous Type:

• Shiba Inu(SHIB): From meme frenzy to ecological ambition transformation

Transformation Breakthrough:

• Floki Inu(FLOKI): trying to build a DeFi, NFT, and other ecosystems
• SAMO(Samoyedcoin): Solana ecosystem "mascot", but development is limited.

3. Sedimentation/Reconstruction ( 2022-2025 ): The Rise of New Narratives, the Market Begins to Shuffle

The meme coin market has transitioned from frenzy to rationality, undergoing a deep adjustment. Main characteristics:

• Rely on public chain ecosystems ( such as Solana, Base )
• New narratives such as political finance ( PolitiFi ), AI, etc.
• Some projects attempt to build practical application scenarios.

Typical case:

Short-term speculation type:

• Trump(TRUMP): political themed memes, highly volatile

Ecological Driven:

• Dogwifhat(WIF): A popular project in the Solana ecosystem, but facing long-term survival challenges.
• BONK: The "rescue dog" of the Solana ecosystem, promoting ecological recovery

Narrative Innovation Type:

• Goatseus Maximus(GOAT): AI-themed memes, exposing algorithm manipulation risks

Cultural Symbol Type:

• MOODENG: A meme coin based on internet celebrity IP, facing the challenge of sustained popularity.

Future Outlook

• Technological innovation: New concepts such as AI+meme, DeFAI continue to emerge.
• Community Building: The celebrity effect and community consensus remain key factors.
• Regulatory challenges: Facing stricter scrutiny and increased survival pressure.

The meme coin market is undergoing a transition from wild growth to rational development, and in the future, it may place more emphasis on balancing speculation and substantive value.