Recent Meme Craze, through crowdfunding, has further swept through the entire cryptocurrency market, and this article lists the methods of obtaining information about new Meme projects, helping you understand how to find the next Meme coin alpha.
Table of Contents
Popular New Meme Review
SNAP(NAP)
Nostalgia(NOS)
Slerf(SLERF)
Methods to Obtain Meme Projects in Advance
Following the success of Meme coin BOME, with a return on investment of nearly 460 times, the Solana Meme wave has once again begun. The new generation of Meme fundraising has become a standard for popular Meme projects recently.
Compared to the previous trends in Meme coins, the scale, price increase, and rapid breakthrough of this round of Meme coins have impressed the market and shocked the hardworking cryptocurrency projects. “Years of hard work, not as good as a few days of MEME.”
In this round of market trends, Meme has capitalized on the FOMO (fear of missing out) sentiment of investors in mainstream coin markets. While the overall market has been rising and Bitcoin has been reaching new highs, not all native cryptocurrency users have benefited from the rise brought by traditional capital. The emergence of this round of Meme craze has allowed this FOMO sentiment to be released, creating the myth of BOME’s market value surpassing $2 billion in less than three days and landing on Binance in three days.
On the other hand, the birth and development of this round of Meme also coincides with the development context of asset issuance models in the crypto world. In the past, most Meme tokens originated from certain events, celebrities, or cute pets, with random attributes. However, the rise of BOME this time has allocated all the funds raised to the LP pool, reducing the risk of control by project parties in Meme coins, creating a fairer token launch feeling and aligning with the core values of Web3.
Both factors have pushed this round of Meme market to a climax and further increased the community cohesion of the Solana ecosystem, making Solana (SOL) and The Book of Meme (BOME) the most popular tokens on crypto social media last week.
The Book of Meme (BOME)
On March 13th, The Book of Meme (BOME) began crowdfunding, raising over 10,000 SOL in just two days. Darkfarm, the founder of the project, added all the raised SOL to the LP pool. The initial price was $0.03496 USDT, reaching a high of $0.0268 USDT, with a maximum increase of nearly 460 times and a market value of over $2 billion. Platforms such as Bybit, XT.COM, CoinW, etc., have successively listed BOME, creating the myth of landing on Binance in three days. Currently, BOME is priced at $0.0092 USDT, with a market value of $638 million.
As the leading project of this round of new Meme craze, The Book of Meme was created by Pepe Meme artist Darkfarm. It is a permanent storage album for Meme and will expand with a series of Meme creation features.
BOME adopts a pre-sale crowdfunding method and injects all the raised funds into the LP pool, strengthening token liquidity and attracting large capital. The project’s revenue is donated, so once the token rises, investors gain substantial returns and donate some funds to the founder, creating a favorable situation. This makes the relationship between the founder and the community more like interdependence.
However, when the token price falls, the project’s future development momentum is in question, and we believe we will soon see the answer.
On March 15th, KOL Kero opened a poll on social media about “whether to issue Solana Meme tokens.” After the poll was approved, in less than two days, SNAP raised about 54,696 SOL, worth over $10 million at the time. Randomly on March 17th, a liquidity pool was built on Raydium and trading was opened, with an initial price of $0.04216 USDT, reaching a high of $0.03153 USDT, with a maximum increase of over 7 times and a market value of nearly $200 million. Platforms such as Bitget, XT.COM, CoinW, and Gate.io have successively listed NAP. Currently, NAP is priced at $0.04162 USDT, with a market value of $26.64 million.
SNAP is a new Meme project that has been frequently selected by CEX after BOME, and its popularity remains high. SNAP’s representative COCO is an image of an alligator similar to the PEPE style. However, the issuance of SNAP tokens this time is mostly based on popularity, and there is no disclosure of subsequent development plans similar to BOME.
On March 16th, Nostalgia (NOS) began crowdfunding and raised over 16,000 SOL in less than 12 hours, worth over $3 million at the time. On March 17th, NOS completed over-time fundraising refunds, token airdrops, and token listing.
The project founder, Satoshis Mom, also injected all the raised funds into the LP pool. The initial price was $0.0059 USDT, reaching a high of $0.0698 USDT, with a maximum increase of over 11 times and a market value of nearly $90 million. MEXC and BitMart have listed NOS one after another. Currently, NOS is priced at $0.0043 USDT, with a market value of $4.23 million.
Compared to the previous two projects, Nostalgia (NOS) has relatively lower popularity, but the overseas community atmosphere is better. The project founder, Satoshis Mom, has been creating pixel art since early 2021 and has sold over 7,000 NFT artworks to more than 1.1 million collectors on Ethereum. The concept of this Nostalgia project is “nostalgia,” and Satoshis Mom also announced plans to launch a Bitcoin-themed text project in Discord.
On March 17th, Slerf (SLERF) released a crowdfunding tweet on Twitter. After only 13 hours, the fundraising limit was reached, and over 50,000 SOL was raised.
Then on March 18th, bad news was reported about the Slerf project. The project founder made a mistake in operating and destroyed the airdropped tokens, and the minting rights were revoked. At the same time, the project founder confessed his mistakes through tweets and Spaces. However, unexpectedly, the Slerf project did not die out but instead received a response from the community, with many buying in, causing the token price to increase by over 700% in one hour. At the same time, BOME took only 30 minutes to reorganize, breaking a market value of $100 million in 9 hours, and the token price reached a high of $1.36 USDT, with a market value of nearly $700 million. The current price is $0.7578 USDT, with a current market value of $380 million.
As the most prominent presence in the Meme sector today, Slerf has attracted the attention of exchanges such as XT.COM, Bitget, and CoinW, and has been listed one after another.
The above are representative Solana Meme projects selected from numerous Meme projects. However, the popularity of this round of Meme has also spread to other public chains, such as LPM on Aptos and sener on Avalanche.
The wealth effect brought by this round of Meme market has made most people “jealous.” So how can we obtain information about projects in advance and judge their potential as much as possible? Summarizing the characteristics and tools related to this round of Meme market, we provide them for your reference.
From the perspective of query tools:
First, in this round of Meme market, Twitter is the main battlefield for most project crowdfunding. Most well-known project founders will first initiate a “whether to issue tokens” poll on Twitter to collect the attention of the first part of the community, and then promote through crowdfunding tweets. Therefore, how to quickly find information about the heat and new Meme tokens on Twitter mainly relies on keyword searches.
For example, most new project crowdfunding tweets will associate with well-known Meme projects. Therefore, search for related well-known projects on Twitter, such as PEPE, BOME, and the recently popular SLERF. However, it is necessary to timely discern the authenticity of the project and choose project founders with higher popularity, such as looking at the number of Twitter followers, whether there is attention from influencers, and the popularity of each tweet.
Secondly, there are dedicated data analysis tools such as Dexscreener and Arkham Intelligence, which find Meme tokens with higher market heat through data changes in the market. However, these tools require a certain level of proficiency, and beginners need to explore them.
Finally, first-hand market data websites. Most of the time, it may not be possible to obtain early Alpha of new projects, but you don’t want to miss out on later price increases. In this case, price trend analysis and other market tools are needed. CoinGecko and CoinMarketCap, which have been used more in the past, do not have excellent timeliness for data on new Meme coins. Birdeye stands out in this round of Solana Meme market.
From the perspective of project characteristics:
First, the fundraising method of BOME is the main feature of this round of Meme market, injecting all raised funds into the LP pool, which improves token liquidity and creates opportunities for fair launches.
Second, looking at the common features of most projects such as BOME, NAP, and Slerf, the Pepe style projects dominate. Darkfarm, the founder of BOME, is a Pepe Meme artist; NAP is derived from COCO (an alligator in the Pepe style); Slerf (a sloth in the Pepe style).
Finally, excluding the unexpected popularity of Slerf, most projects can achieve higher returns by looking at the depth of the LP pool, which is the total amount of funds raised. Therefore, pay attention to the fundraising progress and total amount of relevant projects to judge the popularity of the project. The most important reason is that with a higher LP pool depth, large investors or so-called market makers are willing to enter the market, causing a FOMO sentiment among the public, and thus rushing to buy.
At this point, I would also like to remind readers that although this round of Meme market has brought high wealth effects, Meme coins are volatile and short-lived. Please invest cautiously and be aware of the risks.