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Ethereum on-chain prosperity returns, Meme ecosystem rejuvenates.
Recently, the market has rebounded from the bottom, and Ethereum has performed particularly well. With the Pectra upgrade, continuous ETF buying, and the successful Virtual new model, along with other favourable information, the price of Ethereum coins continues to pump, boosting on-chain Memecoins to become active again.
In comparison, although the Solana ecosystem saw a broad rise in established secondary Memecoins and the AI sector, the pace in the primary market has accelerated, lacking new narrative support. The upper market is facing continuous selling pressure, while the lower market is being continuously drained, narrowing the profit space for ordinary users.
Ethereum Meme revival, Matt Furie concept returns. Pepe, as the ETH Meme leader, leads in market capitalization, capital inflow, and rise. Matt's works are deeply bound to EVM systems, and projects like ANDY and BRETT also perform well. With the strong rise of Ethereum, the Matt concept has regained market attention.
RATO is a character from Matt Furie's new book, resembling a gray mouse version of "Pepe", with a peak market value of $36 million. BERRY is the female version of "Pepe", which once reached a market value of $55 million. FROGGER originates from a classic arcade game, and although it is a new concept, its future development is uncertain.
On the Solana side, the established Meme projects have received a large influx of funds. The BONK series platform, BONKFUN, has performed well, attracting a significant number of project parties and players through incentive programs. Projects like USELESS, HOSICO, and IKUN have gained varying degrees of attention.
Old-school Memecoins like MoonDeng, PNUT, and TITCOIN have also experienced a collective explosion. The secondary targets in the market are mainly concentrated on old coins that have been launched for more than 150 days and some AI concept projects.
However, there are opinions that this round of on-chain prosperity lacks incremental funds, making it difficult to see a super Meme at the level of the previous round. As the market pace accelerates, investors need to carefully grasp the investment philosophy of "be fearful when others are greedy, and be greedy when others are fearful."