From virtual to real, the positive Meme flywheel turns again

The market rhythm of meme coins changes very quickly. In a blink of an eye, ETH, which has been suppressed by Solana, has quietly regained its vitality.

From the changes in ETHs gas fees over the past week, we can clearly see the recovery of the ETH mainnet:

Give Vitalik coins, this once familiar way of attracting attention has returned again. During the National Day holiday, Ethereum co-founder Vitalik Buterin sold 11.76 billion MOODENGs through KyberSwap and exchanged them for 21,033 ETH (about 50,900 US dollars). On October 7, Vitaliks address sold 10 billion MOODENGs again for 308.69 ETH (762,000 US dollars) and transferred 260.16 ETH (642,000 US dollars) to the charity Kanro, which greatly increased the $MOODENG on Ethereum and set a new high.

On Twitter, Vitalik posted, “I’m very grateful to those Meme Coin projects that donate part of their token supply directly to charities. (For example, I saw Ebull donate a large number of tokens to multiple groups last month), any tokens sent to me will be donated to charity (thanks to Moodeng, the 10 billion tokens received today will be donated to the prevention and control of airborne disease technology), but I would rather donate tokens directly to charities, and perhaps set up a DAO to allow the community to directly participate in decision-making and processes.”

For this method of Vitaliks advertising space + charity to attract attention, players on the chain have mixed opinions. Some players believe that the meme on ETH cant come up with new content in terms of creativity, so they have to use the time travel technique to go back to the route of $SHIB more than 3 years ago, give money to Vitalik, and then Vitalik donates to charity or destroys it to form a good thing. This is a manifestation of ETHs bowing to Solana in terms of meme strength. Some players joked that ETHs standardized meme operation process should just be treated as a meme and issue a coin.

But the editor has a more positive view on this. If this process is so easy to replicate, then ETH should have been full of gold dogs. Vitaliks interaction is only a result, and the efforts behind the community cannot be ignored. Otherwise, anyone can give 80% or even 90% of the chips to Vitalik, and then the remaining 20% or 10% of the actual circulation will just sit and wait for it to take off.

Whether it is $MOODENG or $Neiro, these targets that finally came out have strong community power. How to judge the strength of the community power? Its very simple. No matter how much money is held, being able to gather the holders and do something seriously can be considered strong, not to mention that after the token price rises, there are still a steady stream of holders who take out their holdings to donate, which costs real money.

If we look at this process in the opposite direction, we can actually appreciate the charm of community power. On ETH, one of the memes that impressed me the most is $PEOPLE. Although $PEOPLE can now be classified as a meme, it was originally a DAO coin aimed at the Constitution Auction, which is a transformation from real to virtual. Compared with pure memes, the advantage of the DAO coin at the consensus level was reflected in a very clear direction for joint efforts from the beginning, such as Constitution Auction, Buying an NBA team, and Buying an island in reality. More similar is the early PFP-type NFT, everyone will buy it with a liking mentality, and then change the avatar.

Although the DAO track is now almost ignored, and all attempts to move towards the grand vision at that time almost all failed, the shock it left on us is still strong - as an individual, the power of you and me cannot be ignored, as long as we can unite and work towards a goal.

Therefore, although pure memes can fission and spread through interesting content, it is still more difficult for FT to actually unite holders to do something together than NFT.

Although the ETH meme seems to have recently regained the standard operating procedures from many years ago, the editor hopes that this standard operating procedure can continue and some new activities can be created based on it. For example, a meme based on McDonalds/KFC, which raises funds through the community, and then broadcasts live to distribute safe McDonalds/KFC meals to homeless people or other vulnerable groups who have difficulty getting enough food. For example, $EBULL, a meme derived from Vitaliks cow image, can we do something like cow care movement. Its okay to give Vitalik coins, but at the same time, you can also try to do charity without Vitaliks help. Would Vitalik be more willing to see it drive itself to do charity through the community, and then let Vitalik respond to the charity results?

The individual will of each player on the chain condenses the value of a currency, and uses this crystallization to benefit people or causes in the world in a charitable way. This is a very warm promotion for the currency and even the entire crypto market. This is also one of the differentiated advantages of ETH meme and Solana - if Solana reflects more of the vitality of content creation and young peoples recognition of niche culture, then ETH is more idealistic.

The positive meme flywheel of moving from virtual to real is turning again. This time, I hope it can turn longer.