How Musk Became the Godfather of Memes

Golden Financial Reporter Jessy

Musk’s concept Meme coin has skyrocketed again, this time it’s “ClosedAI”. On March 6, Musk only mentioned "ClosedAI" multiple times when criticizing OpenAI on Twitter. The meme token rose by more than 2,800% in three hours.

Musk can be said to be the master of meme tokens, from the intentional Doge to the unintentional CloseAI. Musk has become the well-deserved godfather of Meme. Not only will he take the initiative to buy some Meme coins, but more people will follow his Twitter in order to discover on-chain projects or mass-produce Meme coins at the first time. The following is a typical summary of Golden Finance An introduction to Musk’s concept Meme coin.

Doge

Doge was born in 2013. Its earliest use was for small transactions on the Internet. Reward. In the bull market of 2021, Musk frequently posted remarks related to Doge on Twitter, and publicly called for Dogecoin when he participated in TV shows. The most recent high-profile call was in April 2023. , Twitter’s icon was changed to a Shiba Inu, and Doge’s price rose by 30% that day.

It can be said that Doge is currently deeply bound to Musk. People are rumored that Musk will use Doge as a payment token on Twitter. Musk wants to Doge is a circulating token on Mars...Doge's popularity has not diminished under various speculations.

Doge’s current market value is US$22 billion, ranking 9th.

FLOKI

Another member of the dog family, Musk has promoted it in 2021 I especially posted about my pet Shiba Inu named FLOKI. Later, someone established a Meme token with the same name, and currently FLOKI is no longer just a Meme currency. Starting from the Meme currency, the team also created NFT, Defi, chain games, and founded courses related to crypto education. Moreover, it benefited from the zoo market in the last bull market, so its market value and number of holders are both high among Meme coins. However, other projects founded by its ecology are not as popular as the Meme project.

Currently, its market value is US$1.28 billion, ranking 82nd.

TROLL

On January 9, 2024, Musk changed his Twitter profile to The introduction became (CTO) chief Troll Officer, and then the TROLL currency price soared.

TROLL is actually a token that was deployed on Ethereum a year ago, but it never caused any waves until Musk changed his proposal. Special signature. After Musk deleted his Twitter signature, TROLL also fell by 50%.

However, in this round of Meme craze, it has more than doubled, making it a more viable Meme coin compared to SMILEY.

The current market value is US$68.36 million, and it is currently ranked 2366th.

GROK

In December 2023, Musk announced that he would launch the first AI model GROK , and the Meme coin of the same name was subsequently established and increased fivefold in two days. However, after someone revealed that GROK was created by a scam artist, the price of the currency fell off a cliff.

GROK's current market value is US$67 million, ranking 2401.

SMILEY

On January 16, 2024, Musk released a Meme Figure, because the text above contains Meme and smiley elements, the price of SMILEY, a token previously deployed on Ethereum, has increased accordingly. The one-day increase was as high as 895%.

However, like most Meme tokens, this token experienced a sharp rise and then plummeted. Although it has experienced this Meme boom again, its Prices did not usher in another surge.

Currently, the market value is US$2.13 million, ranking 2619.

Summary:

Just a week ago, Musk tweeted that "Fine , I will get back on the meme grindstone!”

Meme currency market has become turbulent again. Meme currency itself is a market dominated by emotions, and celebrities bring their own traffic, so the Meme currency market where they place orders will not be bad. In addition to Musk, Meme tokens related to Vitalik have also grown rapidly. However, these Meme coins related to celebrities are also affected by the words and deeds of celebrities, and the risks are higher. For example, Musk's sentence "Dogecoin is a scam" on a TV show caused it to plummet.

And most Meme tokens that use celebrity-related concepts have a short life cycle. After a sudden rise, they will basically plummet, and then no one will care about them. . Only Meme coins like Doge, which Musk keeps calling for orders, will always be popular. For investors, all they have to do is identify early Meme-related opportunities, actively invest, and then get out when the buzz is high.

Looking forward to actively embracing Meme culture Musk, and promoting the birth of more million-fold Meme coins in this bull market.