New meme Murad: A new god with each new version?

Author: Alex Xu, Twitter: @xuxiaopengmint

Murad is very popular these days. It can only be said that each version has its own god.  

Murad entered the crypto industry not too early (2016), and his past investment experience is not successful (Adaptive Capital, founded in 2019, went bankrupt in 312 a year later), but this year he began to find his main task in this cycle: Meme narrative construction. As he said: "At the beginning of 24 years, I began to try to understand meme coins from the perspective of first principles." In June, he began to share his meme trading experience and targets in the community. In the next three months, he gradually completed the famous list of meme targets that "will explode in the next super meme cycle". With the emergence of wealth codes represented by SPX in this list, Murad has become a new generation of Meme God with his speech on the "Super Meme Cycle". In Murad's speech on "Super Meme Cycle", he put forward some "seemingly sharp" views, which constitute the logic of the advent of the Meme super cycle: 1. The supply of value coins invested by VC is in excess, the valuation is getting higher and higher, and the price performance is not ideal. 2. Value coins are the product of VC gathering, and retail investors can hardly share the profits and can only take over. 3. Since value coins have a relatively clear business model, there is a ceiling for valuation. 4. Whether it is value coins or meme tokens, they are all tables in the casino, so it is better to create a table to play by yourself. 5. Meme coins are purer than value coins, because they only need to focus on "community" and "tokens", while value coins also need to take into account software development and operation. 6. Meme coins provide: fun, reduced loneliness, identity, hope, friendship, participation in cutting-edge culture, a sense of belonging, teamwork experience in the crypto industry, a stronger sense of participation, resonance, emotional connection, a sense of mission and meaning, entertainment, and happiness. They even promote charity, collective artistic expression, collective imaginary reality, story creation, and legend building. 7. VCs don’t like meme coins because it threatens their core business: selling air. In addition, in another interview, Murad also gave the screening criteria for Meme: 1. Mid-market value coins between $5 million and $200 million 2. Located in Solana and Ethereum 3. At least six months of history Yes, these criteria seem broad and random.   

I have no intention of criticizing Murad for criticizing VC coins. What he said is not wrong, but it is a bit cliché, and the market has punished inferior VC projects with market-based penalties, such as the decline in market value and the fact that a large number of projects were listed and then broke the issue price (the secondary market did not accept the shares).

What I question is Murad's over-packaging and beautification of the grand narrative of the Meme cycle. The so-called "create a table to play by yourself", retail investors are actually incapable of "building their own table and taking money from the table".  

The so-called meme coins provide identity, cutting-edge culture and a sense of belonging. In the Meme project that has returned to zero, can investors still escape the grief of investment losses and continue to experience these beautiful emotional values? I think it's nonsense.  

Like most useless VC coins, the success of Meme was never created by the lofty "community culture", but by the planning of market makers like Gobit, which recently paid tens of millions of dollars in fines to the FBI for market manipulation, and the close cooperation of KOLs like Murad who stood in front of the stage.  

Who is more advanced than who?