Finding angles and playing conspiracies, crazy Ethereum MEME week, who is the winner in the end?
Over the past week, the on-chain market of the ETH mainnet can no longer be described as simply "lively". Bao's interest rate cut has revived the already active on-chain market: there is a golden dog every day, and on weekends there are two or three waves of market in a day. The mainnet Gas also soared to around 70Gwei at one point, and it was expensive to even breathe on the chain.
From finding concepts to rolling angles, the sentiment of "not accepting each other's business" spreads to MEME
As for the recent on-chain market, it is more accurate to describe it as a “separatist melee”. The weekend, which is fleeting in the eyes of workers, is quite saturated and fulfilling for on-chain players.
Doge founder's dog, Musk's "Mars City" plan, Trump silver coin and other concepts come with their family bucketTokenOne after another, it seems that if no new concepts are introduced, it would be a waste of the sentiment and liquidity on the chain.
However, as the market has evolved, new concepts are obviously not enough to satisfy PVP enthusiasm. The meme market has upgraded from "finding concepts" to "rolling angles": as soon as a new hype concept appears, various memes with the same name will appear.TokenThey have sprung up like mushrooms after a rain, and new, old, big and small, with all kinds of self-consistent angles take turns to appear.
Not to mention the distant past, just the concept of Musk's "Mars City" that broke out over the weekend has given rise to several large-cap targets: $TERMINUS (Mars City Name 1), $BAR (Mars City Name 2), various spaceships, interstellar hotels, astronaut dogs... not to mention that each coin has to be divided into uppercase and lowercase.
Obviously, the phenomenon of "not taking over each other's orders" has been subdivided into the Meme market. You buy uppercase and I buy lowercase. You go for three-point DOGE and I go for four-point DOGE. Everyone plays their own game. The crazy angle-finding behavior of various masters seems to be competing for the "final right of interpretation" of this narrative, until more and more people recognize this angle and finally win the upgraded PVP. In order not to carry the sedan chair for others, everyone really fights.
The rotation of various narratives has brought about a market value of tens of millions of yuan one after another, and various myths of getting rich quickly have also appeared one after another. However, in the on-chain market, there are stories of "getting rich quickly", and naturally there are also stories of "getting rich quickly".
Taking advantage of human weaknesses, conspiracy groups also engage in psychological warfare?
A fragile narrative
Even after winning in many concepts and angles, local dog players will still face many "force majeure" threats. For example, $MISHA in the concept of "V God's dog" went from 0 to 20 million US dollars in market value in one day, but the market value was cut in half again the next day because of V God's words "I don't have a dog". In a short period of time, holders fled frantically, Gas soared during the stampede, and countless people's dreams of getting rich fell freely with the price.
Yes, some so-called "narratives" that arise in an instant are often untenable, and the fragile enthusiasm generated by a celebrity's words can also be extinguished immediately because of a single word.
However, this "fragility of narrative" was precisely exploited by the conspiracy group, who set traps for players one after another to manipulate human nature during this passionate weekend.
Hardcore narrative?
Compared to centralizedexchangeIn the first-level chain transactions, since all information is more transparent and the tools are diverse, individual operations can be almost seen at a glance by those who are interested. Therefore, the "fighting" in transactions in the chain world is more face-to-face and direct.
在周六，一个叫 $DOGGO 的Token横空出世，走势丝毫不拖泥带水，上线四个小时接近 2000 万美元市值，在许多人还在享受周末的睡眠时，$DOGGO 已经拉盘结束了。
After further understanding, it turns out that the $DOGGO concept still follows an OG narrative:
Founder of Dogecoin $Doge Shibetoshi Nakamoto Old players should be familiar with the fact that they sold all their $Doge very early. This time, the $DOGGO project also gave 6.56% of $DOGGO tokens to Shibetoshi Nakamoto, and Shibetoshi Nakamoto Indeed, I sold all the $DOGGOs I had. I have played this "selling at a high price" narrative in many projects before, but this time Shibetoshi Nakamoto Not only is he "selling flights", he is also interacting crazily on topics related to $DOGGO.
Shibetoshi Nakamoto This interactive behavior is nothing more than an ambiguous "endorsement" in the eyes of those who are interested. At the same time, $DOGGO's simple and crude OG narrative adds a conspiracy color. Degens who are tired of fragile narratives and PVP will be in a state of panic when they see this. SmartwalletThey all bought in. As a result, while many people were still reacting, the price of $DOGGO continued to rise.
Some people support the platform, some people pay the bills, the price rises and the market value soars. It seems that $DOGGO is not far from the ultimate goal of "listing". However, the subsequent plot of $DOGGO makes people realize again that the world on the chain is not a gentle fantasy, but a bloody dark forest.
The dealer's control changesCommunityTake over, Nirvana, but behind it is a conspiracy group's plan and fight?
The trend reverses again
$DOGGO It’s been less than a day since the explosion of popularity, the founder of Dogecoin Shibetoshi Nakamoto It also clearly stated that it was not responsible for any Meme coins, which meant it denied its previous endorsement of $DOGGO.
As soon as this statement came out, the players who had just been taught a lesson by $MISHA's fragile narrative a few days ago might have immediately become alert. What else can we do? Run! In addition,CommunityThe constant Fud speech, large amountwalletDue to the batch selling, the trend of $DOGGO changed from a correction to a smash.
但这次 $DOGGO 并没有一跌再跌，最后归零。而是在许多人恐慌抛售后立马 V 反，价格直接水灵灵地拉回下跌之前的价格，甚至第二天直接宣布已经 CTO（社区接管），夜里迅猛的 Fud 暴跌好像从未发生过。即使是在宣布 CTO 之后，$DOGGO 价格仍然迎来了二次下跌，仿佛这次 CTO 也是阴谋集团为了套人的谎言，散户又慌了，$DOGGO 市值又跌到 600 万美元附近，和夜里那次暴跌相仿。
However, just when many people thought that $DOGGO was really finished this time, yes, the price of $DOGGO reversed again, and this time the market value rose from 6 million US dollars until it broke through the newXiaobai NavigationIt has risen to the range of 20-30 million US dollars.
It seems that $DOGGO has experienced flips again and again within two days, from a conspiracy group to the "Nirvana" of community takeover. Community trust has been established step by step, and the current continued price increase is also the result of "community power".
But is it really that simple?
Not nirvana, more like washing the dish?
After the $DOGGO incident, some people pointed out that this incident was not as simple as it seemed. The so-called "Nirvana" of $DOGGO was more like a "washout" with multiple reversals, and the community takeover was just an excuse for the conspiracy group to carry out a deep washout.
On-chain players @Mirro7777 He said that he was one of the targets of the $DOGGO wash-out. In the process of DEV's deep market smash in the middle of the night with the negative news, he sold about 1% of $DOGGO chips, and his address also turned from profit to loss.
Users who are also well-versed in conspiracy groups @CryptoRugMunch He also wrote an article stating that $DOGGO's fancy operation was a textbook example of the conspiracy group's psychological warfare:
First, the market crashed + Fud to make retail investors panic sell → Announce CTO to temporarily fix the price → Another deep drop to completely destroy retail investors' confidence → After retail investors sold out, the market directly broke the previous high
at the same time @CryptoRugMunch It is also mentioned that the conspiracy group of $DOGGO has never left, and every time it takes action is to make retail investors surrender firmly. Unless you like to be a victim of psychological warfare, there are better projects in the market for you to choose.
summary
The concept of "separation" due to the problem of profit distribution or different consensus is not new. The hard forks of BTC and ETH are similar in nature. However, unlike hard forks, there is no "decent" reason. The reason for the "separation" of Memecoin is more direct: it is purely for profit. Why should I take over the same concept?
In the collision between consensuses, different opportunities arise. Conspiracy groups VS community takeover is obviously a more recognized confrontation mode in the current Meme market.
The confrontation between uppercase and lowercase Neiro proves that community power can also make people rich, and also ignites a wave of community takeover narrative in the market.
The only thing you don’t fear is a big cut. You just fear that the big cut will work harder than you. From the story of $DOGGO, you can see that the current conspiracy group already knows how to put on the skin of CTO.
As the liquidity on the chain gradually increases, even experienced Degen traders may still be targeted, not to mention most of the "inexperienced" on-chain players. For most people, the crypto world is still a dark forest. The moment you get into Fomo, there are already countless addresses ready to attack you.
The market environment is constantly changing, but the fact that the market is a negative-sum game remains unchanged. Be flexible and adaptable according to the situation. Don't be blinded by survivor bias, and don't blindly go all-in. Always remember that the majority of people are still losing money. I wish you well.
The article comes from the Internet:Finding angles and playing conspiracies, crazy Ethereum MEME week, who is the winner in the end?
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