In this bull market, overseas KOL Ansem, who successfully called for meme coins such as Solana and WIF, was accused by the community of “pump and dump” through public calls, causing his followers to take over for him.
In response, Ansem denied these accusations in a post on X, stating that he has never been involved in any pump and dump operations of cryptocurrencies, although he may make judgment errors at times, he absolutely does not sell tokens immediately while making calls. In subsequent tweets, Ansem discussed meme coins and shared the four attributes that “successful meme coins” need to possess.
Table of Contents:
Toggle
Relevance
Virality
Token distribution
Scalability
The appeal of memes to those who have no understanding of cryptocurrencies or finance, whether ordinary people would like the meme.
For example, $WIF is a meme that is very resonant and easy for everyone to understand, as everyone loves dogs, and a dog wearing a hat is easy for anyone to comprehend, regardless of whether they understand the underlying blockchain. Therefore, WIF has a high “retail score” because dogs are cute, and other successful memes like Dogecoin are very similar.
Even if a meme is resonant, it also needs some kind of mechanism for dissemination. This may be a combination of various factors.
For some memes, it may be upcoming major world events, such as $BODEN in the upcoming presidential elections. For other meme coins like $DOGE, it may be the world’s richest person (Musk) constantly talking about it.
Typically, the starting point for something to become popular is that it quickly appears in front of many people, which is often why social media plays a huge role in meme dissemination.
Many meme coin communities “raid” the comments section of influential accounts because they know it is the easiest way to attract a lot of attention. It is also common for memes to be associated with accounts that have a large number of followers. When this connection happens naturally and people buy early just because they like the meme, it is best, but sometimes it can be “forced,” for example, KOL passively receiving meme coin airdrops. However, this approach will never be effective.
This is a very crucial part that most people initially do not understand about these memes, and it is a key factor in determining which memes will perform well. The reason why many new meme coins die immediately after release is that the development team holds a portion of the supply and can sell a large amount in the market immediately upon release, to gain a five or six-figure (sometimes even four-figure) profit. Most people do not have a lot of money, so it is much easier to profit immediately from the release of the coin than to wait for a higher price to sell.
Now, you can check the statistics of the wallet to understand the distribution, but people often hide how many coins they hold in different ways. I found that the best way to evaluate token distribution is to combine using Birdeye or other tools you use to view supply distribution, while also observing how online communities interact with accounts on crypto Twitter.
You can hide wallet distribution in some cases, but it is difficult to fake genuine interaction with people on Twitter. This is why $WIF and $MICHI continue to perform well, because they have very active communities on this website, constantly responding to people and promising not to sell before the price goes higher. All the best memes have great cults, and these cults are the most powerful when they form during low market capitalization, when others have not yet noticed.
This refers to how easy it is to transfer memes to other completely unrelated things.
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…