2023 has passed and 2024 is a pivotal year for the Crypto market with the most important event being Bitcoin Having taking place in April 2024. Looking back at the prominent trends in 2023, Meme Coin is one of the most prominent trends. In this article, let’s review with Weakhand the overview of the most prominent Meme Coins in 2023.
Before jumping into the article, everyone can refer to some of the following articles to understand better.
- What is Meme Coin? Everything about the strongest magnet of the Crypto market
- 5 principles to know when investing in Meme Coin
- In a bear market, don’t choose Meme Coin
What is Meme Coin?
First let’s talk about Meme – a concept first proposed by British biologist Richard Dawkins in his 1976 book “The Selfish Gene”. Dawkins uses the term Meme to describe units of information that are transmitted within culture through person-to-person transmission.
His purpose was to explain how to understand the process of cultural transmission, similar to the way genes are transmitted in biology. If the basic unit of evolution and reproduction is based on genetic inheritance, then the basic unit of inheritance of cultural ideas is Meme. Its form can change, it can be a sentence, a story, an allusion, a picture, as long as it can carry a certain “carrier” of cultural ideology, it can be called Memes.
When it comes to Meme Coin, we can simply explain it as an electronic currency based on Meme culture. The earliest Meme Coin to appear on the market and the origin of the explosive Meme Coin trend is none other than DogeCoin launched in 2013 by Billy Markus and Jackson Palmer. To date, DogeCoin has reached the top 20 coins with the largest capitalization value in the Crypto market, in addition to being associated with an extremely famous name, Elon Musk.
The Most Outstanding Meme Coin Projects in 2023
In 2021, since DogeCoin has become widely known with hundreds of times growth and is associated with Meme King Elon Musk, many other tokens have been launched one after another with the hope of becoming the next Dogecoin. At that time, the community gave these tokens a very interesting name, Zoo Coin.
But after that only a few remained like the Shiba Inu or Floki while the remaining 99% of tokens essentially disappeared in the 2022 bear market. From this perspective it makes sense to choose a Meme Coin to become Becoming the next DogeCoin is like finding a needle in a haystack. However, there is one outstanding point about Meme Coin that is very attractive to investors: it brings large profits after just a short time. We have heard many stories of spending a few thousand dollars buying Meme Coin and then having millions of dollars. This story spread throughout 2023 and below we will learn about the most prominent Meme Coin projects in 2023.
PePeCoin – The beginning of the explosive MemeCoin trend
The green frog character Pepe was created by American comic artist Matt Furie for the comic book “Boy’s Club” in 2005. Although this humorous Meme image has been widely used on social networks in the West For a long time, the Crypto community has only recently widely known about this Meme through the promotion of PepeCoin.
PepeCoin’s first tweet
When the next Tweet was released on April 14, 2023 announcing the launch of PepeCoin, the Telegram channel and official website (domain name pepe.vip was purchased in early March). On April 16, 2023, just two days after the PePe token was released, PepeCoin saw dozens of times growth and several major KOLs promoted PepeCoin on their social networking sites. On April 18, 2023, Coindesk’s Asia data lead Shaurya Malwa published a short report titled “‘Pepe the Frog’ Meme Coins Rocket as Crypto Twitter Moves Over Dogecoin Obsession” that caused PepeCoin to once again received a lot of attention.
On May 5, 2023, the world’s largest cryptocurrency exchange, Binance, announced the listing of PepeCoin and this was also the time to see PepeCoin’s market capitalization exceed $1 billion, at one point. The daily trading volume point also exceeded $1 billion, witnessing the extreme interest of traders in this token. PepeCoin is also the project that witnessed the most impressive growth with 375,000 times in just a few months since its launch.
Bonk – The most successful Meme Coin project on Solana
Bonk is the first dog and cat Meme Coin project on the Solana Blockchain, released at the end of December 2022. Bonk launched at a time when the Solana network was suffering following the collapse of FTX and losing trust from investors.
In order to attract users, the Bonk team has spent up to 50% of the supply to Airdrop for users who trade tokens and own certain NFTs on Solana. Thereby creating an explosive wave on Solana with more than 20 million USD in transaction volume in the first week of 2023. Up to now, it can be said that Bonk is the most successful Meme Coin project on Solana both in terms of influence and impressive growth of more than 300 times.
ORDI – BRC 20 Token is only experimental but has brought unbelievable success
On March 9, 2023, anonymous developer Domo launched the BRC 20 protocol to test a method of issuing tokens on the Bitcoin network. The first ORDI tokens were minted for only 2 – 3 USD for 1,000 ORDI Tokens, meaning the price for each ORDI token at that time was 0.003 USD.
After nearly a year since its launch, despite many ups and downs, we have finally witnessed ORDI’s unexpected success when it was listed on leading Cex exchanges such as Binance or OKX with a high market capitalization. The market exceeded the threshold of 1.5 billion USD. ORDI’s ATH price reached 83 USD with an impressive growth of more than 25,000 times.
SATS – BRC 20 token named after Satoshi Nakamoto
SATS is the second BRC 20 project to reach the capitalization mark of over $1 billion at the present time. With a large total supply of up to 2,100,000,000,000,000, which is 2,100 trillion, 100 million times more than Bitcoin, the process of minting 100% of tokens lasts up to half a year from March 2023 to September 2023.
With its growing popularity, on December 12, 2023, the SATS token was listed on the Binance exchange and the market capitalization at one point surpassed that of ORDI and finally we witnessed an increase impressive growth of up to 25,000 times that of SATS.
Silly Dragon – Meme Coin associated with Co Founder of Solana
Silly Dragon – Meme Coin associated with Co Founder of Solana
Silly Dragon is a Meme Coin born during Solana’s strong recovery period. Now, this silly dragon has become a spiritual symbol in the community. Talking about the origin of this silly dragon, at Solana Breakpoint Summit on October 30, 2023, Anatoly – a Co Founder of Solana appeared on stage wearing a green doll dragon costume.
For Solana – who rose from the ashes after the difficulties encountered after the collapse of FTX, this stupid dragon seems to have many special “meanings”. Twenty days after the conference, a Twitter user named DrakoSolana posted his first tweet, a silly dragon avatar adapted from a Meme photo. DrakoSolana has received a lot of attention following this trend but unfortunately, although DrakoSolana was the first Silly Dragon on Twitter, due to the delay in the token launch, an account named Silly Dragon took over first.
Although it has no initial advantage on Twitter, Silly Dragon is the first project to issue its own SILLY token. After the token was released, Silly Dragon’s popularity started to increase rapidly and was hotly discussed on social media platforms.
This has attracted Anatoly’s attention. Although the price has not increased at this time, on December 16, 2023, Anatoly posted a tweet on Twitter “Silly Dragon is urgently needed. MEME emoticon package, Samsung and Apple have 1 billion device sales, while Solana mobile phone only has 20,000” which roughly translates as “Silly Dragon is in great need. MEME Emoji Pack, Samsung and Apple had 1 billion Device Sales, while Solana mobile had only 20,000”. This tweet immediately aroused the community’s enthusiasm, and SILLY’s price also began to skyrocket, becoming a new legend on Solan with ten thousand times growth.
Meme Coin Is Increasingly Complete And Diverse
When looking at the popular Meme Coins above, it is not difficult to see that the Meme Coin segment is becoming more and more complete and diverse. At the present time, we can divide Meme Coin into 4 types as follows:
- Classic memes: These are Meme Coins created based on very famous classic Meme images. In this case we can see typical names such as: PepeCoin, Pogai,…
- Cryptocurrency original memes: These are Meme Coins originating and born from a special event in the Crypto market. Some typical names include Bonk, Silly Dragon,…
- Meme Inscription: The Inscription segment is still very new and doesn’t have many applications, so most Inscription projects are Meme Coin. Some typical names include: ORDI, SATS,…
- Original meme: These are Meme Coins that showcase the original style
summary
Although it did not bring practical applications when launched, Meme Coin is very attractive to investors because of the large profits it brings. Looking back at 2023, Meme Coin is still one of the prominent trends and has now become more complete and diverse. Above is all the information I want to introduce to everyone in this article. I hope everyone has received useful knowledge.
