Right now, the core liquidity of
#MEME is still on the ETH chain.
Just yesterday, we were talking about how the hype around uniswap v4 hook isn't over yet, and today,
#SATO bounced back directly to 20 million, with uPEG also pulling back to 10 million. Although it’s highly unlikely we’ll see previous highs again, it at least shows that there’s still capital maintaining these two projects, and there are still people buying at a market cap of tens of millions.
Plus, today a new project SHIT has popped up, taking over. As long as the market still has cyclical trends, the E chain remains the king of meme coins.
Let me break down a few advantages of playing meme coins on the ETH chain for you guys:
1. As long as the market cycle is ongoing, the hype usually doesn’t just cut off suddenly.
The biggest feature of the ETH chain is that there’s always someone picking up the baton.
The v4 hook hype is just starting to cool down, and today we have a Claude fair mint concept SHIT that jumped from 800k to 4 million in just one night.
Hypes will change, but the market can quickly produce new support.
2. Leading projects on the ETH chain generally have a longer lifecycle.
Many projects don’t just drop to zero suddenly like on other chains.
As long as the market cap stabilizes at a certain stage, even if the hype fades, they can hold strong for quite a while.
For example,
#ASTEROID , the hype has passed for over half a month, and the market cap is still above 100 million.
3. The secondary market phase is particularly comfy.
Many strong projects on the ETH chain like to wash out early low-cost tokens before taking off.
After shaking off those early holders, they then kick off the second main rally.
Take sato, for instance, the first phase dropped from 14 million straight down to 2 million before it truly took off.
Today’s SHIT is similar, starting from 2 million, it crashed to 700k before beginning to break new highs.
4. Retail investors actually have plenty of time to get in.
As long as the concept is fresh enough and the narrative is strong, many projects on the ETH chain won’t just be a quick PVP pump and dump.
Before a real pump, there’s usually a period of low market cap consolidation for everyone to study and observe.
Early tokens don’t rely solely on speed and block grabs like on other chains.
5. The derivative effects of new concepts are particularly strong.
Once a new leader emerges, the entire market quickly sees similar concept clones.
But the biggest difference on the ETH chain is that clone dilution isn’t severe; several projects can pump simultaneously, creating healthy competition until the hype in the sector dissipates, as seen with the early animal coins, the previous MATT series, and the recent v4 hook.