There are not many memes with low market value, explosive popularity on Douyin, and ongoing speculation potential.

#瓦瓦 , which just happens to hit these three points.

Unlike many memes that are “forced narratives,”

Wawa is a Web2 phenomenon that transitioned to Web3,

bringing genuine traffic and user base instead of just shouting slogans.

Let’s make a simple comparison:

• $Hakimi: ≈ 30M

• $Vulgar Penguin: ≈ 8M

• $Wawa: ≈ 200K

These three are at the same tier of popularity on Douyin,

but the market value gap has already explained everything.

What $Wawa truly lacks right now is not popularity or content,

but an influential leading narrative.

If Binance, under the rhythm of the top influencer,

begins to pay more attention to the natural migration of popular Web2 memes,

then a meme like Wawa that “carries its own traffic”

might just be one of the stories the market is most willing to tell next.