Original | Odaily Planet Daily (@OdailyChina)

Author | Nan Zhi (@Assassin_Malvo)

Last night at 11 PM, a Pump token named Stream until 100M MC (LIVE) was born. The token's developer (dev) stated that they would continue to live stream until the LIVE market cap exceeded $100 million. Although the Pump live streaming feature has been launched for half a year and is not a new phenomenon, due to the lack of other market hotspots last night, funds flocked to LIVE.

The market cap of the LIVE token increased by over $10 million within the first hour of its creation and reached $25 million by 3 AM, but it did not continue to break through. The DEV is currently far from the $100 million target and ending the stream, having streamed for nearly 19 hours as of the time of this writing.

The Demonization of Live Streaming

Today at noon, another man named NORME created a token with the same gameplay called LIVE ON TOILET UNTIL 50M (SHITCOIN). Notably, NORME is currently the Guinness World Record holder for "Longest Time Staying Awake," having set a record of 265 hours without sleep.

NORME's background, combined with the lingering heat of LIVE, allowed SHITCOIN to reach a market cap of $8 million in a very short time, and the live streaming concept began to ferment and become abstract.

Later this afternoon, a large number of yellow live streaming tokens appeared, with some even launching tokens that claimed to "lock up grandma until the token's market cap reaches $1 million." Upon verification, it was found that this token had an identical version released seven months ago, representing a "revival of the old" taking advantage of the current hype.

Culture, Narrative, Consensus? Or Just a Marketing Gimmick?

In the early stages of Memes, they were packaged as a vehicle for community and culture, believed to embody and consolidate the community's consensus on a certain concept. However, when Pump handed the token issuance rights to the public, this notion was shattered. The only thing that has persisted is the core of the "attention economy," where various Devs use flashy rhetoric or eye-catching "stunts" to attract attention and funds, turning Meme trading into a naked PvP battlefield.

As early as the beginning of Pump.fun, a Dev “played with fire and got burned” during token issuance, which also contributed to a short-term surge in the token's value. Subsequently, various yellow live streams and stunts began to appear frequently. Today's demonized live streaming is merely another cycle under the fatigue of AI aesthetics and narrative scarcity.

As a deep Meme player, the author does not believe that this "chaos" will end Memes or signal the imminent demise of the Meme track. Instead, the author believes that we are still in the mid-stage of Meme development, but under this public fantasy and collective madness, a significant acceleration and turning point in the Crypto industry may be approaching.

What is a Meme:

The following is an article the author wrote six months ago, before the Pump craze, for a certain Meme project, explaining the author's understanding of the "narrative" of Memes.

Original Text

Memecoins come and go like short videos on TikTok, most of them flash by and disappear in an instant. Agile hunters get ez money, naive gamblers lose their "hard earned eth," but we can always hear the rallying cry of "RAID THIS."

In the ethereal realm of Memecoin, the traditional laws of economics become but whispers in the wind, as value is imbued not by mere utility, but by the fervor and resonance of cultural relevance. It is a realm in which the abstract becomes tangible, where the absurd is celebrated, and where the value of a coin is measured not in material wealth, but in the currency of virality.

Within this surreal landscape, the memes themselves become currency. Through the alchemy of digital sorcery, these fleeting moments of nonsense and absurdity are crystallized into Memecoins.

For in the world of Memecoin, nothing is impossible, and the only constant is the ever-shifting tide of internet culture, forever immortalized in the digital ether. You can have fun with it and embrace it, hate it and fight it, or just ignore it, it’s all your call.

But never forget, CONSENSUS is the one and only lifeline of Memecoins.

Paraphrased Version

Memecoins come and go like short videos on TikTok, most of them flash by and disappear in an instant. Agile hunters make money easily, while naive gamblers lose their "hard-earned SOL," but we can always hear the rallying cry of "Charge this."

In the ethereal realm of Memecoin, the traditional laws of economics are mere whispers in the wind. Here, value does not stem from simple utility but is infused with passion driven by cultural resonance. In this realm, the abstract becomes concrete, absurdity is celebrated, and the value of a coin is measured not by material wealth but by the "currency of dissemination"—its viral popularity.

In this surreal landscape, memes themselves become currency. Through the digital magic of alchemy, these fleeting moments of nonsense and absurdity are crystallized into Memecoins.

For in the world of Memecoin, nothing is impossible, and the only constant is the ever-changing tide of internet culture, eternally etched in the digital ether. You can enjoy it and embrace it, despise it and resist it, or simply ignore it—it's all up to you.

But remember, "consensus" is the sole lifeline of Memecoins.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。