MEME is rapidly reshaping investor behavior and market ecology through the amplification effect of social media and the emotional resonance of the community. Self-deprecating tweets such as Litecoin also reflect that it is difficult to ensure the continued steady growth of crypto projects by simply relying on technological innovation and long-term planning.MEME is rapidly reshaping investor behavior and market ecology through the amplification effect of social media and the emotional resonance of the community. Self-deprecating tweets such as Litecoin also reflect that it is difficult to ensure the continued steady growth of crypto projects by simply relying on technological innovation and long-term planning.

Given the current situation, I now identify as a MEME…

2024/11/15 14:35
5 min read

Author: Nancy, PANews

“Given the current market conditions, it is now recognized that LTC is a MEME coin.” After the old mining coin Litecoin took the lead in speaking out recently, it quickly set off a marketing trend around MEME, and many institutions and projects followed suit.

Crypto projects such as Litecoin position themselves as a mockery of MEME, which actually reveals a phenomenon in the current crypto market: many projects that once used complicated and gorgeous technical terms as selling points have actually become another form of MEME after no one is interested in them.

Litecoin turns into MEME? Self-deprecating tweets trigger market trend

"Bitcoin is gold, Litecoin is silver" was once a slogan passed down by word of mouth in the industry, and it also symbolized the status of Litecoin in the past. However, in this round of bull market, Bitcoin has repeatedly set new highs, but Litecoin has failed to keep up with the rise. Unexpectedly, after Litecoin self-deprecatingly called itself MEME coin, it stimulated a short-term rise in price, and also brought new topics and attention to this old project.

On November 15, the official Litecoin X account posted a message saying, "Given the current market conditions, it is now recognized that LTC is a MEME coin." After this tweet was released, in addition to a short-term boost in prices, it also aroused market attention and heated discussions. In the comment section of this tweet, many community users and projects "offered suggestions" for it, and a number of MEME coins were derived.

Given the current situation, I now identify myself as a MEME…

Among them, DOGE, the leading MEME coin brand, personally designed the MEME mascot image for Litecoin, and the internet celebrity Greg, who often interacts with Musk, also named it "LESTER". Greg is also recognized as the new "CEO" of DOGE.

Given the current situation, I now identify myself as a MEME…

Subsequently, the image of LESTER quickly spread in the community. According to DEX Screener data, LESTER's market value soared to nearly $100 million within less than a day after its launch, which is enough to show the market's enthusiasm for participation.

At the same time, various projects, institutions and big Vs such as Polygon, Yearn.finance, TRON DAO, Manta Network, IoTeX, OKX Wallet, Renzo and Franklin have followed the format of Litecoin's tweets and made memes.

It is worth mentioning that in the interaction between Coinbase and Litecoin, the community also designed a related MEME image for it and obtained official recognition. The related MEME also received a certain amount of market attention.

Given the current situation, I now identify myself as a MEME…

Behind the rise of MEME culture, traditional crypto projects are in urgent need of a breakthrough

MEME culture, which is endowed with various interesting labels and narratives, is profoundly changing the way the crypto market plays. Although such assets themselves lack substantial technological innovation, their value is also rapidly soaring through extensive hype on social media, promotion of community culture, and amplification of network effects.

According to CoinGecko data, as of November 15, the market size of MEME has exceeded 140 billion US dollars. Among them, in the past 24 hours, among the top 20 crypto market transactions, in addition to mainstream assets such as Bitcoin and Ethereum and stablecoins such as USDT, 7 are MEME coins, which also means that such projects occupy a large amount of market liquidity.

Not only that, according to CryptoRank data, among the top five narrative tracks in terms of market value performance since the beginning of the year, MEME coins have significantly outperformed RWA and AI assets in terms of returns. The equally outstanding PolitiFi assets are actually also politically themed MEME.

Given the current situation, I now identify myself as a MEME…

With the MEME king Musk’s “strike” again, driving the strong rise of DOGE, Pnut and other products, as well as the US Internet broker Robinhood listing PEPE, the MEME sector is gaining more market attention and participation. Musk also recently commented that he agreed with the idea that “MEME will be popular in the next four years.”

Moonshot, an application focusing on MEME coin trading, recently disclosed that the platform's fiat currency inflows have set a new record, and non-crypto native users are pouring in. Top trader Eugene believes that the recent breakthrough of DOGE means that the upper limit of the market value of all other MEME coins will also rise proportionally. The previous valuation of $1 billion was the upper limit, and now it is just the starting point. Crypto KOL Murad even bluntly stated that millennials and Generation Z cannot afford to buy houses, so they will turn to buy MEME coins, and predicted that the former market is in the early stages of the MEME coin super cycle, and 7-8 "digital tribes" with a market value of more than $20 billion will be born.

In sharp contrast, many crypto projects that once enjoyed a moment of fame with their technological innovation and promising prospects have fallen into an embarrassing situation of being ignored due to the dual impact of a cooling market and intensified competition. More seriously, many crypto projects are generally facing the challenge of selling pressure brought about by the "unlocking period". The selling of a large number of early investors and VCs has not only exacerbated the continued decline in project prices, but also severely hit investor confidence. The withdrawal of market funds and the depletion of user liquidity have also made the continued development of crypto projects more difficult. To some extent, these crypto projects that were once highly anticipated are gradually becoming MEMEs wrapped in a technical shell.

It is undeniable that MEME is rapidly reshaping investor behavior and market ecology through the amplification effect of social media and the emotional resonance of the community. Self-deprecating tweets such as Litecoin also reflect that relying solely on technological innovation and long-term planning can no longer ensure the continued steady growth of crypto projects.

Market Opportunity
Effect AI Logo
Effect AI Price(EFFECT)
$0.00468
$0.00468$0.00468
-0.82%
USD
Effect AI (EFFECT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Role of Blockchain in Building Safer Web3 Gaming Ecosystems

The Role of Blockchain in Building Safer Web3 Gaming Ecosystems

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?
  1. Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
  2. Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
  3. Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
  4. Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
  5. Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
  6. Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:
Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story
Share
Medium2025/09/18 14:40
Vitalik Buterin Challenges Ethereum’s Layer 2 Paradigm

Vitalik Buterin Challenges Ethereum’s Layer 2 Paradigm

Vitalik Buterin challenges the role of layer 2 solutions in Ethereum's ecosystem. Layer 2's slow progress and Ethereum’s L1 scaling impact future strategies.
Share
Coinstats2026/02/04 04:08
USAA Names Dan Griffiths Chief Information Officer to Drive Secure, Simplified Digital Member Experiences

USAA Names Dan Griffiths Chief Information Officer to Drive Secure, Simplified Digital Member Experiences

SAN ANTONIO–(BUSINESS WIRE)–USAA today announced the appointment of Dan Griffiths as Chief Information Officer, effective February 5, 2026. A proven financial‑services
Share
AI Journal2026/02/04 04:15