ZKSherlock

The barbaric growth of Meme coin
Do you remember how Meme coins were once ridiculed by the entire coin circle? From community jokes to today, this type of asset has become the most insane speculative product in the crypto market—impacting liquidity, driving emotions, and even shaping brand value. Marketing departments have started to consider issuing Meme coins to boost user engagement; hedge funds are also secretly allocating small positions in highly volatile Meme coins.
This is no longer an obscure topic. Let's take a look at what the data says.
The explosive growth of market size
In 2024, the total capital of Meme coins grew by more than 500%. Where did this money come from? A large amount of speculative funds were directed toward Meme altcoins from mainstream coins at the beginning of 2025. Suddenly, the U.S. SEC reclassified many Meme coins as "collectibles" instead of securities — this significantly weakened the regulatory protection for investors.
The market numbers are very intuitive: the total market value of Meme coins is approximately 636.

The launch of the perpetual contract by a leading exchange has indeed boosted the confidence of the entire market. For us meme researchers, it is also a strong wick candle. The meme popularity of BNB Chain is still burning, and those who have steadfast holdings are finally seeing returns.
Many projects in the crypto space—especially meme-based ones—appear to lack the rigorous income models and PE analysis data found in traditional finance. But don't be fooled by this facade; it's not the pure gambling that outsiders imagine.
My feeling is that those who truly invest time in research, go to the front lines to understand the mentality of retail investors both domestically and abroad, comprehend the games between exchanges, and ponder the origin of a meme and how many people it can resonate with—these individuals have a far higher winning rate than those who do nothing and purely gamble blindly.
The significance of investment research lies here: as long as the data can prove that your investment success rate after research is high, then this investment research is.

The article discusses the rise and success of Meme coins like Dogecoin, emphasizing the importance of community culture and dissemination. Through internet memes and other cultural symbols, these coins rely on user participation and creation rather than technical or financial support. Investors should identify with cultural symbols, participate in dissemination, and maintain an entertaining mindset to seek value in the attention economy.

The Wild Growth of Meme Coins
From community jokes to hundreds of billions of dollars in speculative assets, Meme coins have completed a turnaround in just two years. These types of coins are no longer small-scale jokes—they are reshaping liquidity flows, dominating social discussions, and even influencing how political brands are packaged.
Can you imagine? Business brands are now starting to consider issuing Meme coins to boost popularity; hedge funds are cautiously building small positions in highly volatile Meme coins. The pace of change in this field is ridiculously fast.
2024-2025: A Year of Exponential Expansion
Numbers speak for themselves. In 2024, the total capital in the Meme coin sector grew by over 500%. By early 2025, speculative funds began to massively shift from mainstream coins to Meme altcoins on the SOL chain. In February 2025, the US SEC also changed its stance, officially classifying many Meme coins as collectibles rather than securities, which directly cut

Mr. KEY, a successful figure in the Web3 circle, emphasizes the importance of understanding the investment target. He never follows the trend blindly but makes investment decisions through in-depth research and long-term thinking. He believes that wealth accumulation comes from inner conviction and a steady strategy, rather than short-term hype. His success lies in adhering to rational judgment and a long-term perspective.

The Survival Rules of Meme Coins on Different Chains: Current Situation and Breakthroughs
When it comes to Meme coins, many people's first reaction is Ethereum and Solana. But if you have been paying attention to on-chain data recently, you'll notice an interesting phenomenon: although Ethereum has established a community as the pioneer of smart contracts, its project incubation cycle is quite long due to high Gas fees and Layer 2 fragmentation issues. New investors often have to pay high transaction fees, which directly raises the participation threshold.
Solana, on the other hand, has taken a different approach — with low Gas fees and ultra-high TPS, it has become a wild testing ground for Meme coins. Projects like BONK and PENGU have seen their market caps soar, and on-chain transaction frequency far exceeds traditional Layer 1 chains. However, the problems are also obvious: the ecosystem overly relies on speculation, PVP is prevalent, and technical stability remains a hidden risk, with occasional outages.

Elon Musk strikes again, and this time it's not just about stirring up buzz with a tweet.
On November 4th, he revisited a promise made four years ago — to send the real Dogecoin to the real Moon. This seemingly casual post immediately caused a stir in the crypto community, but this time, the market's reaction was much calmer than in 2021.
Four years of waiting, from promise to action
The story begins in 2021. At that time, a single statement from Musk caused DOGE prices to surge nearly 30% within minutes. Shortly after, SpaceX officially announced the "DOGE-1 Moon Mission," accepting Dogecoin as payment.
At that time, it was more of a bold business idea. The mission was to be developed by Canadian company Geometric Energy Corporation, centered around a CubeSat micro-satellite project — fully paid for in Dogecoin. The satellite was planned to hitch a ride on a rocket.

Starting from the dusty HTTP button
In 1997, internet engineers designing HTTP left a placeholder for status code 402—"Payment Required." But at that time, digital payments couldn't be fully closed-loop, so this button was never pressed and sat in the specifications for nearly 30 years.
Times have changed. Native stablecoins in crypto have matured, L2 solutions have reduced payment costs, and AI Agents suddenly need real micro-payment capabilities. So this dormant protocol has been reactivated and evolved into x402—allowing anyone or AI to access paid content without registration, redirection, or manual intervention, automatically completing on-chain payments.
What seems like a simple automatic payment scheme actually involves building an entire ecosystem behind it. Protocol standards, infrastructure, and upper-layer applications—each layer is being filled in. This setup could potentially redefine the logic of internet payments.
Protocol Layer: For AI

Recently, the popularity of the BSC chain has been somewhat unusual. The once-popular public chain known for low Gas fees and fast block times has now become a testing ground for Meme tokens. From established totems like PEPE, DOGE, BONK, to various new projects themed around cultivation, alchemy, and spiritual pets, the entire ecosystem's gameplay has completely changed.
Interestingly, participants' mindsets are also shifting. People no longer see themselves as "gamblers" but instead as "cultivators," treating tokens as "spiritual roots," and holding tokens as "practice." What is the driving force behind this?
Why BSC
BSC was once criticized as a "cradle of copycat coins," but it is precisely this low-threshold characteristic that has provided the soil for Meme coins to grow.
Creating a new coin only costs a few cents in Gas fees. This means project teams can quickly test and iterate, and investors can participate in the early stages at extremely low costs. Without the huge costs of trial and error, people's creativity instead

Market liquidity is shrinking significantly, and a bear market is inevitable. Altcoins are heavily in debt, investors are exiting, MEME coins have lost their significance and have become a game of existing assets. The role of exchanges is threatened by new products, and project teams and builders are facing severe challenges. The entire industry urgently needs a comprehensive reboot through technological innovation.