Ethereum Meme coin revival Matt Furie concept leads new trend

Recently, the market has slightly rebounded from the bottom, with Ethereum's performance being particularly eye-catching. Thanks to the Pectra upgrade, continuous buying of ETFs, and the success of the Virtual new model, capital recognition, technological upgrades, and the prosperity of the on-chain ecosystem have jointly driven the price of Ethereum coins to continue to rise, while also reviving Ethereum's on-chain Memecoins.

In contrast, while the established secondary Memecoins and AI sector tokens in the Solana ecosystem have generally risen, the primary market is accelerating and lacks more narrative support. The upper market is facing continuous selling pressure from related addresses, while the lower market is being continuously drained. Besides the Bonk system, new tokens find it difficult to maintain their popularity, making it increasingly difficult for ordinary investors to profit.

The revival of ETH's Meme is mainly reflected in the return of the Matt Furie concept. As one of the most well-known Memes, Pepe is undoubtedly the leader of the ETH Meme craze. Unlike other concepts that develop on multiple chains, the frog family seems to prefer the EVM chain, especially ETH. With Ethereum's strong rise, veteran ETH operators are refocusing on the Matt concept, bringing this long-dormant "Meme chain" back to life.

New projects worth paying attention to include:

1. RATO: Based on the character "Rato the Rat" from Matt Furie's new book, which resembles a gray Pepe with mouse features.

2. BERRY: The female version of "Pepe" that frequently appears on Matt's Instagram.

3. FROGGER: A classic arcade game concept, though it is a new concept for frogs, its continuity is in doubt.

On the Solana side, although the number of players making money is decreasing, trading volume and liquidity are still higher than ETH's Meme. The BONK series platform BONKFUN has become the most successful product in countering PumpFun, frequently launching popular projects. Recently, BONKFUN launched an incentive program, attracting a large number of Chinese-speaking KOLs to participate, creating 6,911 tokens within 24 hours.

Notable Solana projects include:

1. USELESS: Originating from a tweet by BONKGUY, similar to the concept of a "useless" coin.

2. HOSICO: A popular cat concept coin that performed excellently during the initial launch of BONKFUN.

3. IKUN: Originating from the Chinese internet culture concept of "chicken."

In addition, established Memecoins on Solana such as MoonDeng and PNUT have also collectively surged. Projects like TITCOIN, which are "copycat" projects, are also performing well.

Although the market is performing actively, there are also opinions that this round does not have incremental funds on-chain, and the prosperity may be a self-rescue by the manipulators. With the streamlining of Meme projects, large-cap Memecoins are becoming increasingly rare. In the current situation of heightened market volatility, investors need to be cautious in seizing opportunities and reasonably control risks.