Subculture memes drive the independent market of Japan-related Meme coins, with Meme coins led by "114514" all experiencing significant gains.

MEME-0,85%
SOL-2,69%

BlockBeats News, January 6 — According to GMGN Monitoring, recently, a resurgence of the Japanese internet subculture “Beast Sempai” (also known as “Inmou Meme”) has sparked a new wave, leading to independent market movements of related Meme tokens on the Solana chain, with market attention rapidly increasing. Among them, multiple tokens represented by the Pump Live live-streaming token “114514” have flooded social platforms, and coins like YAJUCOIN, 42069, etc., quickly entered the hot list after launch, further boosting market sentiment. Some Meme token information is as follows:

114514: Market cap temporarily reported at $42 million, intraday peak at $57 million, current price approximately $0.042, up 700% in 24 hours;

42069: Market cap temporarily reported at $1.4 million, intraday peak at $2.48 million, current price approximately $0.0014, up 2900% in 24 hours;

YAJUCOIN: Market cap temporarily reported at $960,000, intraday peak at $3.56 million, current price approximately $0.0009, up 7200% in 24 hours;

BEAST: Market cap temporarily reported at $240,000, intraday peak at $490,000, current price approximately $0.0002, up 260% in 24 hours;

The number “114514” originates from the Japanese classic internet meme “Beast Sempai,” with a phonetic pun in Japanese “いいよ、こいよ” (meaning “Alright, come on”). This meme originated from an old film in 2001 and has been circulating in Japanese internet culture for over 20 years, with a certain community recognition.

This market trend may be driven by multiple factors: including Japan’s expectation to reduce cryptocurrency tax from 55% to 20%, plans to allow direct listing of crypto assets, and recent overall market recovery along with a collective revival of Meme sector on the Solana chain, providing emotional support.

Related article: “Besides $114514, which other projects can you follow?”

BlockBeats reminds users that Meme coin trading is highly volatile, largely dependent on market sentiment and hype, with no real value or utility. Investors should be cautious of risks.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin drops toward $68,000 as demand weakens and whales sell

Bitcoin BTC$68,767.57 slid toward $68,000 on Tuesday, with traditional markets closed in Hong Kong for a long weekend, as repeated failures near $70,000 left the bitcoin market vulnerable to a break lower. The drop came after another failed push above $70,000, with prices slipping quickly once

CoinDesk6m ago

Bitcoin is hovering around the $68,000 threshold, and the risk of further downside is increasing as whales sell and demand remains weak.

Gate News: Bitcoin’s price has fallen to around $68,000. It had repeatedly failed to break through the $70,000 level, and market momentum has clearly weakened. The current price is still within the $65,000 to $73,000 trading range, but the risk of testing the lower end of the range is rising.

GateNews9m ago

Santiment Alert: BTC profit-loss ratio hits 2.95, the top signal is approaching

Based on Santiment data, Bitcoin’s profit-to-loss trade ratio has reached 2.95:1, nearing the historical alert level of 3.0, which may signal a short-term price top. A high profit-to-loss ratio also reflects optimistic market sentiment, but it can also build up selling pressure. Historical cases show that a profit-to-loss ratio near 3.0 does not necessarily lead to a pullback; the market needs to combine multiple indicators for a comprehensive analysis.

MarketWhisper26m ago

Freedom of Money surges 50%, as CZ’s new book drives a wave of same-name meme coin hype

Meme coin Freedom of Money saw a major surge of 50% on April 7, with its market value exceeding $22 million, driven by market sentiment after CZ announced that a new book is set to be released. However, the coin has no official connection to CZ or Binance, and its rally is purely a market-sentiment hype; investors should be cautious of the risks stemming from a lack of fundamental support.

MarketWhisper33m ago

The crypto market is broadly down; only the RWA sector is up slightly, at 0.42%.

On April 7, the crypto market fell broadly, with only the RWA sector up slightly by 0.42%. Major coins Bitcoin and Ethereum declined by 0.34% and 0.43%, respectively. Other sectors generally contracted, but some projects such as Creditcoin and Centrifuge rose against the trend.

GateNews1h ago

Tom Lee has released a post-war asset ranking, with Ethereum outperforming the broader market to win second place.

Tom Lee said on CNBC that since the start of geopolitical conflicts, Ethereum has outperformed the broader market, posting a gain of more than 8% and ranking second globally. Wartime fiscal spending is expected to grow, which will provide support for the market. BitMine recently holds more than 4.8 million Ether—equivalent to more than 4.8 million Ethereum—showing bullish confidence and strategy.

MarketWhisper2h ago
Comment
0/400
No comments