A Look at the Meme Phenomenon in the Crypto Circle through KTA Coin

Recently released film "All In" features elements of cryptocurrencies such as "Ketaicoin", attracting market attention. Following the movie's release, the eponymous Ketaicoin was rapidly issued and traded on multiple chains. Data shows that the price of Ketaicoin skyrocketed over 3000 times within two days of the movie's preview, but then quickly fell back to around the issuance price. This phenomenon actually reflects the common "Meme coin" speculation in the cryptocurrency market.

Meme originally comes from Richard Dawkins' "The Selfish Gene," referring to a cultural element that can spread on a conceptual level. In the internet age, Meme typically manifests as satirical images or memes that are easily shareable content forms. In the cryptocurrency field, Meme combines with blockchain technology, giving rise to a series of tokens that use cultural references as selling points.

Dogecoin is one of the most famous Meme coins. In 2013, it was initially just a parody of the cryptocurrency hype, but unexpectedly became popular and gained real-world applications. Subsequently, various Meme coins imitating Dogecoin emerged one after another. Early Meme coins were largely based on internet cultural materials, and later gradually developed into more grand narratives.

In 2021, driven by celebrities like Elon Musk, "animal-themed" Meme coins such as Dogecoin and Shiba Inu sparked a wave of popularity. Recently, projects like ArbDoge AI and Pepe, which combine AI concepts, have ignited a new round of attention. However, many Meme coin projects lack the motivation for long-term maintenance and often fade away quickly.

Taking BALD on the Base chain as an example, it surged rapidly in a short period before collapsing quickly, suspected to be manipulated by a team behind the scenes. This reflects the characteristics of strong speculation and high risk in the current Meme coin market. For ordinary investors, it is still wise to cautiously approach such high-risk assets in the context of shrinking market liquidity.

Although Meme coins have many issues, as a cultural phenomenon, they are closely tied to the cryptocurrency market. In the future, Meme coins may appear in more diverse forms, but their essence remains a reflection of market sentiment. Investors need to view this phenomenon rationally and stay clear-headed when participating.