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

MEME-0,16%
SOL0,67%

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’s Bearish Breakdown Signifies Collapse of Futures-Led Rally

Bitcoin is experiencing significant volatility following a futures-driven market rally that has collapsed, leading to major price corrections and a drop in Open Interest. The market is now vulnerable to further downturns due to a lack of spot demand, indicating structural weaknesses.

BlockChainReporter18m ago

Bitmine gets promoted to the NYSE main board! Tom Lee: U.S. stocks may be bottoming out, and selling pressure on Ether could ease

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its share price, it has still increased the share repurchase plan to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.

CryptoCity1h ago

Bitcoin analysts flag triggers for a massive surge to $88,000 even as war risks linger

Key factors, such as ETF flows, macro factors and on-chain supply favor a rally in bitcoin even as war risks linger.

CoinDesk3h ago

Bitcoin hits a wall – the chart just challenged the $88,000 bull case

The price action is sending a clear warning signal that analysts' optimism may be running ahead of itself.

CoinDesk3h ago

Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out

Jurrien Timmer, director of global macro at Fidelity Investments, says strong earnings are helping markets absorb geopolitical shocks, despite ongoing risks.

CoinDesk3h ago

Bitcoin analysts flag triggers for a massive surge to $88,000 even as war risks linger

Key factors, such as ETF flows, macro factors and on-chain supply favor a rally in bitcoin even as war risks linger.

CoinDesk3h ago
Comment
0/400
No comments