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

MEME-3,13%
SOL-5,5%

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.

View Original
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

Expectations of easing tensions in the Middle East have cooled, oil prices rebounded, and Bitcoin fell below $69,000.

Bitcoin drops below $69,000, with major cryptocurrencies falling 4% to 5%. The main reason is the fading optimism over Middle East tensions. U.S. tech stocks generally decline, and market trends are closely linked to macroeconomic factors. If the situation improves, risk assets may rebound.

BlockBeatNews3m ago

Bittensor Price Jumps Above $300 After Nvidia CEO Remarks

Key Insights: The Bittensor price surged over 20% in 24 hours, crossing $300 after Nvidia CEO remarks boosted confidence in decentralized AI adoption. Trading volume exceeded $677 million, marking the highest level since November and signaling strong participation and improving liquidity

CryptoNewsLand12m ago

JPMorgan: Gold liquidity has fallen below Bitcoin, with BTC stabilizing against the geopolitical crisis.

JPMorgan report indicates that in the face of capital outflows, liquidity for gold and silver has deteriorated, but Bitcoin has shown resilience, becoming a more viable safe-haven asset. As geopolitical tensions rise, Bitcoin prices quickly rebound, while precious metals face selling pressure and significant capital outflows, highlighting a divergence in market momentum.

動區BlockTempo13m ago

Bitcoin holds ground as gold, silver slide on ETF outflows and liquidity strains: JPMorgan

Bitcoin BTC$68,953.10 is proving more resilient than traditional safe-haven assets as gold and silver come under pressure from outflows, positioning unwinds and deteriorating liquidity, according to Wall Street investment bank JPMorgan. "The deterioration in liquidity conditions in gold has seen it

CoinDesk31m ago

JPMorgan: Bitcoin shows greater resilience as gold and silver face pressure

JPMorgan's report indicates that Bitcoin has shown greater resilience compared to gold and silver amid worsening liquidity and capital outflows. Gold has fallen about 15% this month, with liquidity indicators dropping below Bitcoin. Capital flow and position data also show a clear divergence, with Bitcoin ETFs continuing to experience net inflows.

BlockBeatNews32m ago

BTC Trades At $69,612 As Fidelity Investments Makes Massive $83 Million Bitcoin Purchase, Fueling...

Fidelity Investments' recent purchase of $83 million in Bitcoin highlights growing institutional confidence in the cryptocurrency. This move comes amid Bitcoin's consolidation phase, indicating strong demand and resilience despite market challenges.

BlockChainReporter49m ago
Comment
0/400
No comments