The Logic Behind the Hype of Ethereum Meme Coins: 'TROLL'
Ethereum meme coins have gained popularity, driven by the influence of Elon Musk and Vitalik Buterin.
The TROLL coin saw a surge in price after Musk changed his Twitter bio to Chief Troll Officer.
The SMILEY coin also experienced a price increase after Musk tweeted a meme image with ‘meme’ and ‘smiley face’.
#TROLLCoin #SMILEYCoin #ElonMusk #VitalikButerin
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The Logic Behind the Hype of Ethereum Meme Coins: 'TROLL'
Blockcast.it
Blockcast.it
4 hours ago
4 mins read
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Ethereum meme coins have gained popularity, driven by the influence of Elon Musk and Vitalik Buterin.
The TROLL coin saw a surge in price after Musk changed his Twitter bio to Chief Troll Officer.
The SMILEY coin also experienced a price increase after Musk tweeted a meme image with ‘meme’ and ‘smiley face’.
#TROLLCoin #SMILEYCoin #ElonMusk #VitalikButerin
Author: shushu
Source: BlockBeats
Ethereum meme coins have become a hot topic in the cryptocurrency community this morning. Previously, there were meme trends related to the names of founders’ pets, as well as meme trends associated with the Year of the Dragon. The current trend revolves around Musk and Vitalik. BlockBeats has compiled a list of related meme coins for readers’ reference. It is important to note that meme tokens are highly volatile, so users should participate in investment with rationality.
“Musk Concept”
The experience of Dogecoin, the grandfather of meme coins, has shown the power of the Musk concept. Musk, who controls the most important social media platform in the cryptocurrency community, has a huge impact on prices with every word he says. Concepts related to him also have a lot of room for hype, and this is the essence of meme coins.
TROLL
On April 19, 2023, @TrollErc20 deployed TROLL on the Ethereum network. After launching the official website, they actively operated the community and took advantage of Elon Musk’s popularity. However, two months later, they found that they did not generate much buzz, so they stopped updating on Twitter and closed the official website.
On January 9, 2024, Musk changed his Twitter bio to include the title of (CTO) chief Troll Officer, and soon after, the price of TROLL skyrocketed.
On January 13, @cb_doge, the UX/UI and graphic designer of Dogecoin, tweeted with Musk’s new bio, stating, “The Chief Troll Officer of X now has 169 million followers,” which once again heightened the speculative sentiment.
In the context of the internet, the term “Troll” refers to a person or behavior that posts provocative or provocative messages online (such as in communities, discussion groups, social networks, etc.) to provoke chaos, arguments, intense reactions from others, and draw attention to oneself. The Chinese meaning of “Troll” is “Troll” or “Troll,” so the community has named TROLL as the Troll Coin, and the community regards Musk as the “leader,” believing that he is the representative of trolls.
At the time of writing, the price of TROLL is 0.0(7)7835 USD, with a 24-hour increase of 76.19%, and a market value of 76.9 million USD.
SMILEY
Another meme coin associated with Musk is SMILEY. In the early morning of January 16, Musk tweeted a meme image with the words “meme” and “smiley face,” causing the price of SMILEY to rise.
At the time of writing, the price of SMILEY is 0.0(10)31 USD, with a 24-hour increase of 895%, and a market value of 13.4 million USD.
Vitalik “Influencer”
In addition to Musk’s ability to influence meme coins, Vitalik, the founder of Ethereum, is also influential. As a prolific writer, Vitalik’s articles have promoted many meme coins. For example, his article “Make Ethereum Cypherpunk Again” brought attention to MECA. Now, Vitalik’s comments also have a powerful “influencer” effect.
ZUZALU
In the early morning of January 14, vectorized.eth, the protocol manager of the music NFT platform Sound.xyz, tweeted that after understanding what Zuzalu is, he believes that “if you don’t support Zuzalu, I will question the consistency of your ETH.” Subsequently, Vitalik replied to this comment in the comment section, expressing support for Zuzalu.
However, the Zuzalu they were talking about here is not a meme coin but a transnational virtual community experiment within the Ethereum community. It aims to create a temporary mini-city that can accommodate 200 people for two months. But you know, the similarly named meme coin ZUZALU saw its price soar.
At the time of writing, the price of ZUZALU is 0.0056 USD, with a 2
4-hour increase of 197%, and a market value of 5.7 million USD.
