Ethereum ecosystem revival Memecoins usher in new opportunities

Recently, the market has rebounded from the bottom, with Ethereum performing particularly well. With the Pectra upgrade, continuous buying of ETFs, and the success of the Virtual new issuance model, multiple favourable information such as capital recognition, technological upgrades, and the prosperity of the on-chain ecosystem have driven the price of Ethereum to continue to rise, while also boosting the recovery of its on-chain Memecoins.

In contrast, although the Solana ecosystem saw a general rise in established secondary Memecoins and AI sector tokens, the primary market's pace has accelerated, lacking more narrative support. At the same time, the upper market is facing continuous selling pressure, while the lower market is being drained by PumpFun. Aside from the Bonk system, new tokens struggle to support the overall ecosystem, reducing the chances for ordinary investors to profit.

In terms of the revival of Ethereum Memes, the concept of Matt Furie has returned. Pepe, as the leading Ethereum Memecoin, has performed outstandingly in this round of rise. Emerging Matt series tokens like RATO, BERRY, etc., have also gained a good market capitalization. In addition, new tokens like FROGGER, which are not part of the Matt series but belong to the frog concept, have emerged. Industry insiders believe that if Ethereum starts a new market cycle, a new leading project may emerge among the Matt series characters.

The well-established Meme token on Solana is also experiencing a large influx of funds. Recently, the number of active addresses on Solana has surged, with trading volume and liquidity far exceeding that of Ethereum Meme. Platforms such as BONKFUN have successfully countered PumpFun through incentive programs, launching a series of popular tokens like USELESS and HOSICO. In addition, established Memecoins like MoonDeng and PNUT have also performed excellently.

Overall, although the on-chain prosperity is evident, there is a viewpoint that this round of market activity lacks incremental funds, mainly driven by market makers pulling the market for self-rescue. In a future market filled with uncertainty, investors need to remain cautious and weigh risks against opportunities.