The issue coin platform in the Solana ecosystem has undergone a transformation from Pump.fun to LetsBONK.fun. Pump.fun was once the dominant platform but gradually declined due to neglecting user interests. In contrast, LetsBONK.fun emphasizes the concept of co-creation and giving back to the ecosystem, attracting a large number of users and funds, and becoming the new leader. This change reflects users' desire for long-term value and support.

Meme Coin: The Financial Carnival and Speculative Instincts of the Digital Age
Meme coins are undoubtedly the most eye-catching and perplexing phenomenon in the cryptocurrency space. From the SHIB that originated from a Japanese Shiba Inu meme to the Dogecoin that was popularized by the CEO of a tech company, these tokens, which stem from jokes and thrive within communities, continuously challenge the value systems of the traditional financial world with their extreme price volatility and significant wealth effects.
Are they really worthless digital bubbles, or do they represent a whole new asset class? Placing them in the mirror of traditional finance allows us to conduct a deep role deconstruction. Meme coins are not a single role, but a mix and amplification of multiple marginalized or suppressed roles in the traditional financial world. They are both the ultimate release of speculative desire and a financial totem of community culture, and they may also serve as a "mirror to examine the essence of modern finance."
1. Market Level: "High-Risk Lottery

The "Cultivation" Craze on the BSC: A New Era of Meme Tokens
In today's era where everything can become a Meme, the BSC chain is undergoing an unprecedented "cultivation" transformation. This public chain, once known for low Gas fees and fast block generation, has now become the main battleground for Meme Tokens, as if spiritual energy has revived and demons are dancing wildly.
From the continuation of traditional totems to the emerging cultivation, alchemy, and spirit pet Meme on the BSC chain, the atmosphere of the entire market has changed. Participants are no longer just speculators; they have transformed into cultivators. Tokens are no longer just simple chips, but rather spiritual roots infused with spiritual energy.
The reason for the revival of BSC on-chain aura
BSC was long regarded as a "shanzhai coin chain", but it is precisely this characteristic of "low threshold + high liquidity" that has provided a fertile ground for the barbaric growth of Meme Tokens.
1. Low gas fees
Minting cost

Meme coin: A novel phenomenon in the financial world
Meme coin is one of the most striking and confusing phenomena in the cryptocurrency field. From a vast ecosystem spawned by a Japanese Shiba Inu meme to a digital currency propelled to fame by a certain tech entrepreneur, these tokens that originated from jokes and thrived in communities are continuously challenging the inherent concepts of the traditional financial world with their drastic price fluctuations and enormous wealth effects.
Are these tokens mere worthless digital bubbles, or do they represent a whole new asset class? Placing them in the mirror of traditional finance, we can conduct a deep role deconstruction. Meme coins are not a single role, but rather a mix and amplification of multiple marginalized or suppressed roles in the traditional financial world, serving as both the ultimate release of speculative desire and a financial totem of community culture, while also potentially being a unique mirror to examine the essence of modern finance.
1. Market Level

Meme Coin: The Outlier and Mirror of the Financial World
Meme coin is undoubtedly one of the most eye-catching and perplexing phenomena in the cryptocurrency space. From a massive market capitalization project spawned from a Japanese Shiba Inu meme to Dogecoin, which is praised by the CEO of a well-known tech company, these tokens, which originated from jokes and thrived in communities, continuously challenge the values of the traditional financial world with their extreme price volatility and enormous wealth effect.
Are these tokens mere worthless digital bubbles, or do they represent a whole new asset class? Placing them in the mirror of traditional finance allows us to conduct a deep role deconstruction. We will find that Meme coins are not a single role, but rather a mix and amplification of multiple marginalized or suppressed roles in the traditional financial world. They are both the ultimate release of speculative desire and a financial totem of community culture, while also potentially serving as a "magic mirror" to examine the essence of modern finance.

The Financialization of Meme Coins: The Cultural Game Triggered by DOGE ETF
In September 2025, a rather sarcastic code appeared on the electronic screen of the New York Stock Exchange: DOJE. This cryptocurrency, marked by the Shiba Inu logo, was just a joke made by programmers eight years ago, but now it is entering Wall Street in the form of an ETF, managing hundreds of millions of dollars in assets. The seemingly contradictory concept of "DOGE ETF" has become a reality, marking the official start of the game between internet meme culture and traditional finance. This transformation reflects both a compromise of grassroots culture to capital power and the financial system's incorporation and transformation of emerging assets.
![First US DOGE ETF (DOJE) Now Trading: How to Buy and Key

The on-chain MEME Token launch platform has reshaped the token distribution model by simplifying the token creation process, attracting community participation. Major platforms include Pump.fun, LaunchLab, Believe, and Boop.Fun, each with its own features to tackle market competition. In the future, successful platforms will need to address challenges such as user protection and multi-chain deployment to stand out in the competition.

The listing of the DOGE ETF marks the collision and integration of meme assets with TradFi, reflecting the complex relationship between internet culture and the Capital Market. Currently, the shift in regulatory agencies has made the Compliance of encryption assets possible, but this has also led to the gradual loss of meme culture and the reshaping of financial logic. While it can bring prosperity in the short term, whether DOGE can maintain its essence in the long term is worth pondering.

Recently, the trend of issuing coins in the Solana ecosystem is changing. Old platforms are gradually losing users, while new coin issuance platforms are emerging, attracting users due to their greater emphasis on community and project support. These new platforms promote genuine ecological development through reasonable profit distribution and substantial assistance, allowing users to become active co-builders rather than passive participants. This transformation reflects the reshaping of the market landscape and the shift in user demands.

A token issuance platform in the Web3 field has restarted its live streaming feature, which may trigger new changes in the industry and expand the market size. During the suspension period, emerging platforms like Sidekick have risen, showcasing differentiated competition. The industry needs live streaming that aligns with Web3 characteristics, and there is hope for the emergence of new video platforms.

The bold experiment in the Crypto Assets industry: Can the buyback strategy replicate Apple's success?
Seven years ago, Apple Inc. accomplished a financial feat whose impact even surpassed the company's most outstanding products. In April 2017, Apple opened its $5 billion "Apple Park" campus in Cupertino, California; a year later, in May 2018, the company announced a $100 billion stock buyback program. This amount is 20 times its investment in the 360-acre headquarters campus known as the "Spaceship." This sent a core message from Apple to the world: besides the iPhone, it has another "product" that is just as important (if not more so) than the iPhone.
This was the largest stock buyback plan globally at the time and part of Apple's decade-long buyback frenzy. During this period, Apple has spent over $725 billion repurchasing its own stock.

The listing of the DOGE ETF marks the convergence of internet meme culture and TradFi, revealing deep contradictions such as regulatory arbitrage, cultural fragmentation, and power shifts in the process of financialization. However, this transformation may lead meme assets to lose their spirit of Decentralization, becoming quantifiable financial products, ultimately fostering short-term prosperity but inevitably triggering long-term risks and cultural reflection.

The article discusses the social currency attributes and generational differences of the emerging trendy IP Labubu and the traditional liquor brand Moutai, analyzing their differences in consumption motivation, globalization process, and IP cycle risks. It also points out that Labubu faces challenges such as regulatory risks and market saturation, illustrating the alternation of old and new consumption models and the fragility of the investment market.

Analysis of Key Trends in Web3 for 2024
Looking back at the predictions made a year ago regarding the main trends in Web3, it can be said that some of the predictions were accurate. Currently, the main and secondary directions of the industry are roughly as follows:
1. Stablecoins and the tokenization of real-world assets ( RWA )
The most noteworthy projects in this field currently include:
- CRCL: Essentially a bet on a company's position in the stablecoin market. Although the current price is still relatively high, considering the 5-8 times growth potential in the stablecoin market over the next 5 years, along with the recent significant correction, it could be a good entry opportunity.
- PlasmaFDN: As the only investable stablecoin public chain project at present, its financing scale, ecological construction, and community influence far exceed that of other competitors. The locked amount after the mainnet launch is expected to be at least 3-4 billion USD, with a TVL of (. Although the current valuation is slightly high, it can be

The article reviews the main development directions of Web3, including stablecoins, AI agents, Meme Tokens, and prediction markets. The stablecoin sector focuses on projects like CRC, Plasma, ENA, and Ondo, while in the AI agent field, Bittensor and its potential are mentioned. The Meme Token market continues to be hot, with Pump becoming a leader. The prediction market shows potential, but there is a scarcity of investment targets in the Secondary Market. Overall, projects with real income and profits will become the core of the future bull run.

Research reveals the impact of Trump Meme coin issuance on the crypto market
Recently, the journal Economics Letters published a research paper titled "From Zero to Hero: The Spillover Effects of Meme Coins in the Crypto Market." The study analyzed the impact of the Trump issuance of Meme coins on the crypto market, revealing the heterogeneous volatility spillover effects driven by market sentiment and fundamentals, as well as how political signals amplified speculative dynamics, highlighting the increasingly important role of political factors in shaping the crypto market and investor behavior.
Introduction
In recent years, the impact of political dynamics on financial markets has become increasingly significant, and the cryptocurrency market has emerged as an important area where politics and finance intersect. The 2024 U.S. presidential election further highlights this relationship, with Republican candidate Trump unprecedentedly turning to support digital assets, claiming he will make the U.S. the "global cryptocurrency capital."