Memecoins: Humanity in Action

Like the recently launched presidential token $TRUMP, Memecoins are cryptocurrencies that originate from internet culture, heavily relying on community participation and often gaining attention through humor and rapid dissemination.

Title: Memecoins: A testament to humanity in action

Source: Binance

Compilation: Deep Tide TechFlow

Key Points:

- Memecoins, like the recently launched presidential token $TRUMP, are cryptocurrencies that stem from internet culture, largely fueled by community participation and often gaining attention through humor and rapid dissemination.

- This article will delve into the recent QUANT Memecoin event and analyze the human and cultural logic behind the Memecoin phenomenon, alongside other well-known cases.

- The unique nature and high volatility of Memecoins actually reflect the fascinating irrational side of human behavior.

If anything seems like it was pulled straight from satirical news, it's President Trump launching his own Memecoin------$TRUMP. This token went live just three days after his inauguration, promising "huge" returns and a "bright" future------after all, in his dictionary, everything he touches is "the best." With a series of patriotic-themed memes, NFTs of his iconic expressions, and the slogan of "the most stable token in history," $TRUMP has already stirred up a frenzy in the cryptocurrency community. Currently, the token's price has skyrocketed over 10,000%, with a fully diluted valuation reaching $71 billion, a staggering achievement that even Binance co-founder CZ finds perplexing. Just two days later, Trump's wife Melania also launched her own $MELANIA Memecoin.

Whether these tokens will become the next financial phenomenon or merely a joke remains to be seen. But one thing is certain: when the First Lady of a superpower is involved, Memecoins are clearly no longer a niche curiosity but a fully exploded cultural phenomenon.

Memecoin of the 45th President of the United States Source: X

Today is the perfect time to gain a deeper understanding of Memecoins. This article will use QUANT Memecoin as an example to explore the successful logic and cultural significance behind it.

QUANT: How a 13-Year-Old Boy Sparked a Mini Financial Revolution Online

The story begins, like most Memecoins, with a joke.

On an ordinary night in November 2024, a 13-year-old Gen Z streamer sat at his desk, live-streaming to a small but loyal audience. His "weapons" included a sarcastic sense of humor, keen insights into crypto trends, and a strong interest in memes. His "grand plan"? To launch a Memecoin named QUANT on the Solana-based platform Pump.fun. On this platform, creating a cryptocurrency is almost as simple as registering an Instagram account.

In just a few minutes, QUANT was officially launched. The young creator showcased all his talents as a savvy crypto prankster. When a group of token holders was drawn in by the hype of "the next Memecoin hot project" and rushed to buy QUANT, he swiftly executed a classic move in the cryptocurrency realm------the "Rug Pull." He sold 51 million tokens for $30,000 worth of SOL. Then, he flashed a smug smile at his audience, casually closing his laptop like a villain in a low-budget heist movie.

Source: Chaincatcher.com

Source: Chaincatcher.com

This little guy even provocatively flipped the bird before the Rug Pull.

In the world of Memecoins, Rug Pulls are not new. However, what happened next turned QUANT from a fleeting joke into an unprecedented mini financial and cultural revolution.

This Rug Pull was not quietly accepted as the boy might have anticipated; instead, it sparked outrage within the community. Angry traders decided to "take revenge" in typical Memecoin style: they banded together to push the token's value to new heights.

The QUANT community, through collective action, raised the token's market cap to $22.6 million in just 15 hours. The tokens that the boy sold for $30,000 instantly surged to nearly $4 million in value. Ironically, the boy who orchestrated the Rug Pull could only watch as his token became the hottest Memecoin of the moment, unable to profit from it.

Meanwhile, the cryptocurrency social circles------Twitter, Reddit, and Telegram------were instantly flooded with jokes, memes, and conspiracy theories. On that day, #QUANT became a trending hashtag, perfectly showcasing all the characteristics of the Memecoin market: absurdity, community-driven, and extreme unpredictability.

As QUANT's popularity soared, cryptocurrency enthusiasts quickly took action, doing what the internet does best: they exposed the boy's true identity. His personal information, even details about his family, were leaked online. What started as a light-hearted financial prank ultimately evolved into a cautionary tale about the dark side of Memecoin fame.

However, even in the face of such a strong backlash, the 13-year-old boy showed no fear. Not only did he not stop, but he doubled down, launching follow-up tokens like $Lucy, named after his