Solana Meme makes a strong comeback, what is being speculated on-chain?

Written by: BUBBLE

Although the trend of compliance in cryptocurrencies has become evident recently, it seems that all blockchain projects are now associated with "compliance," "institutions," and "policy trends." However, the craze for Memecoin and ICM projects on-chain does not seem to have ended yet. It appears that in order to seize the "last wave" of on-chain enthusiasm, various platforms have chosen to unveil their "killer moves" at this time.

Rhythm BlockBeats has compiled several outstanding assets for introduction.

NEET who doesn't work

NEET, or "Not in Employment, Education, or Training," originally referred to young people who are neither employed nor engaged in education or vocational training (especially those aged 16–24). In Japan during the millennium, the age range for the concept of NEET was expanded to include those aged 15–34, and it became widely associated with the culture of "otaku" and "staying indoors." For a long time, it was linked to the term "hikikomori."

With the spread of internet culture, this term gradually entered the subculture circles in Europe and America, especially in anonymous communities (such as 4chan /r9k/ and Reddit). By the 2010s, NEET had gradually evolved into a form of self-identification and cultural identity for "liberals." From the comments on 4chan, it is evident that most of them say whatever they want, discriminating against women and blacks, and are self-centered. NEET is not necessarily a real identity, but a kind of online persona. Those who refer to themselves as "NEET" often emphasize their disconnection from mainstream society, rejecting social rules and even "taking pride in it." It is both self-deprecation and a form of "alternative identity belonging."

Neet is widely used in the /r9k/ board (Robot9000) on 4chan, which was originally developed by 4chan founder Christopher Poole in 2008 as an original content filtering system. The intention was to avoid spam and copypasta, which has made the culture of this board very creative, with screenshot conversations leading to discussions in /r9k+1/ (Robot9001), an improved version of /r9k/.

Although when the founder of Pumpfun, Alon, first bought $neet, the token surged nearly 4 times in just one minute, it quickly fell below its market value before the purchase. However, its price trend has remained stable. In addition to having many prominent "brothers" who promote it and a strong community culture, its Twitter operations are also quite good.

After seeking verification from Cookie, who was the first to shout $neet in the Chinese community, it was learned that the Twitter operation of Neet is managed by Primed. Under his and the community's management, the accounts within this token system have shifted from "price discussions" to focusing on making "cultural trends". The price movements driven by the dissemination itself are far more genuine and healthy than the changes brought about by "strong institutional control". Excellent dissemination, a deep community culture, and a supportive team behind it have combined to create the rare "interesting Meme" within the current system.

Left: Reached 12 million views, Right: Musk's retweet brought 100 million views.

How is the ICM process of Believe going?

With the shutdown of Bags and Heaven in the same arena, Believe is gradually returning to the center of attention today. Its official token LaunchCoin, after a month of continuous decline, has finally begun to rebound. Recently, the CEO of Cluely, the hot "interview cheat tool" in the AI circle, Roy, shared a photo with Believe's founder Ben Pasternak, which has led the community to speculate that there may be some level of collaboration between the two.

Left: Cluely CEO, Right: Believe Founder

Believe seems determined to abandon concepts like "100% cost rotation" and refocus on solidifying its "ICM platform concept". Following its last stay at the extremely expensive "Aman Tokyo" with his girlfriend Evelyn Ha, along with the slow progress of the platform and the gradual "zeroing out" of the ecosystem, various emotions have sparked some "heated discussions" in the community. Ben seems to have shifted his focus back to Believe, first directly acquiring Abode for a better product UI, and now some interesting projects have chosen to issue through Believe again. What are the new and old labels that are currently performing well on Believe?

Believe in the existing ecosystem, image source: @PaceTerminal

HUCH: CS2 Skin Lending Platform

HUCH is an on-chain lending platform for CS2 skins, which won the University Prize at the hackathon game track held by Colosseum and Solana in July. It was launched on Believe on August 24, and its market capitalization currently maintains around 1.5 million dollars.

The overall basic concept of the product is actually quite simple. The team believes that the skins of Counter Strike 2 currently have a huge market worth nearly tens of billions of dollars, but there is no liquidity to match it. Additionally, the skins of CS2 have significant similarities in financial attributes with DeFi products. Therefore, they want to create an on-chain platform that transforms gaming assets into financial tools through collateralized lending.

The team integrates real-time market data for accurate valuation, allowing players to use CS2 skins as collateral to obtain instant cash loans (65% of the value).

Interestingly, before the launch of HUCH, founder Hugo claimed that he sold his Apple computer to promote HUCH and attended a summit organized by the well-known crypto "public workspace" Mtn DAO. This was appreciated by Cobra from the Mtn community, who discussed on X whether to sponsor him a computer. This proposal received a lot of responses from the community, with many team members from various projects expressing their willingness to sponsor him.

Kled: AI Data Trading Matching Platform

Kled is an on-chain AI data trading intermediary platform designed to connect AI developers with data copyright holders, providing trading channels for various types of data such as video, audio, and text. The project received a $2 million investment from K5 Capital (which has previously invested in projects like Uber and Xai). The founder, Avi Patel, dropped out of the University of Illinois at Urbana-Champaign, founded the music copyright platform Nitrility in 2023, and launched Kled in 2024.

In the early days, due to contract deployment issues, the price of the $KLED token once hit rock bottom, causing panic in the market. However, the platform's founder Ben (founder of the Believe platform) promptly clarified the contract address issue in a post on platform X. As the development team continuously updated product features, community confidence gradually restored. Subsequently, Kled's market capitalization rebounded to approximately 10 million dollars and was listed on the Moonshot exchange.

On June 9, Kled V2 announced the next phase of its enterprise contract "Kled Pages" and revealed collaboration plans with platforms such as YouTube, Twitch, and Google Classroom, while also co-hosting a hackathon with Stanford University and UC Berkeley. This series of developments is expected to bring more B2B revenue for the platform and enhance scalability, while also igniting FOMO sentiments within the community, driving the $KLED price to reach a new high with a market cap that once hit $36 million. After the hype subsided, it fluctuated around a market cap of $10 million, currently quoted at $18 million.

Polycule: Polymarket's Telegram trading bot

Polycule is a Telegram trading bot compatible with Polymarket, allowing users to place orders directly via chat commands, bypassing the U.S. access restrictions to Polymarket. It addresses the pain point of the platform being inaccessible directly from the U.S., which led to a $560,000 investment from AllianceDAO. With Polymarket officially announcing a collaboration with the Telegram bot on X, the platform charges a fee of 0.01%–0.05% on each transaction and allocates 30% for buybacks and burns, providing deflationary support for the token.

The decentralized prediction market Polymarket gained fame for successfully predicting the results of the 2024 U.S. presidential election, leading to a surge in platform popularity and trading volume. However, due to regulatory investigations, Polymarket has been banned in the U.S., and American users cannot access the platform directly. Polycule was born in this context – it is a lightweight Telegram trading bot that connects with Polymarket, allowing users to participate in on-chain YES/NO betting trades through chat commands without opening a webpage, thus bypassing domain restrictions and enabling convenient participation in prediction markets in regions like the U.S. With the idea of addressing the pain points of using Polymarket on mobile and in restricted areas, Polycule secured $560,000 in seed funding from AllianceDAO.

Polymarket officially expressed support for Polycule - its CEO Shayne followed the official Polycule account. When a user inquired on X about placing bets through Telegram, Polymarket officially confirmed the availability of the Polycule bot. This wave of official endorsement drove the $PCULE token to its first round of increase. Subsequently, on June 6, social platform X announced a partnership with Polymarket, making the latter the official prediction market partner of X, which also allowed Polymarket's data and predictions to flow with the content on the X platform. This news once again pushed the $PCULE price to a new high.

Currently, Polycule charges a transaction fee of 0.01%–0.05%, and 30% of this fee is used for the repurchase and burning of tokens, thereby providing deflationary support for $PCULE. With the rise of social trading, Polycule is rapidly expanding its user base on one hand, while on the other, its transaction fee "burn" mechanism creates a positive feedback loop that drives the token price to continue rising.

DAOSFUN limited-time return?

Unlike Believe's focus on ICM, DAOS.FUN aims to bring back the "glory" of Crypto AI to the blockchain.

LLM: Officially endorsed Latin AI agent memecoin

LLM (Latina Language Model) is an AI concept Memecoin issued on the DAOS.FUN platform, with the issuer being the platform's founder @baoskee, who claims to be the "first fully autonomous Latino AI agent" role token. Due to sharing the same name with the previous ai16z imitation "Large Language Model" (in fact, the image is quite similar), the project did not attract widespread attention during its initial launch phase, thus providing a relatively long entry opportunity.

However, some senior traders in the Chinese crypto community, such as Noobwillwin and 0xNoNo, got involved early on. According to community information, the founder of LLM reserved about 5.14% of the tokens for holdings while also serving as a moderator for the LLM community. This indicates that LLM is not an ordinary community coin, but an AI concept token endorsed by the official team of DAOS.FUN.

Baoskee indicates that the development of AI Agent technology is entering a springtime, and in the future, this type of application-based AI token is expected to differ from the past purely speculative "AI season" bubble by driving industry iteration through actual products and innovative financial models. However, currently, LLM has not demonstrated anything different from previous Crypto AI in terms of products, but Baoskee's endorsement has directly pushed its market value to 20 million dollars.

$Drink: Microstrategy for alcoholic assets

BAXUS is an RWA project focused on by the DAOS.FUN platform, recommended by baoskee and notable investor Mike Dudas among others. The project has created a high-end whiskey and wine on-chain trading market on the Solana network, aimed at solving the issues of low efficiency and poor liquidity in the traditional high-end liquor collectibles market. On the BAXUS platform, rare bottles can obtain a trustworthy digital ownership certificate: collectors send the physical bottles to the Baxus Vault for professional temperature-controlled storage, after which each bottle will be scanned with high precision and minted as a unique NFT, serving as the on-chain proof of ownership for that bottle. Buyers and sellers can access the platform globally at any time and can conduct transactions using various payment methods, including credit cards, ACH, wire transfers, and cryptocurrencies /USDC. Users can view real-time price trends, trading volumes, and historical records for each bottle, and any bottles traded or stored in BAXUS can be withdrawn physically or left in the Vault for resale at any time, with trading efficiency far exceeding that of traditional auction models.

Drink is the token of the DAO organization promoted by the founder of Baxus, who launched an alcoholic "micro-strategy" concept.

Members of the DAO can vote on the acquisition, management, and ultimate fate of special wines or barrel-aged spirits. The decision is to sell, continue holding, or share (drink).

On the heels of LLM's explosive rise yesterday, Baoskee also recommended Drink, which led to its price increasing by 100% in a short period, with a current market value of 600,000 USD.