🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
Post your Meme on Gate Square for a chance to win $600 in sharing rewards!
A total prize pool of $3,600 awaits all creative Meme masters 💥
🚀 Launch now: https://web3.gate.com/gatefun?tab=explore
🏆 Square Sharing Prizes:
1️⃣ Top Creator by Market Cap (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
2️⃣ Most Popular Creator (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
3️⃣ Lucky Participants (10): $20 Futures Voucher (for high-quality posts)
O
The Immortal Cultivation Meme Coin Breaks 100 Million Market Capitalization in 4 Hours! He Yi's Long Article Ignites a Community Frenzy
Binance co-founder He Yi published a lengthy article titled "Come! Let's Cultivate Immortality Together!", which sparked a frenzy of resonance in the community. The meme coin "Cultivating Immortality" reached a market value of over $105 million within just 4 hours of its launch, with a trading volume of $50.7 billion, topping the Binance Meme Rush leaderboard. This article deeply analyzes the reasons behind the rise of the Cultivating Immortality meme coin, He Yi's change in perspective, and the investment risks associated with meme coins.
Xiu Xian Meme Coin Goes Viral: Market Cap Soars to Billion-Level in 4 Hours
Stunning Market Performance
Latest data as of October 10: According to GMGN platform statistics, the meme coin "Xiu Xian" inspired by He Yi's long article has set an amazing record:
Release time: only 4 hours
Market cap突破: from 32 million dollars skyrocketed to 105 million dollars
Trading volume: reached 50.7 billion USD, indicating extremely high market enthusiasm.
Ranking position: Reached the top of the Binance Meme Rush leaderboard in first place.
Catalysts Behind the Viral Success
He Yi's long article resonates: This morning, He Yi published a lengthy article titled "Come! Let's Cultivate Together!" on Binance Square, in which he candidly shares.
Binance's eight-year entrepreneurial journey, the shift in perception towards MEME coins from rejection to understanding, and the "cultivation" style entrepreneurial philosophy have quickly gone viral in the crypto community.
Community sentiment is high:
· The article title has a strong memorability and communicability.
· The concept of cultivation combined with Eastern culture resonates with the Chinese community.
· He Yi candidly admitted that "opposing MEME, understanding MEME, and ultimately becoming MEME, the clown is myself" and this self-deprecating attitude gained recognition.
He Yi's Perspective Shift: From Opposition to Understanding the Heartfelt Journey of Meme Coins
Former staunch opponents
Past stance: He Yi admitted in the text that he once believed MEME was "a conspiracy scheme wrapped in subculture", and that only serious projects that properly take responsibility for their holders are the right way.
Turning point: It wasn't until I witnessed those "thick-browed and big-eyed, with a glamorous and decent background" legitimate project teams publicly speaking about dreams and sentiments, yet only treating Binance as the final stop for liquidity exit, directly "pouring" (dumping) to retail investors.
Understand User's Real Needs
Core insight: He Yi choked up during the 6-hour AMA and ultimately understood that "most users are not expecting to earn money forever; what users always want is fairness, fairness, and more damn fairness."
Market Insights:
· Users are not trading in "Binance life", nor are they dealing with "Customer Service Xiao He".
· Instead, it is the fairness, opportunity, and consensus that accumulate under these contract addresses (CA) like grains of sand forming a tower.
· For MEME players, Binance, He Yi, and dog-themed and frog-themed meme coins are in the same quadrant, with no distinction.
Important Risk Warning
He Yi clearly warns:
· MEME No one is responsible for the project
· No long-term value support
· There are no shortage of conspiracy groups manipulating.
Cultivation Philosophy: The Entrepreneurial Wisdom of Dao, Fa, Shu, and Qi
He Yi's "Cultivation" Entrepreneurship View
At the end of the article, He Yi uses the metaphor of cultivating immortality to describe entrepreneurship, proposing four levels of realms:
Core quote: "Starting a business, trading, making money, and cultivating immortality are actually the same thing, focusing on the way, method, technique, and tools; until you understand it clearly, if you make money in a muddled way, you will also lose it in a muddled way, after all, people can only earn money within their own understanding."
Investment Risk Warning for Cultivation Meme Coin
High-Risk Feature Identification
Extreme Volatility:
· Market capitalization surged from 32 million USD to 105 million USD within 4 hours
· Pump exceeded 228%, indicating extremely strong speculation
· The trading volume of 50.7 billion USD reflects intense capital inflow and outflow.
Intrinsic Risks of Meme Coins:
· No actual application scenarios to support
· The value entirely depends on community consensus and sentiment.
· Easily manipulated by large holders
· After the hype fades, it may experience a big pump.
Rational Investment Advice
Don't blindly follow the trend:
Cognitive Risk: He Yiming clearly states that he does not endorse any MEME coin.
Position control: Only use idle funds to participate, avoiding impact on daily life.
Take profit and stop loss: Set a clear exit strategy, do not be greedy.
Beware of scams: counterfeit contract addresses and phishing websites are rampant.
Suitable audience:
· Investors who understand and accept 100% loss risk.
· Community participants with an in-depth understanding of meme coin culture
· Traders who can make quick decisions and control their emotions
· Market Insights Behind the Meme Coin Frenzy
Desire for Fair Opportunities
Retail voices: He Yi's change of perspective reveals a core issue - in a market where professional players and retail forces are vastly different, MEME coins provide a "relatively fair" early participation opportunity.
Structural Change:
· Traditional project teams harvest retail investors by exploiting information asymmetry.
· Although MEME coins are high risk, at least the starting line is relatively fair.
· Users seek opportunities, not guaranteed profits.
· The power of cultural consensus
Reasons for the popularity of cultivation:
· Combine Eastern cultural elements to evoke emotional resonance.
· He Yi's sincere self-mockery breaks the idol burden.
· The philosophy of "Tao, Law, Art, and Tool" provides a sense of value.
Community-driven essence: The value of meme coins comes from community consensus. The success of Xiu Xian Coin proves that MEMEs with stories, emotional connections, and cultural connotations have more vitality.
Market Outlook and Key Observations
Short-term Attention Indicators:
· Can the cultivation coin maintain a market value of 100 million dollars?
· Changes in community activity and number of holding addresses
· Are there signs of large holders concentrating on selling?
Medium-term observation direction:
· Is there any further statement from He Yi?
· The policy direction of Binance towards MEME coin
· Yi Labs invests 1 billion USD in the progress of ecological construction.
Industry Trend Judgment:
· The trend of MEME coin moving from the fringe to the mainstream continues.
· Cultural narrative has become an important dimension of cryptocurrency investment.
· The relationship between the exchange and MEME coin is becoming more open.