The movie "All In" has sparked a Meme coin craze, with Kuitai coin rising 3000 times before quickly falling back.

Unveiling the Crypto Assets Elements and Meme Coin Phenomenon in "All In"

The recently released movie "All In" features elements from the Crypto Assets world, such as "coin Coin" and KOTAI coin. With the release of the film, KOTAI coin was quickly issued in the Crypto Assets market. Currently, there are trading pairs for KOTAI coin on multiple blockchains, primarily concentrated on Ethereum, BSC, and Base chains. Among them, the liquidity on Uniswap v2 on the Ethereum chain is the largest. The price of KOTAI coin skyrocketed rapidly after the film's preview, increasing by more than 3000 times within two days. However, less than 24 hours later, it began to decline, and as of August 19, it had fallen back to the price on the day of issuance.

"All In" KTC Coin Surges and Plummets, A Brief Discussion on Memes in the Crypto Assets Circle

Kusama coin belongs to a category known as "Meme coins" in the Crypto Assets. The term "Meme" was first introduced by Richard Dawkins in his 1976 book "The Selfish Gene," referring to cultural factors that can be inherited and spread at the level of human thought. In the internet age, Memes often manifest as satirical images or easily shareable content such as emoticons.

"All In" KTC Coin Soars and Plummets, A Brief Discussion on Memes in the Crypto Assets Circle

The combination of memes and Crypto Assets began with the creation of Dogecoin in 2013. It was initially created to satirize the hype surrounding Crypto Assets but unexpectedly gained widespread attention. At the end of 2020, Musk began promoting Dogecoin on social media, causing its price to reach a peak of $0.74 in May 2021.

"All In" KTA Coin's Wild Fluctuations, A Brief Discussion on Memes in the Crypto Circle

The success of Dogecoin has led to a large number of imitators. Early Meme coins were mostly secondary creations based on internet cultural materials, but they gradually developed into grander narratives. From 2017 to 2020, some Meme coins obtained financing through ICOs and attempted to build ecosystems. In May 2021, Shiba Inu coin (SHIB) quickly became popular after being listed on exchanges, sparking a wave of "animal-themed" Meme coin frenzy.

"All In" KTA Coin's Surge and Plunge, A Brief Discussion on Memes in the Crypto Circle

Recently, the market has once again seen a surge in Meme coins. ArbDoge AI combines the concepts of AI and Doge, while Pepe has become a dark horse, setting new highs in trading volume and number of holders. However, these types of coins often have a fleeting existence, as Pepe dropped more than 60% within a week.

"All In" KTA coin's wild fluctuations, a brief discussion on Memes in the Crypto Assets circle

Current Meme coins have deviated from their original cultural dissemination significance and are more of a speculative tool. They often lack long-term development plans, and price increases mainly rely on investors' FOMO mentality. Due to the teams being mostly anonymous, it is easy to cut ties with the project after cashing out, lacking motivation for maintenance.

Nevertheless, Meme coins will still be closely tied to the Crypto Assets market. However, given the current market liquidity contraction, cautious investing and avoiding impulsiveness seems to be a wiser choice.

"All In" KTA Coin's Volatility, A Brief Discussion on Memes in the Crypto Assets Circle

"All In" Keta Coin's Wild Fluctuations, A Brief Discussion on Memes in the Crypto Circle

"All In" Keta Coin's Wild Fluctuations, A Brief Discussion on Memes in the Crypto Circle

"All In" KET Coin Price Surge and Drop, A Brief Discussion on Memes in the Crypto Circle

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DuckFluffvip
· 16h ago
Suckers are coming up with new tricks, playing people for suckers and then running away. Those who understand, understand.
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SeeYouInFourYearsvip
· 17h ago
Another wave of suckers has been played for suckers. So fast.
View OriginalReply0
DeFiDoctorvip
· 17h ago
Medical Record: KOT (科太币) Intensive Care Record, Time of Death 20 hours 12 minutes, early exclusion of ineffective treatment.
View OriginalReply0
GateUser-75ee51e7vip
· 17h ago
Play people for suckers and then run away, too ruthless.
View OriginalReply0
ZkSnarkervip
· 17h ago
well technically just another pump n dump... seen this movie before
Reply0
MEVHuntervip
· 17h ago
As expected, the mev opportunities were devoured by the keen-scented trap dogs.
View OriginalReply0
LiquidityOraclevip
· 17h ago
Once turned, it's gone. Retail investors are always suckers. Heh.
View OriginalReply0
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