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.

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.

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.

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.

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.

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.