The contract launch has greatly boosted market sentiment, attracting the attention of many retail investors and traders. Research and investment are not gambling; improving success rates through data and market sentiment analysis is particularly important. After observing several key points, the author is optimistic about the performance of a certain project and believes its uniqueness is worth holding for the long term. However, market volatility and risks always exist, so investment should be approached with caution.

The article discusses the similarities between the x402 protocol’s meme coin PING and BTC inscriptions from 2023, noting that both have a high degree of similarity in terms of on-chain data legitimacy and off-chain rules. The gameplay of PING is similar to inscriptions, both relying on indexers to determine the validity of transactions. Although there are issues of asset centralization, this phenomenon has stimulated the use of the x402 protocol and may lead to further innovation. The author believes that PING is merely the beginning of the x402 narrative, with significant potential for future market evolution.

Have you ever thought about what a Chinese name for a public blockchain could spark?
On October 20, the official account of a certain high-performance public blockchain confirmed its Chinese name—索拉拉 (Suǒlālā). This wasn’t just randomly picked; it emerged from a naming contest organized by Mable, the founder of Trends.fun, and was suggested by X user @muper. According to him, the name represents the builder spirit on the chain—those working tirelessly day and night, full of energy.
Sounds pretty catchy, right? The use of a reduplicated structure makes it sound lively and addictive, which strangely matches the chain’s usual fast-paced and innovative vibe. But more importantly, the timing of this naming couldn’t have been more precise.
Why are foreigners starting to learn Chinese?
Recently, there’s been a surreal phenomenon in the crypto space: a large number of overseas degens have started studying Chinese.
Why? Because several recent meme coins that made people rich started gaining traction in Chinese communities. From Pepe to WIF...

Some people saw through the rules of the game at just 14 years old.
While everyone else was fixated on candlestick charts, Karnika E. Yashwant—known in the industry as Mr. KEY—was already looking ten years ahead.
This young man, who dropped out of school at 14, now manages over 150 employees and has built his own Web3 empire in Dubai. He also serves as a strategic advisor for multiple blockchain projects. The most unbelievable part? He never touches meme coins.
It’s not because he doesn’t understand how to play, but simply because he has no interest in participating in that game at all.
When Ethereum Was $100
Mr. KEY’s story starts with his first Ethereum investment.
He bought when it was $100 per coin. When it hit $3,500? He bought more. When the price fell below $1,000 and others were panic selling, he kept holding.
“I always felt Ethereum was undervalued,” he said calmly.

When Cultural Memes Meet Capital Games
The most unreasonable thing in the crypto market is Meme coins. No tech, no application, no whitepaper—a single meme can support a market cap of hundreds of millions of dollars. In October 2025, an even more surreal scene played out on the BSC chain—this time, it wasn’t just the community having fun, but top players jumped right in to lead the trend.
A casual blessing in Chinese from He Yi, frequent interactions from CZ, and official platforms launching in record time. This wasn’t a spontaneous celebration; it was clearly a meticulously orchestrated capital feast. When the tacky name “Binance Life” burst onto the scene, when on-chain daily trading volume soared to $6 billion, and when tens of thousands of players flocked to this casino, what we witnessed was not just another game of musical chairs, but the spark ignited by the collision of power and passion.
It All Started With That Sentence
On October 4, He Yi replied to a comment on social media in Chinese: “Wish you hold BNB, drive a certain exchange’s car, live in a certain exchange’s community, enjoy a certain exch

During the National Day holiday, Meme coins such as Meme4 and PALU experienced a rapid surge in market capitalization within a short period, attracting a large number of investors. However, on October 9, the value of these coins collapsed rapidly, resulting in 100,000 people being liquidated and losses reaching $621 million. This phenomenon highlights the uniqueness of the crypto market and the role of "sentiment capital" in pricing, underscoring the urgent need for more transparent regulatory and community governance mechanisms to prevent investors from blindly following trends.

The meme coin market is undergoing a transformation, with veteran players showing signs of fatigue and emerging forces like Solana and BSC rising. BSC, with its low transaction fees and large user base, has attracted numerous retail investors, and its ecosystem is gradually improving. Meme projects on BSC are performing well and are establishing a positive cycle, which may lead to the emergence of new projects worth tens of billions in the future.

Something surreal happened in May 2021.
A “joke” coin created in 2013—Dogecoin—suddenly broke into the TOP 10 cryptocurrencies by market cap. That Shiba Inu meme, now carrying a valuation of billions of dollars, left people in traditional finance completely baffled: What on earth is this thing based on?
How a “joke against cryptocurrency” managed to survive
The story begins as a prank by two programmers. Billy Markus and Jackson Palmer, fed up with the rampant speculation in the crypto world in 2013, created a “satirical project”—using the internet’s most popular Shiba Inu meme as its logo, and setting the total supply to unlimited(, a direct jab at Bitcoin’s 21 million coin scarcity).
By all logic, something like this shouldn’t have lasted more than three days.
But the folks on Reddit don’t play by the rules. They actually started tipping fun posts with Dogecoin, organizing charity events, and even crowdfunding.

A brief social media post has once again sent DOGE trending.
"The time has come." On November 4th, Musk quoted his classic tweet from April 2021 on his personal account - SpaceX will send a real DOGE to the real moon. Just a few words ignited the crypto community.
From jokes to real tasks
Many people think that was just another "mouthpiece marketing" from Old Ma. After all, after that tweet was posted in 2021, the price of DOGE skyrocketed nearly 30% in a few minutes, looking more like a signal for speculation. But this time it’s different.
The DOGE-1 lunar mission is a real commercial project developed by Canada's Geometric Energy Corporation. It is a CubeSat microsatellite, with all research and development costs paid in DOGE. It is scheduled to be launched aboard a Falcon 9 rocket.

Recently, I have been bombarded with two questions.
$PING and $PAYAI have confused people these past few days. One MEME coin insists on launching a Launchpad, while the other utility token suddenly migrates to a new pool - the operations are so bewildering it feels like they're about to run away.
The market is so bad that I can't get a grip on it. But there are still some logics we can discuss.
---
Why do they have to make such a fuss?
Actually, it’s all about addressing the shortcomings. If the market conditions were a bit better, these two actions would definitely be seen as a positive.
The Achilles' heel of MEME is that it cannot sustain life. It relies solely on consensus and emotions, and once the hype dissipates, it cools off completely. As for technically practical projects? They have a low ceiling and a low threshold, especially in the tool category like Facilitator. Both sides lack a "confidence pivot."
What is PING doing now? Launchpad. The purpose is very clear: to shed the pure MEME label and create a positive flywheel for its platform token.

In the past two weeks, if you've been in the crypto world, you can't have missed that amazing Chinese ticker.
A Polish trader friend told me that he was stunned when he first saw a certain Chinese-labeled coin surge to a market value of 20 million dollars. What about when it skyrocketed to 60 million or even broke a billion? The European group went completely crazy. A bunch of people frantically deposited into the BSC chain, completely clueless about what was happening, just knowing – it was going up.
This guy is called Barry, and he set up a community called WOK Labs with a few hundred foreigners. He is one of the few foreigners who can understand the Chinese meme culture.
Foreigners playing with Chinese memes, not adapting well.
On October 8th, the trading volume on the BSC chain skyrocketed to 6.05 billion USD. What does that mean? It has returned to the peak levels of the mechanism coin altcoins from that wave in 2021. However, this time, the leaders are all Chinese memes.
Defillama data shows that on that day

During the early days of Trump's presidency, he established a "Department of Government Efficiency" named DOGE, mimicking crypto culture. However, 294 days later, the department was disbanded due to poor performance, faced numerous lawsuits, and ultimately failed to achieve its budget reduction goals. This experiment demonstrated that the combination of politics and crypto culture did not solve real problems, but rather led to more waste, proving that narrative alone cannot replace actual capability.

The BSC chain has transformed from a "cheap and easy-to-use backup chain" into a sacred land for cultivation, with various cultivation-related projects emerging. Players not only engage in Cryptocurrency Trading but also pursue cultural connotations, forming a unique cultivation system. The sense of community participation is strong, and with the guidance of KOLs, this phenomenon is becoming increasingly prevalent. Each player is a cultivator, and Meme culture has become a kind of belief; the story of BSC continues.

The demise of a political meme experiment
Do you remember that U.S. government department named after Dogecoin? The image of Musk wielding a chainsaw to reshape the American bureaucracy went viral countless times in the crypto circle. Now this story has come to an end — the DOGE department has quietly cooled off.
The head of the U.S. Office of Personnel Management, Cooper, recently publicly acknowledged for the first time: "It no longer exists." From the high-profile announcement of its establishment on the first day of Trump's presidency to its quiet dissolution this summer, this so-called Department of Government Efficiency lasted only 294 days. Doesn't this time span particularly resemble those fleeting meme coins?
From Shiba Inu logo to chainsaw marketing
On January 20, 2025, on the day of Trump's inauguration, he signed an executive order to create a "Department of Government Efficiency," with the English abbreviation directly using Dogecoin's DOGE. People in the crypto circle laughed at this - isn't this just bringing the meme coin playbook over?

There is a person who never touches Meme coins.
It's not because he doesn't understand the gameplay.
On the contrary—he understands it too well, so he doesn't play.
Karnika E. Yashwant, known in the circle as "Mr. KEY". He dropped out of school at 14 and now manages several companies with a team of over 150 people, with an office in Dubai. He says it is the "future capital of digital freedom."
Sounds legendary? But his approach is actually quite simple: only buy what you truly understand.
ETH rose from $100 to now, and even when it dropped below $1000, I wasn't worried.
"When I buy, I don't care if it will rise tomorrow, I only look at how much it will be worth in ten years."
This may sound mysterious, but Mr. KEY is really doing it this way.
He bought when ETH was 100 dollars and added more when it was 3500 dollars. If it drops below 1000? Keep holding. Why?
"I think ETH has always been undervalued, B