Subculture memes drive the independent market of Japan-related Meme coins, with Meme coins led by "114514" all experiencing significant gains.

MEME-1,32%
SOL0,67%

BlockBeats News, January 6 — According to GMGN Monitoring, recently, a resurgence of the Japanese internet subculture “Beast Sempai” (also known as “Inmou Meme”) has sparked a new wave, leading to independent market movements of related Meme tokens on the Solana chain, with market attention rapidly increasing. Among them, multiple tokens represented by the Pump Live live-streaming token “114514” have flooded social platforms, and coins like YAJUCOIN, 42069, etc., quickly entered the hot list after launch, further boosting market sentiment. Some Meme token information is as follows:

114514: Market cap temporarily reported at $42 million, intraday peak at $57 million, current price approximately $0.042, up 700% in 24 hours;

42069: Market cap temporarily reported at $1.4 million, intraday peak at $2.48 million, current price approximately $0.0014, up 2900% in 24 hours;

YAJUCOIN: Market cap temporarily reported at $960,000, intraday peak at $3.56 million, current price approximately $0.0009, up 7200% in 24 hours;

BEAST: Market cap temporarily reported at $240,000, intraday peak at $490,000, current price approximately $0.0002, up 260% in 24 hours;

The number “114514” originates from the Japanese classic internet meme “Beast Sempai,” with a phonetic pun in Japanese “いいよ、こいよ” (meaning “Alright, come on”). This meme originated from an old film in 2001 and has been circulating in Japanese internet culture for over 20 years, with a certain community recognition.

This market trend may be driven by multiple factors: including Japan’s expectation to reduce cryptocurrency tax from 55% to 20%, plans to allow direct listing of crypto assets, and recent overall market recovery along with a collective revival of Meme sector on the Solana chain, providing emotional support.

Related article: “Besides $114514, which other projects can you follow?”

BlockBeats reminds users that Meme coin trading is highly volatile, largely dependent on market sentiment and hype, with no real value or utility. Investors should be cautious of risks.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BNB Chain leads the AI sector with 39.9% market share, so why is the price still falling?

BNB Chain is emerging as a leader in the AI agent ecosystem, holding 39.9% market share. However, its token BNB's price has not reflected this growth, remaining 25.9% below its previous peak, as market sentiment remains cautious.

TapChiBitcoin2h ago

The Number of XRP Wallets Just Broke Another Record – Here’s What the Distribution Looks Like

XRP just crossed a milestone that doesn’t show up on the price charts. The number of wallets holding less than 100 XRP hit an all‑time high, pushing total addresses on the ledger to new levels. Even though traders stare at the $1.45 price level and wonder where the next move comes from, the ne

CaptainAltcoin2h ago

Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure

Under Middle East geopolitical tensions, Bitcoin faced widespread selling pressure, particularly from retail holders. According to Glassnode data, the market is experiencing heavy selling pressure, with the accumulated trend score declining to 0.04, indicating that retail and small-to-medium investors are reducing their positions significantly. Despite this, Bitcoin's resilience against the decline has surprised market observers.

区块客3h ago

Dogecoin Slides Despite Elon Musk Reviving DogeFather Persona

Key Insights Elon Musk’s DogeFather post sparked attention, yet Dogecoin’s price declined, showing limited market reaction despite strong social media engagement and renewed community discussion. Dogecoin traded near $0.093 after a failed recovery attempt, with steady volume and moderate

CryptoFrontNews3h ago

Bittensor Holds Strength but Faces Resistance Near $285 Level

Key Insights: Bittensor maintains strong short-term momentum above key averages, while ETF developments and high staking levels continue shaping liquidity and investor demand dynamics. Overbought technical indicators signal stretched conditions, even as bullish momentum persists,

CryptoFrontNews4h ago
Comment
0/400
No comments