Despite the market exhausting many negative factors

As the market exhausted many negative factors, the market has slightly recovered from the bottom, and the most eye-catching chain in the past 7 days is Ethereum.

The cryptocurrency market has seen a slight recovery from the bottom as it exhausted many negative factors. In the past seven days, the most eye-catching chain is Ethereum.

This chain, which was criticized a lot some time ago, has continued to rise in the price of Ethereum with the upgrade of Pectra, the continuous purchase of ETFs, and the success of Virtual's new issuance model. Capital recognition + technology upgrade + on-chain ecological prosperity have also led to a repeated recovery of Memecoins on the Ethereum chain.

On the other hand, Solana, the old secondary Memecoin and AI sector tokens are generally rising, but the primary market is getting faster and faster because there are no more narratives to carry on. At the same time, the upper market is facing the continuous release of selling pressure from related addresses such as FTX and Alameda, and the lower market continues to pump money. The only new token is the Bonk system that continues to output new gold dogs, but it is difficult to support it alone. Except for the upper addresses, fewer and fewer ordinary people can make money in the ecosystem.

@ec_unoxx's DUNE dashboard shows the profitability of nearly 30,000 addresses

ETH Meme Resurgence

Matt Furie Concept Returns

For Ethereum's Memecoin, Pepe is definitely the undisputed leader. It has cultivated a very strong community in the last cycle of ETH Meme craze. As one of the most well-known Memes, it is the main force in this ETH Meme rally in terms of market value, capital inflow, and increase.

It is different from the "variability" of Shiba Inu concepts such as SHIB and FLOKI in other chains, or the V God Hippo stolen by Solana. The Frog system seems to be particularly fond of the EVM system, especially ETH, because Matt's work is bound to EVM and deeply rooted in the hearts of the people. For example, ANDY and BRETT have both achieved impressive market value and community.

At that time, Ethereum was rising strongly and its rise even affected the "widespread publicity" of the topic on TikTok. Naturally, the old Ethereum traders were no less enthusiastic and picked up the Matt concept again, reviving this long-dormant "Meme chain".

RATO

The first thing to mention is RATO, which is a character in Matt Furie's new book "Rato the Rat". Its image is almost the gray "Pepe" with a rat nose and ears, but the image is a rat. The current market value of the token has reached a peak of 36 million US dollars, and has now been adjusted back to 15 million US dollars.

BERRy

BERRy "Strawberry", this image has appeared many times on Matt's IG, the image of the female version of "Pepe". According to the well-known KOL Zhang Zhang "@0xZz007", this team is the original Eth$mstr team. The token once reached a market value of 55 million US dollars. After the launch of the token, KOLs with considerable purchasing power "private or public domain" promoted it at almost the same pace, which also made the token's trajectory quite stable before reaching a market value of 10 million US dollars. Now the token has pulled back to around 3.4 million US dollars.

FROGGER

In addition to the Pepe spin-offs in the Matt series, the first work Naked Crab Man, MACI, who is also a character in the "suspected" next work with Berry, and other "frog" concepts, FROGGER is a classic arcade video game originally developed and published by the Japanese company Konami in 1981.

FROGGER was founded 12 days ago. After two weeks of sideways trading, it suddenly soared 10 times yesterday. The top of the list is currently the 15% token issued to Vitalik. The current market value of the token has reached a maximum of 2.8 million US dollars, and has now been adjusted back to 2 million US dollars. Although it is a new concept of Frog, it is not known whether the narrative will continue in the current market.

PepeBoost, a veteran Trading Bot project, expressed his opinion on X. He believes that "Matt's series of characters have a unified style and are easy to identify. If Ethereum really starts a new round, there will definitely be a leading project among them, which is worth paying attention to."

According to the DUNE panel data made by @dyorcrypto, ETH's MOG, APU, PEPE, and SPX have all seen quite good growth. Although ETH's old tokens do not have as much inflow as Solana, the choices are relatively concentrated.

Solana Old Meme A Lot of Money Inflow

When the on-chain market picks up, players will still use Solana as the first driving force. The number of