In the world of crypto, a name is far more than just a label. It is a vessel for community belonging, a reflection of cultural identity, and a judgment of market trends.
On October 20th, Solana's official account on X officially reposted and confirmed the Chinese name "索拉拉". This event may seem ordinary, but it actually marks a deeper shift—the reallocation of cultural discourse power within the global crypto ecosystem.
This name was proposed by X user @muper during a naming contest initiated by Trends.fun founder Mable, ultimately defeating many competitors to win. The nominator explained: "'索拉拉' embodies the spirit of constantly building and energetic creators within the Solana ecosystem. From the accuracy of the transliteration, the catchy rhythm, to the lively feeling brought by the repetition—this name almost perfectly captures the underlying qualities of Solana's rapid iteration and continuous innovation."

The article discusses the birth and demise of DOGE within the U.S. government agencies, using the cryptocurrency name symbolically, but with no substantive results. A young team led by Musk attempted to break traditional practices and improve efficiency, but ultimately faced difficulties due to practical issues and legal lawsuits, leading to the department's dissolution. This event reflects the contradiction between symbolism and substance, reminding people that political reform must focus on effectiveness and sustainability.

Chinese Meme's Breakout and On-Chain Traffic Battle
Entering October, an unusual wave is spreading across BNB Chain. The first batch of Meme coins with a strong Chinese flavor emerged suddenly, quickly escalating from a small domestic player celebration to a global competition. Overseas users began learning Chinese and researching these novel coin names, marking a first in the crypto market.
How powerful is this wave? It has completely changed the market landscape—originally dominated by Solana, the Meme narrative has abruptly shifted focus to BNB Chain. Interaction frequency, discussion heat, and trading activity have all surged, even causing the BNB price to dance with market sentiment, gradually becoming the most eye-catching among mainstream assets after Bitcoin.
However, the good times didn't last long. The industry volatility on October 11th broke this euphoria, market sentiment tightened, and the enthusiasm for Chinese Meme cooled down. But intentionally

The Current State of Meme Coins on Ethereum and Solana: Elite vs. Speculative
When it comes to Meme coins, Ethereum has always taken the "high-cold elite" route. As the pioneer of smart contracts, its Meme ecosystem has always been community-driven with a focus on financialization narratives. By 2025, the upgrade of Pectra and the promotion of spot ETFs indeed gave a boost to Meme coins on Ethereum, but the problems are also obvious—high Gas fees, ecosystem fragmentation of Layer2, leading to long incubation cycles for projects, and high participation barriers for ordinary users. While veteran projects remain popular, the entire ecosystem is limited by "elitism," making explosive growth almost impossible.
Solana's approach is completely different. With low Gas fees and ultra-high TPS, it has forcibly turned itself into a "testbed" for Meme coins. Tokens like BONK, PENGU, and others once had a market cap that skyrocketed.

Mr. KEY is a Web3 entrepreneur guided by a decade of investment perspective and solid conviction. He does not follow meme coins, insists on in-depth research for each investment, and believes in the importance of future value. He thinks retail investors lack the ability to cope with market volatility, and successful investors should focus on long-term potential, eliminating short-term temptations. His investment philosophy emphasizes clear thinking and firm belief, believing that success is a reflection of mindset.

Meme coins from joke to investment mainstay
Over the past two years, observing the changes in Meme coins has been like watching an incredible stage play. These digital assets, originally created as community jest and not taken seriously at first, have suddenly become powerful tools that can mobilize the entire market liquidity.
Now, the influence of Meme coins has penetrated both marketing and financial sectors—brands use them to boost community engagement, and hedge funds are seriously considering small allocations to these highly volatile assets. What exactly has happened? The data speaks for itself.
2025's explosive growth
In 2024, the total capital in the Meme coin space increased by over 500%. Entering 2025, this momentum has not slowed but instead accelerated—massive speculative capital is flowing from mainstream coins into Meme tokens within the SOL and BNB ecosystems.
Regulators have also signaled their stance: the US SEC officially reclassified many Meme coins as collectibles rather than securities, which seems to reduce the...

The explosion of Chinese Meme coins in this round is far more than just a viral internet meme. From Binance's casual reply, it evolved into the focus of industry attention, eventually even triggering a public debate among global exchanges. What exactly happened behind the scenes?
Meme Coins Suddenly Break the Dimensional Wall
In mid-October, when a Chinese-marked coin's market cap突破一亿美元, even European traders couldn't stay calm. Data shows that on October 8th, transaction volume on the BSC chain surged to $6.05 billion, reaching the heights of the 2021 altcoin frenzy—only this time, the leading figure was Chinese Meme coins.
In just a few days, over 100,000 new traders entered the market, with nearly 70% making profits. Even more crazy, some participants rotated through 65 Chinese Meme coins on the BNB chain within 7 days, ultimately earning a net profit of approximately $87,000. This not only attracted local players but even international exchanges, with the scene heating up.

In the crypto ecosystem, a name is more than just a label. It carries the community's resonance, cultural identity, and even forecasts market trends.
On October 20th, the official Solana account on X officially reposted and confirmed the Chinese name—索拉拉 (Sola La). This is not a casual localization effort, but a strategic move that taps into the current wave of Chinese enthusiasm in the global crypto scene, becoming a symbolic cultural signal.
This name originated from a proposal by an X user during a naming contest. The creator explained the reasoning behind the name: "索拉拉 (Sola La)" embodies the relentless building spirit and energetic creativity within the Solana ecosystem. From phonetics to structure, it hits the mark—an easy and smooth transliteration, with the repetitive ending naturally conveying vitality and positivity in Chinese, perfectly reflecting Solana's rapid iteration and innovation-driven core.
But this goes far beyond mere branding localization.
In the broader context, Sola

How a Shiba Inu Reshaped the Crypto Market
In May 2021, an absurd event occurred—a "joke coin" born in 2013 suddenly skyrocketed into the top ten by market cap. The surge of Dogecoin left everyone stunned. This token, featuring only a Shiba Inu avatar and no technical innovation, exceeded a market cap of $85 billion. Why?
The answer isn't hidden in the whitepaper but in every "To the Moon" comment, in countless shared memes, and most importantly, in the cultural sense of community formed spontaneously by millions of holders.
How it survived
In 2013, two programmers, Billy Markus and Jackson Palmer, made a joke—creating Dogecoin to mock the speculative frenzy of cryptocurrencies at the time. They chose the internet celebrity Shiba Inu as the logo, and then

Recently, while pondering the frenzy around Meme coins, I suddenly had an epiphany: the power of traffic is indeed awesome, but the wisdom of traffic? Nonexistent.
Following this logic further, I discovered a more interesting topic— the bankruptcy of the "end of history" theory.
Remember Fukuyama’s theory? Every bull and bear cycle, someone always pessimistically exits, always with the same reasons: too many coins issued, no more opportunities, this track is dead.
And thus, these narratives emerge:
There will be no democracy after the US.
There will be no cryptocurrencies after BTC.
There will be no public chains after ETH.
There will be no landraces after some Meme.
All wrong.
Bitcoin is not the end of cryptocurrencies; it’s just the beginning.
Here's a brain teaser: how to understand the seemingly contradictory propositions of "BTC’s non-replicability" and "the market always has new opportunities"? Figuring this out, I’d say, is a pass.

From a joke to a financial weapon, Meme coins have really gone big
Speaking of Meme coins, many people's first reaction still sticks to the impression of "community stunts." But the reality is——these things are no longer fringe products.
In 2024, the total market cap of the entire Meme coin sector surged by over 500%. By early 2025, speculative funds withdrew from the market like a tide, flooding into various clone Meme coins. Now? The US SEC has directly classified a large number of Meme coins as "collectibles" rather than securities, with virtually no regulatory protection.
Sounds exciting, right? But behind the excitement is the brutal reality that 98% of tokens will become worthless within 24 hours.
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$TRUMP skyrockets overnight, 700 imitators rush in
On January 17, 2025, $TRUMP suddenly emerged.
In less than a day, its market cap skyrocketed to $27 billion. This number

Elon Musk is causing a stir again.
On November 4th, the "Dogecoin godfather" reposted an old tweet from April 2021 — "SpaceX will send a real Dogecoin to the real moon," accompanied by three words: the time has come.
Once the news broke, the community erupted. DOGE briefly surged from $0.172 to $0.178, but was quickly pushed back by market selling pressure. Compared to the frenzy in 2021 when "a single tweet caused a 30% surge," the reaction this time was much calmer.
What does this indicate? The market has become smarter. Investors today don't fall for empty promises; you have to show some real substance.
This time, it's not just hype.
Back in 2021, a few weeks after Musk's tweet, he officially announced that SpaceX was planning the DOGE-1 lunar mission, and they would only accept Dogecoin as payment.
This project was led by the Canadian company Geometric E

During the National Day holiday, the A-shares market was closed. While stock investors were stuck in highway traffic, the crypto community was already exploding.
Several inexplicable meme coins—Meme4, PALU, and that one called "Binance Life"—saw their market caps multiply dozens of times in just a few days. Early entrants had millions of dollars on paper, people started sharing screenshots in their friend circles, and Twitter influencers were collectively ecstatic.
And then?
Starting October 9, it was a free fall. Some coins dropped 95% in a single day, over 100,000 people got liquidated, with a total amount of $621 million. The myth of overnight riches instantly turned into a bloody tragedy for retail investors.
If this happened on Wall Street
Do you remember the 2021 GameStop incident?
Retail investors on Reddit pumped the stock price of a near-bankrupt game store to the moon, causing short-selling institutions to lose everything. The chairman of the U.S. SEC called it "a milestone in behavioral finance"—no matter how outrageous the price, as long as the trades are real.

Dogecoin was originally a joke by two programmers, but it gradually increased in value due to the enthusiasm of the community, reaching a market capitalization of over $85 billion in 2021. Subsequently, imitation projects like Shiba Inu and PEPE also emerged, indicating that the value of meme coins depends on their virality and community consensus. Participating in meme coins requires identifying with cultural symbols, actively spreading them, and approaching investment with an entertainment mindset, as grassroots culture achieves a counterattack within the financial system.