The Meme Coin Frenzy Under Musk's Concept: The狂欢 of MEME Coins, Speculative Logic, and Risk Warnings
Introduction: From a Single Tweet to a Bubble On February 11, 2024, Elon Musk posted a simple statement on X: "i love pu ppi es." This seemingly casual remark quickly ignited sparks in the crypto world, giving birth to a MEME coin named PUP PI ES. This is not an isolated case. From the early days of Dogecoin ($DOGE ) and Shiba Inu ($SHIB ), to the $FLOKI I named after Musk's pet dog, and countless derivative variations, the "Musk pet concept" has become one of the most powerful speculative narratives in the crypto space.
These tokens experience price swings of hundreds of times, but is this value discovery or purely a "community consensus" game? This article will trace the evolution of Musk-themed pet coins, deconstruct their core mechanics, and reveal the extreme risks hidden behind high returns.
I. The Pet Coin Lineage: From the Original to Variants
Musk's pets, unintentionally, have provided an endless source of MEME material for the crypto market. The concept coins have evolved into a clear lineage, mainly divided into the following three categories:
· 1. Original Legitimate: DOGE and SHIB · Dogecoin (DOGE): Originally a joke, it gained "legitimacy" due to Musk's repeated public support (calling it "the people's cryptocurrency"). Its price is closely tied to Musk's tweets and has gained speculative momentum from market speculation about potential integration into the X payment system. · Shiba Inu (SHIB): Positioning itself as the "killer of Dogecoin," it also rode the wave of Musk and the dog theme. Even during bear markets, it maintains daily trading volumes in the hundreds of millions of dollars, demonstrating a solid community foundation. · 2. Direct Naming: FLOKI · Its name directly comes from Musk's 2021 adopted Shiba Inu, "Floki." A single tweet mentioning his new pet once caused FLOKI's price to surge over 300 times in a short period. · 3. Community-Driven Variants: PU PPI ES and Its Ecosystem · This is the most aligned with the "Musk Concept #puppies " series. The original PUP PIE S coin was born from Musk's tweet, but its distinguishing feature is that the project team abandoned ownership and holdings early on, with the entire project driven entirely by community governance. #加密市场观察 #MemeWatch2024 #meme板块关注热点
Little puppy puppies, Ethereum, Ca: 0xcf91b70017eabde82c9671e30e5502d312ea6eb2 puppies community 24-hour live broadcast room: @金先生聊MEME (14:00-00:00) @小奶狗清瑜68868 four-leaf clover 68868 @神秘博士 (00:00-14:00) @MrStar (around 03:00) international community Click the golden text, then click the avatar (the avatar moves when it's live) Welcome to join Musk's third dog little puppy community Avatar change process: Click my homepage upper left corner avatar, long press to save the image Purchase tutorial: See the video below 👇👇👇 #Federal Reserve interest rate cut expectations rise #Is the altcoin season coming? #MEME coin carnival #Is the SOL ecosystem season coming? #Musk's little puppy
The launch of CARF is a milestone in global cryptocurrency regulation. It is not intended to create new taxes, but to ensure that existing tax rules are equally effective in the crypto world. Actively understanding and preparing is the best way to respond to this new normal. Formalization is not far off! Here is the most active community in Binance Square, focused on the development of Ethereum chain memes! $BTC $ETH $BNB #美国核心CPI低于预期 #Strategy增持比特币 #美国民主党BlueVault #加密市场观察 #Megadrop
The U.S. Senate rejected a bill to limit the president's war powers, while the USS Lincoln aircraft carrier sailed toward the Persian Gulf, indicating a further concentration of executive power in foreign and military affairs. The president can now more autonomously use force to safeguard strategic interests in the Middle East and deter Iran and its allied forces.
On the other hand, the originally scheduled review of the Cryptocurrency Market Structure Act was postponed due to opposition from crypto companies like Coinbase. This reflects the pronounced political polarization and the significant influence of interest groups within the U.S., leaving cryptocurrency regulation stuck in a deadlock, with the industry continuing to develop amid uncertainty.
These two events together illustrate the current characteristics of American politics:
1. A strong and independent posture abroad, with military deployments largely不受 congressional constraints; 2. Domestic policy gridlock, where key economic legislation is hindered by lobbying and partisan divisions; 3. The influence of the election year, leading to more decisive foreign policy and more cautious domestic action, as all sides are reluctant to make concessions on contentious issues.
In the future, an escalation in Middle Eastern tensions could heighten regional instability, while domestic issues such as cryptocurrency regulation are likely to remain unresolved until after the election. Under the current dynamic of 'showing strength externally and engaging in internal power struggles,' U.S. policies will continue to exert significant influence globally.$BTC $ETH $BNB #Strategy增持比特币 #加密市场观察 #Megadrop #MemeWatch2024 #memecoin🚀🚀🚀
· Now: Blob, introduced in the Dencun upgrade, provides low-cost data availability for Rollups, but practical network behavior requires continuous optimization. · Near-term: Middleware like Boundless enables Rollups to achieve ZK-level security at lower costs and faster speeds, significantly enhancing user experience at the application layer. · Long-term: Through fundamental protocol upgrades such as native L1 integration of zkEVM proofs, Ethereum will evolve into a super settlement layer natively supporting and efficiently verifying various ZK proofs, fundamentally resolving the tension between scalability and security.
Conclusion: Ethereum's scalability and security upgrades constitute a multi-threaded systemic engineering effort. It involves continuous monitoring and optimization of existing modules (e.g., Blob), equipping Rollups with a more powerful 'arsenal' (e.g., ZK verification layers), and ultimately initiating a 'genetic overhaul' of L1 itself, laying a solid foundation for the ecosystem's next decade. This path embodies the combination of pragmatic progress and grand ambition. $ETH $ZK #美国核心CPI低于预期 #Strategy增持比特币 #加密市场观察 #Megadrop #Web3
1. Long-term Vision: L1-native ZKization Tomasz K. Stańczak's roadmap for integrating zkEVM proofs into Ethereum L1 represents a highly visionary fundamental upgrade. The goal is not to replace Rollups, but to make Ethereum's mainnet itself the "best coordination layer" and "ultimate verifier" for all Rollups (especially zkRollups). This means: · Unified security: L1 can natively verify zk proofs, aligning Rollup security completely with the mainnet, eliminating the need for additional trust assumptions. · Ultimate scalability: By verifying a single proof, an enormous number of transactions can be confirmed, significantly increasing the block Gas limit and opening the throughput ceiling for both L1 and Rollups. · Simplified stack: Rollup designs can become more streamlined, as they can directly rely on L1's verification capabilities. 2. Current Challenges: The Trade-off Between Data Availability and Network Behavior ethPandaOps' analysis reveals a key non-technical bottleneck in current scaling practices: proposers' MEV gaming behavior. Blob scaling is effective, but proposers delay block publication to maximize profits, eroding the overall efficiency of the validator network (voting rate drops). This highlights that scaling is not just a technical issue, but an ongoing optimization process between economic incentives and protocol rules, providing crucial input for future protocol designs (e.g., ePBS). 3. Mid-term Bridge: A Better Rollup Execution Layer Projects like Boundless represent rapid iteration in Rollup infrastructure. They enable existing OP Rollups to upgrade to the ZK security model at low cost, reducing finality from days to hours or even minutes. This demonstrates: · Rapid maturation and cost reduction of ZK technology: Verification costs have dropped to extremely low levels, making large-scale deployment economically viable. · Clear market demand: Rollup project teams and users have clear and urgent demand for faster finality and stronger security. $ZK #加密市场观察 #meme板块关注热点 #puppies这个具备百倍千倍的潜质,马斯克i
In the crypto market's meme sector, pet-themed projects keep emerging frequently. The underlying logic essentially combines low cognitive barriers with high emotional resonance. Pet imagery possesses innate cross-border appeal—animals like dogs, cats, and frogs have universal 'cute' traits across cultures, quickly breaking down barriers between communities and forming memorable symbols. In an information-overloaded crypto world, such simple and direct visual symbols spread easily, laying an emotional foundation for community building.
Herding psychology plays a central catalytic role in this process:
1. Social认同-driven: When early participants profit from pet memes or form strong community bonds, onlookers join to avoid 'fear of missing out' (FOMO), imitating group behavior to gain a sense of belonging. 2. Narrative self-reinforcement: Pet stories (e.g., 'Dog Saves Master $SHIB ', 'Frog Expedition $PEPE ') are continuously refined and spread by the community, forming a collective narrative that attracts more participants and reinforces belief in their value—even in the absence of practical utility. 3. Emotional contagion effect: The positive emotions (humor, warmth) evoked by pets reduce rational caution, making investment decisions more influenced by community sentiment than fundamentals, accelerating linear growth.
In summary, the surge of pet memes results from the resonance between symbolic transmission efficiency and positive feedback from group psychology. It reflects the current state of the crypto market driven by emotion and narrative, and also indirectly highlights the importance of 'human-centered entry points' in decentralized finance—amidst technological complexity, people are more inclined to embrace symbols that require no understanding of code, only emotional resonance. $ZEN #美国核心CPI低于预期 #Strategy增持比特币 #美国民主党BlueVault #加密市场观察 #Megadrop
Today, the U.S. Senate Banking Committee reviewed the Digital Asset Market Structure Act (CLARITY Act), aiming to establish a clear regulatory framework for the crypto market, with its core focus on clarifying the division of regulatory authority over digital assets.
📜 Core: Clear Accountability
The bill's key objective is to end the jurisdictional disputes between the SEC and CFTC. It proposes to explicitly define decentralized assets such as Bitcoin and Ethereum as "digital commodities," primarily regulated by the CFTC, while security tokens remain under SEC jurisdiction. This move aims to integrate crypto activities into the traditional financial regulatory system, providing clear rules for exchanges, DeFi, and related sectors.
⚖️ Key Controversies
Several major issues remain before the bill can pass:
1. Stablecoin Yields: The banking industry advocates banning interest payments on stablecoins to prevent deposit outflows. 2. DeFi Liability: A fundamental debate exists over whether developers should be held responsible for third-party use of their code. 3. Political Provisions: Whether to include "ethics clauses" to prevent conflicts of interest among senior officials has become a focal point in bipartisan negotiations.
📈 Market Impact: Long-term positive, but gradual
If passed, the impact will be profound but not immediate:
· Institutional Entry Facilitated: A clear regulatory framework is essential for attracting large-scale traditional institutional investment. · Core Asset Recognition: Bitcoin's "commodity" status will be strengthened; Ethereum's commodity nature and staking activities may receive clearer compliance and tax treatment, directly benefiting its ecosystem. · Short-term Realism: The market may already have priced in expectations; the bill still faces complex procedures in the House and presidential approval, making the 2026 implementation timeline uncertain.
Consensus has been forged, waiting only for the east wind. Don't miss the土dog, don't miss the golden dog! This is the most active community on Binance Square, focused on building Ethereum-based memes! $BTC $ETH $BNB #Strategy增持比特币 #美国民主党BlueVault #加密市场观察 #美国CPI数据即将公布 #币安钱包TGE
After two years of accumulation, the project has continued to develop steadily, with growing community consensus—this is the true long-term, resilient MEME leader, unlike fleeting short-term hype. It can be compared to the earlier $DOGE $SHIB $PEPE ! This is the most active community on Binance Square, continuously focused on building memes on the Ethereum chain! Come and join the conversation #Strategy增持比特币 #加密市场观察 #MemeWatch2024 #meme板块关注热点 #puppies
【2026.1.15: A Coordinate on the Historical Timeline of Cryptocurrency】
Today may be an ordinary day in the history of cryptocurrency, yet one destined to be repeatedly referenced.
1. The Gear of Policy: The End of an Ambiguous Era? Today, the U.S. Senate Banking Committee formally reviewed the Digital Asset Market Structure Act. The core objective is simple: to bring an end to the decade-long game of 'guessing regulations'—clearly assigning SEC jurisdiction over securities and CFTC jurisdiction over commodities. Once passed, the legal recognition of Bitcoin and Ethereum as commodities will be secured, paving the final path for institutional large-scale entry. Despite ongoing debates over DeFi provisions, the mere existence of 'clear rules' is the greatest positive signal.
2. The Gear of Technology: Another Leap Toward Performance Limits While policy clarifies boundaries, technology is pushing beyond them. The Ethereum high-performance L2 project Mega$ETH has today open-sourced its core 'stateless validator.' It enables block validation using consumer-grade hardware, combined with its novel SALT data structure and MegaEVM, aiming for a staggering throughput of 100,000 TPS. This is not just a technical release—it's a 'declaration of开工' signaling the dawn of a new era for high-performance L2s.
3. The Gear of Applications: From 'Social Toys' Back to 'Financial Tools' As technology seeks its application, leading platforms are also recalibrating their direction. Coinbase's Base App has announced a full shift from social-first to trade-and-finance-first. It will integrate stocks, RWA, and other diverse assets, transforming social features (such as copy trading) into auxiliary tools for financial activities. This signals that the next wave of mainstream narratives is returning from 'fun social experiments' to 'practical financial efficiency.'
4. The Gear of Infrastructure: Silent but Solid Updates Also today, the mainstream Ethereum client Erigon released version v3.3.3, quietly optimizing node synchronization and stability. These seemingly mundane upgrades are the bedrock ensuring the network's decentralization and robust operation.
Coincidence in history? Perhaps not. The convergence of these four events outlines a clear trajectory: regulation is establishing order, technology is pursuing perfection, applications are seeking real demand, and infrastructure is solidifying the foundation. They are no longer operating in isolation but, at the same moment, collectively pointing toward a more mature, larger, and more complex new era of cryptocurrency.$DASH $ZEN #加密市场观察 #Megadrop
1, Avoiding pitfalls is more important than making money 2, Don't touch any investment that will keep you up at night, no matter how good it seems 3, The core of investing is avoiding foolish mistakes 4, Patience is not a talent, but more important than talent! This is the purest meme community on Binance Square, focused on building Ethereum chain memes. Let's talk about the pitfalls we've encountered before! $ETH $PEPE $ICP #Strategy增持比特币 #美国民主党BlueVault #美国CPI数据即将公布 #美国非农数据低于预期 #加密市场观察
🔥 CZ Insights: The Ultimate Rule for 100x MEME In CZ's live stream sharing, we deeply understand that truly enduring MEME through bull and bear markets is never a random 'three-no' dog coin, but rather the crystallization of time and ironclad consensus.
Why are only $DOGE , $SHIB , $PEPE repeatedly mentioned in the industry? ✅ Top-tier influence (e.g., public support from Elon Musk) ✅ Cycle resilience (belief remains unshaken through bear markets) ✅ Self-governed community strength (continuous development, endless vitality)
These three aspects are precisely the core values 【Elon Musk Little 🔥 Milk Dog Dog】 has been building long-term! After two years of accumulation, the project has steadily progressed, and community consensus has continuously grown—unlike fleeting short-term hype, this is the true leader with lasting vitality.
🚀 The Year of the Horse 2026 is approaching. Merging the 'Elon Musk' effect, classic dog culture, two years of solid foundation, and Binance live stream community activity with thousands of participants—will you wait until takeoff to chase? This is not just an investment, but also an early participation in a piece of crypto history.
Charlie Munger: Patience is the foundation of wealth 1. Wealth philosophy, the core is only patience 2. The restless lose, the calm win 3. Slow accumulation builds great trends, quick actions lead to loss of focus 4. The best investment is to bet on patience 5. The world deceives, but time does not $ETH $BNB $BTC #Strategy增持比特币 #美国民主党BlueVault #美国CPI数据即将公布 #美国非农数据低于预期 #加密市场观察
MegaETH Stateless Validator MegaETH is an EVM-compatible L2 aiming for 100,000 TPS. It has open-sourced its stateless validator, a lightweight client that can validate blocks using witness data without storing the full blockchain history. Stateless validators run on minimal consumer hardware, requiring negligible local storage, and are used to validate the MegaETH sequencer. MegaETH also leverages SALT, a new data structure replacing the Merkle Patricia Trie, eliminating major EVM performance bottlenecks while maintaining execution compatibility. MegaEVM is MegaETH's high-performance EVM-compatible virtual machine, featuring higher gas limits through a multidimensional resource model. In summary, these open-source components aim to provide faster and more scalable Ethereum-compatible infrastructure.
Core applications focus on trading Coinbase's online social app and wallet, Base App, are shifting focus toward a trading-first, finance-oriented experience. Base contributor Jesse Pollak noted that users are seeking higher-quality and more diverse assets beyond social tokens, including stocks, predictions, protocols, applications, memes, and real-world assets. He added that social features such as copy trading, feedback trading, and leaderboards will be built on top of financial tools rather than dominating the user experience. Base currently combines non-custodial wallets with secure XMTP messaging and on-chain discovery feeds powered by the Farcaster social graph.
Digital Asset Market Structure Act The crypto advocacy nonprofit Coin Center expressed support for the current draft of the Digital Asset Market Structure Act, which aims to establish a regulatory framework for digital assets. Coin Center supports the legislation primarily because it includes the Blockchain Regulatory Certainty Act (BRCA), which protects non-custodial software developers from being classified as unlicensed money transmitters. Coin Center also stated that the bill appropriately limits SEC, CFTC, and Treasury oversight of genuinely decentralized protocol developers. However, Coinbase CEO Brian Armstrong has withdrawn his support due to concerns over DeFi regulations, restrictions on stablecoin rewards, and a ban on tokenized stocks.
January 15th is a very important day for the crypto world in 2026. I call it a watershed moment in the crypto market, because a major event will take place: the U.S. Senate Banking Committee will formally review and vote on the Digital Financial Innovation and Technology Act on January 15th. This marks the transition of crypto market regulation from ambiguity to clarity. I believe this is highly likely to pass. This legislation first establishes a crucial clarification: the Securities and Exchange Commission (SEC)'s jurisdiction over most digital assets will be removed, and the Commodity Futures Trading Commission (CFTC) will become the primary regulatory body. In other words, digital currencies will officially be classified as commodities. As for Bitcoin, it will undergo an upgrade. This event will have a profound impact on Bitcoin, pushing it from a digital gold to a globally recognized sovereign-level asset, with its strategic status formally acknowledged by the U.S. government. Corporate holdings will become legal, and with new accounting standards, companies can value Bitcoin at fair market value without requiring impairment provisions. This could trigger major corporations like Apple and Microsoft to allocate Bitcoin as part of their cash reserves. Bitcoin may also become a key liquidity instrument, potentially serving as a foundational element of global liquidity in the future, acting as a digital counterpart to the U.S. dollar system in a de-dollarization context. As for Ethereum, it also stands to benefit significantly, with three major value drivers set to be unlocked.