The battlefield for Meme coins is shifting.
Want to play Meme coins on Ethereum? Better get your wallet ready. Although the 2025 Pectra upgrade and spot ETFs have boosted the market’s confidence and established projects remain popular, the high Gas fees and fragmented L2 ecosystem act as barriers, keeping retail investors out. Long incubation periods and complex operations make the whole atmosphere feel “elite circle”—a breakout? Difficult.
Solana, on the other hand, is bustling. Low Gas and high TPS make it a playground for Meme coins. When BONK and PENGU’s market caps soared, on-chain trading frequency left traditional L1s in the dust. But the problems are obvious too—being labeled a “Meme chain” is a double-edged sword: the ecosystem is overly reliant on speculation, PVP competition is intense, and technical stability is still shaky with occasional outages.

The article explores the important role Solana plays in the process of Sinicization within the crypto space, especially the significance of its new Chinese name, “索拉拉.” This name not only reflects a sense of community belonging and cultural identity, but also highlights the influence of Chinese-speaking users in the global crypto ecosystem. As more foreign investors begin to learn Chinese, Solana’s Sinicization strategy demonstrates a focus on regional operations, signaling a shift in the power structure of the crypto world.

Recently, everyone in the circle is talking about the Meme coin PING on the x402 protocol, which is simply a copy of the crazy wave of BTC inscriptions from 2023. Is it really similar? In what ways? Will it replay the gameplay of the inscription market from back then?
My view: it's pretty close.
Let's first see why it looks so similar.
The core gameplay is actually on-chain data legitimacy + off-chain rules dictate.
Looking back on how inscriptions were played back then - you send transactions to the BTC mainnet, occupying specific UTXOs, but the mainnet itself doesn't care which transactions count. The Ordinals protocol is the referee that scans all transactions on the chain, according to "First is

Recently, there has been a surge of interest in the Chinese language within the crypto community, with Solana officially announcing its Chinese name "索拉拉", showcasing its focus on the Chinese market. With the rise of Chinese memes, global Degens are learning Chinese, promoting cultural diversity and integration. This signifies the increasing importance of regional operations in the crypto market, and mastering Chinese may provide new opportunities.

The U.S. government's Efficiency Department (DOGE) announced its dissolution after 294 days, reflecting the contradiction between Silicon Valley-style management and traditional Washington politics. Despite attracting attention through symbols and narratives, the department ultimately failed to achieve the expected savings and efficiency, leaving the lesson that innovation and traditional governance need to be combined to create real value.

The Meme ecosystem of Ethereum is constrained by high Gas fees and dominance of established players, while Solana, despite its advantages of low costs and high-frequency trading, suffers from poor technical stability. BSC has become a new battlefield for Memes due to low transaction fees, fast confirmations, and a large user base, attracting many players from emerging markets. Binance's support, ecosystem innovation, and compliance processes provide strong support for Meme projects, and the market is moving towards a more promising direction.

How much is a meme worth?
Where is the most absurd place in the crypto market? A meme might be worth more than a tech company.
No white paper? Not important. No technological innovation? Doesn't matter. No real application? Who cares. As long as there’s a catchy meme, it can leverage hundreds of millions of dollars in just a few days. That's the magic of Meme coins.
In October 2025, the BSC chain witnessed a textbook-level wealth creation frenzy. What was different this time was that it was not a grassroots spontaneous wild growth, but an active entry by top-level forces. From He Yi's Chinese blessing to CZ's intensive interactions, and then to the rapid launch of official platforms, the collision of cultural resonance and capital power produced an astonishing chemical reaction.
When the token "Binance Life" with a strong Chinese internet flavor emerged, and the on-chain trading volume skyrocketed to $6 billion in just a few days, and tens of thousands of new players flocked in, what we see is not just another...

I have been researching the new gameplay of the x402 track these days, and when I opened my eyes this morning to check the market - I was completely stunned.
No more talking, I've held it in for too long and must vent a few words.
Liquidity has long been drained.
To be honest, the market has already entered a bear market. After that wave from TRUMP, liquidity has basically hit the bottom, and those small rebounds afterwards? They are purely supported by emotions.
Looking at altcoins, they have been burdened with debt since the day of their TGE. In the past, there were loyal fans willing to hold long-term, and developers genuinely contributing. But now? Airdrop hunters are everywhere, VCs are eager to cash out and run, exchanges are frantically skimming profits, and project teams that have struggled for years also want to cash in — everyone wants to exit, but the question is, who will take over?
MEME can't save this situation either.
Many people see MEME coins as a lifeline, believing they can counter those overvalued VC coins. Indeed, its mission has been somewhat accomplished, providing retail investors with another path.
But the problem