The Trump shooting incident in the election caused a rebound in the cryptocurrency market, and dozens of memes emerged. FIGHT and EAR quickly became the new round of hundred-fold coins. However, not everyone was able to take advantage of the first wave of meme gains. If you are not willing to wait for the next explosion, you need to act quickly. Ethereum and Solana are recognized as the most profitable chains for meme trading, but which one should you choose?
In recent months, event-based memes, celebrity coins, and PolitiFi have been the main categories of memes. Among them, three memes, GME, JENNER, and FIGHT, are representative targets on both Solana and Ethereum.
BlockBeat has selected the best-performing meme coins from Solana and Ethereum, and conducted a comparative analysis based on coin release efficiency, liquidity, and duration.
Efficiency refers to the speed at which memes are released on Solana and Ethereum after relevant events occur. Due to the intense PvP phenomenon in the meme market, whoever releases the coin first is more likely to gather funds. The earlier buyers enter, the easier it is to profit.
On May 13th, GameStop’s stock skyrocketed, and GME became the hottest meme target at the time. The original GME token was deployed on Solana, and a new GME was deployed on Solana around 6 pm on the 13th. The first GME on Ethereum was released around 12:30 pm on the same day.
When it comes to releasing a new concept, Solana has become the fastest chain to release memes due to the reduced threshold on platforms like Pump.fun.
On May 27th, Caitlyn Jenner, the transgender woman and father of the Kardashian family, released the meme coin JENNER on Solana. The same meme appeared on Ethereum three days later.
On July 14th, Trump was shot in the ear during a campaign rally, and in the process, he raised his right fist and shouted “Fight”. After the news was released, 24 FIGHT coins appeared on Solana within 15 minutes, with the best-performing FIGHT released around 6:50 am on the 14th. The FIGHT on Ethereum appeared 2 hours later.
Liquidity is an indicator that reflects the basic information of an asset, including its growth potential and the ease of buying and selling. Assets with high liquidity indicate that they have a market value and investors can trade them flexibly. On the other hand, assets with low liquidity are harder to sell in the market.
The liquidity of GME on Solana and Ethereum is not high, but the liquidity of GME on Ethereum is about 80 times higher than that on Solana. The trading volume of GME on Ethereum is still $250,000, while the trading volume of GME on Solana is only $690.
The liquidity of JENNER on Ethereum is slightly better than that on Solana, with a trading volume of $293,000, which is six times larger. The market value of JENNER on Ethereum is $2 million, while on Solana it is only $709,000, about one-third of Ethereum’s.
FIGHT is the hottest Trump concept meme in recent days. The FIGHT on Solana had three upward trends, with the highest gain of over 600 times. However, the liquidity has gradually shifted to Ethereum, with twice the liquidity of Solana. The market value of FIGHT on Solana is lower, but the demand is higher, while on Ethereum, the supply and demand are nearly balanced.
GME, JENNER, and FIGHT have different performances. GME has gradually gained consensus in the Solana ecosystem, while GME on Ethereum is favored by more traders due to the Ethereum ecosystem and its low market value. JENNER on Solana had a significant decline after three days, while JENNER on Ethereum reached a regional high point and maintained a stable price for weeks. FIGHT on Solana had three upward trends, while FIGHT on Ethereum has been continuously rising.
With the increasing number of same-name tokens in the meme market, it has become difficult to determine which meme to invest in. The ability for anyone to create tokens has led to consensus fragmentation and quick profit-taking. This phenomenon is more evident on Solana, despite its advantage in coin release speed. Ethereum’s meme performance is relatively stable.
In conclusion, the Trump shooting incident has reignited the meme frenzy in the market. Although most of the hundred-fold “gold dog” memes are born on Solana, if you enter the market late and are unwilling to engage in PvP on Solana, you can still be patient with Ethereum and potentially earn the same hundred-fold return.