SPX, Joe and other MEME coins have doubled wildly, is the "abstract art craze" back?

With the good news of Bitcoin ETF and the rising trend of BTC, the long-depressed market has become active again. In a short period of time, concepts related to Bitcoin and its ecology, such as BRC100, STX, and $ibtc, have taken off. However, what many people did not expect is that the "abstract meme coin" that was popular a few months ago has also ushered in a second spring.

In this meme trend led by HarryPotterObamaSonic10Inu (BITCOIn), "abstract" has become the keyword. From the beach volleyball girl who threatened to surpass the S&P500 to Joe who looks like MM, the style is extremely abstract. The crypto market has once again ushered in a new round of "abstract craze".

SPX6900: The dream of a cute girl who has nothing but four things surpasses S&P500

When you see SPX6900, you will think of S&P 500 (Standard & Poor's 500 Index). Yes, the slogan of SPX6900 is to subvert S&P 500. In the past month, SPX has risen by nearly 400%.

People who hold SPX will spontaneously create pictures or videos of SPX6900. From the slightly over-the-top anime girl modeling and the continuously scrolling +6900 symbol, one can probably piece together a narrative: a cute girl saves the cryptocurrency world.

Like all local dog coins, opening the SPX official website is a strange feeling that rushes up. High-frequency flashing videos and crudely made pictures revolve around a cartoon girl Marie who wears very little clothes, which reminds people of the classic game beach volleyball.

Click on Marie, and you can choose to link your wallet, be directed to the uniswap trading interface, enter the classic meme coin bitcoin interface, or have a conversation with her.

Enter "how to make money" and Marie will enthusiastically recommend SPX to you. From this recommendation, you can capture the true meaning of SPX, that is, dreaming and doing charity at the same time. It seems outrageous, but it actually makes sense: the earlier you dream (buy), the earlier you can be nourished by the kindness of those who come later. As for more meanings, you will know when you wake up from the dream. Maybe it can really surpass the S&P500.

You can find the most serious introduction in the disclaimer. The statement reads, "Before interacting with SPX in any form, it is important to carefully read and understand the following points":

No Development: The SPX6900 community has not developed or deployed smart contract code, nor has it participated in the creation of the SPX project.

No Financial: We have not sold, nor are we offering to sell, any financial instruments, products or assets, including but not limited to SPX Tokens. SPX is not a security, commodity or financial instrument of any kind and is not registered under the securities laws of any jurisdiction.

No Value: SPX Tokens are fundamentally valueless digital assets residing on the Ethereum blockchain. They are not backed by any commodity, security or currency and have no intrinsic value. Their value (or lack thereof) is purely speculative and subject to market risk, including complete loss of value.

No Rights: Holding or interacting with SPX Tokens does not grant you any express or implied rights to any form of compensation, reimbursement, governance or control within the SPX community or project. Tokens do not confer upon holders any ownership, profit sharing rights, voting rights or any other rights typically associated with financial assets.

Can’t find a narrative? It doesn’t matter, dreaming openly is also a narrative.

Joe: The vivid "MM Beans"

My first impression of joe was probably that it looked like MM beans, but it became popular as a meme coin.

The official page of joe uses a long picture with a staircase pattern to show itself. When you slip to the bottom of the stairs, the brilliant colors and the text beyond the page margins make you feel that you will get a "404" reminder in the next second. Maybe dreamcore lovers should not miss this place. Of course, I slid to the bottom at the beginning not because of the threat of "If you don't slip, you will be unlucky for 100 years" at the beginning of the webpage, but I naturally felt that the stairs should represent a development process, and I was very curious about how joe developed to this day.

Just like some well-known tourist attractions will erect an introduction board at the door and introduce themselves in multiple languages, as you climb up the stairs, the text introduction language of joe's official page gradually becomes more diverse, from the original English to Chinese, Japanese, and even Arabic. Although there is no content introducing how joe has grown and developed, it does make people feel that it is moving towards "internationalization."

The "Dayday Poetry Collection" I started writing in 2016, with a white background and blue text logo and completely incoherent sentences, subconsciously thought it was an unreliable web translation result. But maybe just like I can't understand the connotation of this poem, I can't understand why Joe is so popular.

Although joe has his own Telegram, it is not in operation and contains only one security verification message. There are only different types of memes on Twitter to maintain his weird image. According to coingecko data, the price of $JOE has been rising in the past month.

OKX partner @famous_analyst said, "Never ignore the yellow $JOE," and hinted that $JOE is the next $PEPE. After all, if you look closely, you will find that both joe and pepe have the same "bulging" goldfish eyes, and the curvature of their mouths when they smile is also very strange. Even netizens are keen to photoshop this avatar into a human body. They are worthy of being called two of the "Four Horsemen of Memecoins" by Unibot X builder @cryptowhail .

@famous_analyst predicted that in a few months, there would be a popular science tweet saying, "These wallets made millions of dollars with $JOE a long time ago." Community joe fans also used different joe emoticons to express their optimism about $JOE.

Some relatively calm netizens said "Joe is unmoved" and added an emoji with Joe's disdainful eyes. However, I don't know whether Joe is "unmoved", but I am indeed unmoved by this. After all, compared to such an abstract Joe, why don't I choose the more practical MM beans?

Of course, being extremely tacky is the trend, and it may not be wrong to just rush in with your eyes closed regardless of the principle.

Demons Dance: Different memes, same abstraction

In addition to SPX6900 and JOE, other meme coins that have attracted attention recently include the stitched abstract coin BITCOIn and Haycoin, which was once a uniswap test coin.

The full name of BITCOIn is HarryPotterObamaSonic10Inu, which is a combination of Harry Potter, Obama and Sony. @ColeThereum, the founder of Pudgy Penguins , once bought one. BITCOIn attracted attention in June this year due to its 35-fold surge. In the recent market, BITCOIn has also gone out of the upward line of pulling the market.

Related reading: " HarryPotterObamaSonic10Inu: The "Abstract Master" who reincarnated from BSC to ETH "

Haycoin is a test token deployed by Hayden Adams, the founder of Uniswap. Starting from October 12, some people gradually bought and sold HayCoin as a meme coin. After discovering this trend, Hayden made a statement on social media and destroyed about 99.99% of the supply of HayCoin. Subsequently, HayCoin's maximum increase reached 538%, and the price once exceeded 4 million US dollars per coin.

In addition to the "abstract leader" BITCOIn and the meme coin of the founder of Uniswap, meme coins such as $MOG and $BOBO, which originated from the "abstract culture" of Europe and the United States, are also becoming popular overseas again. Driven by the Bitcoin market, is the abstract meme craze coming back?