The thriving Ethereum ecosystem: Matt Furie's concept reignites the Meme coin craze.

Recently, the Crypto Assets market has shown signs of recovery, with Ether performing particularly well. Thanks to factors such as technological upgrades, continuous ETF purchases, and a thriving on-chain ecosystem, the price of Ether continues to rise, which has also sparked a revival of Memecoins within its ecosystem.

Compared to Ethereum, the well-established secondary Memecoins and AI-related tokens in the Solana ecosystem have also generally experienced a pump, but the pace of the primary market has become increasingly rapid. Due to the lack of further narrative support, coupled with ongoing selling pressure in the upper market and continuous draining in the lower market, ordinary investors are finding fewer opportunities to profit within the ecosystem. Only the Bonk system continues to launch new projects, but it is difficult to hold the overall situation on its own.

In the Ethereum ecosystem, the concept represented by Matt Furie’s Pepe has risen again. As one of the most well-known memes, Pepe leads in market capitalization, capital inflow, and rise during this round of ETH Meme pump. Unlike other on-chain Shiba Inu concepts, frog memes seem to be particularly favored by EVM chains, especially Ethereum.

Recently, a batch of new Matt Furie-related projects has emerged, such as RATO and BERRY. In addition, there are some other token concepts related to frogs, such as FROGGER, which have also seen significant rises. There are views that if Ethereum really starts a new bull market, new leading projects may emerge from the Matt series characters.

In terms of the Solana ecosystem, although the primary market faces challenges, the well-established Meme coins in the secondary market have welcomed a significant inflow of funds. The counterattack of the BONK series is particularly noteworthy, with its BONKFUN platform becoming one of the most successful products against PumpFun. Recently, the incentive program launched by BONKFUN has shown significant results, creating a large number of new tokens in a short period and generating considerable fee income.

On the BONKFUN platform, some emerging tokens like USELESS, HOSICO, and IKUN have performed remarkably. At the same time, some established Meme coins like MoonDeng, PNUT, and TITCOIN have also shown a collective surge.

However, some analyses suggest that there is currently no incremental funding on-chain, and the appearance of prosperity may be a self-rescue by the market makers. With the streamlined production of Meme tokens, the emergence of large-cap Memecoins may become increasingly rare. In this market environment, investors need to be more cautious and timely grasp the changes in market sentiment.