Meme Launchpad Market Landscape Changes: New Players Get on Board, Old Platforms Compete for Innovation

Since the beginning of July, the competitive landscape of the Meme launchpad market has changed significantly. A month has passed, and we have witnessed a certain platform completing one of the largest ICOs in cryptocurrency history, as well as another platform successfully suppressing the former's market share. Meanwhile, some new players have also joined this competition, and although the impact is limited in the short term, it is still worth our attention.

Let's start the analysis with a data chart from Jupiter. Although a certain platform has still maintained the top market share over the past 7 days, it is currently showing a completely different development direction compared to another major competitor's ecosystem hotspots.

Competitor A: Community coins perform remarkably well

After accepting a live interview on July 24, the platform and its founder entered a silence period lasting nearly half a month. At that time, many people thought it was a "public relations disaster," as the platform's token dropped nearly 15% during the live broadcast, with a single-day decline close to 20%, at one point falling below a market capitalization of 3 billion dollars.

However, since July 30, the reputation of the platform has improved significantly. The main reason is that the community coins within its ecosystem have performed well despite market instability. Several community coins have seen significant increases, with some even rising by 9 times, and their market capitalization exceeding 100 million dollars. These "new coins" have maintained a high level of content output and community activity even during the lowest point of the platform, aligning with the platform's expectations for the long-term sustainable development of Meme coins.

The platform recently announced token buyback data and once again promoted its high-quality Meme coin projects within its ecosystem. The Meme coins previously purchased by the founder have all turned profitable.

To revive the meme coin market, it is essential to first regain the confidence of players. Good narratives, content, community, and ongoing operations can ultimately help quality projects stand out. While continuous observation is still needed, it seems that this is a good start. The platform has various options in the future such as airdrops and live broadcasts. Given that major exchanges are no longer frequently listing Solana meme coins, it must explore more possibilities.

Competitor B: New coins are popular but major projects are in retracement

In the past 7 days, the platform's market share has remained above 50%, continuing to maintain its leading position. Recently popular new coins such as $Ani have emerged on the platform, following the successful path of competitor A.

However, the "big projects" on the platform have recently experienced a pullback. Several well-known tokens have fallen back from their highs, showing significant declines. Nevertheless, the platform has not stopped repurchasing and supporting ecological Meme coins. It can be said that both platforms are working hard in their own ways, and only when the overall confidence in the Meme coin market is restored can both parties achieve better development.

New Players Get On Board: Innovative Mode Attracts Attention

In addition to the two major competitors, some new launchpads have also emerged in the market.

The Bags platform has recently attracted attention due to its "donation narrative". The $CANCER token launched on it donates all trading fee income to breast cancer charity organizations, having donated $35,000 so far. Another notable token is $WINRAR, which directly allocates revenue to the official WinRAR account, drawing a response from the official team. However, the popularity of these projects has surged quickly, only to fall sharply now.

The Moonit platform has launched an AI protocol jointly created by several well-known institutions, which can automatically tokenize popular memes from the internet. This is equivalent to "automatically launching popular meme coins," mainly relying on collaboration with 9GAG. However, this model still faces many challenges, such as how to obtain sufficient liquidity and achieve sustainable community development.

Conclusion

The battle for the Meme launchpad will continue for the foreseeable future. Each platform faces the challenge of how to restore market confidence in Meme coins. In the context of major exchanges losing interest in Meme coins, improvements in on-chain infrastructure and liquidity are particularly important.

This competition is not only a contest between platforms but also a test facing the entire Meme coin market. The lessons from the inscription market should be heeded - despite the continuous improvement of technology, the enthusiasm may be hard to sustain. It is hoped that in the end, the entire Meme coin market can benefit, allowing all players who love Meme coins to reap rewards.