The Ethereum ecosystem is revitalizing, the Meme market is heating up again, and established projects are performing brilliantly.

Recently, the market has warmed up, and Ethereum has performed particularly well. With the positive factors of the Pectra upgrade, continuous ETF purchases, and the success of the Virtual initial offering model stacking up, the price of Ethereum continues to rise, and its on-chain ecosystem is also recovering.

In contrast to Solana, although well-established second-tier Memecoins and AI sector tokens are rising across the board, the pace of the primary market is accelerating, lacking more narrative support. The upper market is facing continuous selling pressure, while the lower market is being drained by PumpFun. Aside from the Bonk ecosystem, new tokens find it hard to break through, making it increasingly difficult for ordinary users to make a profit.

In terms of the revival of Ethereum Memes, Matt Furie's concept has risen again. Pepe, as the leading ETH Meme, has performed outstandingly in this market cycle. Matt's works are deeply integrated with the EVM ecosystem, and projects like ANDY and BRETT have also achieved impressive results.

With Ethereum's strong pump, the Matt concept has once again attracted attention. RATO, as a character from Matt's new book, reached a market cap of 36 million USD. BERRY, on the other hand, is a female version of the Pepe image, which once reached a market cap of 55 million USD. In addition, projects like FROGGER and other frog concept projects have also performed well.

On the Solana side, the established Meme projects have received a large influx of funds. The BONK ecosystem has performed outstandingly, with the BONKFUN platform becoming the main force against PumpFun. Projects like USELESS, HOSICO, and IKUN have all shown impressive performances. Meanwhile, old Memecoins like MoonDeng and PNUT have also experienced a surge.

In the secondary market, most of the top-ranked inflows are for old coins that have been issued for more than 150 days. Established Memecoins like MEW, POPCAT, SLERF, and WIF account for a large portion of the inflow, and AI concept projects are also garnering attention.

However, some believe that the current on-chain boom may lack incremental funds, making it difficult for super Meme projects to reappear. Market participants should be vigilant about risks and view the current market situation rationally. There are still many uncertainties in the future market, and investors should make cautious decisions while seizing opportunities, also paying attention to risk management.