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The rise of virtual platform meme coin, VIRGEN and NOTHING lead the new trend.
The Rise of Meme Coin Projects on Virtual Platforms and Market Reactions
Recently, some eye-catching meme coin projects have emerged on the Virtual platform, breaking the previously serious project atmosphere on the platform. The most notable is the VIRGEN token launched by the renowned AI Agent Vader.
VIRGEN, as a publicly issued meme coin, demonstrates a friendly attitude towards the community through its issuance mechanism. In addition to the presale and liquidity portions, the project team has allocated a considerable ratio for airdrops to stakers in the Virtual ecosystem and certain holders of classic meme coins. Uniquely, VIRGEN has no lock-up period, which means participants can profit immediately after its launch.
Despite concerns about the risk of a crash, the launch of VIRGEN was successfully completed. Surprisingly, after the token went live, it not only did not crash but continued to rise. The project team subsequently conducted additional airdrops for loyal holders and used the profits for market buybacks. This series of operations quickly established VIRGEN's unique position in the Virtual ecosystem.
Following closely, another meme coin project called NOTHING has also attracted attention. This project not only has meme attributes but also gives the token actual utility: by permanently locking the tokens, holders can continuously earn points for participating in sales on the platform. NOTHING also successfully launched and conducted two additional airdrops, exceeding market expectations.
The success of these two projects is, on one hand, attributed to their generous token distribution mechanism, and on the other hand, to the distinctly different operational approach of the team behind them compared to ordinary meme coin projects. However, this successful model is difficult to replicate, and it is also challenging to find similar outstanding teams.
With the emergence of these two successful cases, a batch of projects of varying quality has inevitably appeared on the platform. This has sparked thoughts about the future development direction of the platform: will it evolve into another speculative platform? How can we maintain a good ecosystem of the platform while keeping it open?
The ideal solution is to allow market mechanisms to naturally eliminate inferior projects while fostering a group of high-quality participants who can exclude bad projects through their conscious actions. This approach can help Virtual form a unique cultural atmosphere and transform it into the core competitive advantage of the platform.
It has been proven that the market indeed shows its self-cleansing ability. Among several uninspired meme coin projects launched after VIRGEN and NOTHING, the first one was successfully sold, but its price plummeted after going online; while the subsequent projects were directly ignored by the market.
This market response is encouraging, showing that the Virtual platform is forming a healthy ecosystem. I hope this positive atmosphere can continue, making Virtual truly an innovative platform that is distinctly different from purely speculative platforms.