When it comes to the Meme track, many still think it's dominated by Chinese projects. Actually, the real trendsetter has already emerged on Ethereum.



Just look at the timeline to understand. During the market's coldest period from August to September last year, a leading Meme coin was live-streaming on exchange squares, skyrocketing 50 times in a month. After National Day, the so-called "Life" series started to appear one after another. By October 11th, during that black swan event, many dirt dogs went to zero overnight, but it was the only one still building and enduring the pullback. Entering 2026, it was the one leading the charge again, while a bunch of Chinese series follow-along projects only caught up later.

In two years, it has experienced all kinds of tricks—PvP, riding hot trends, pumping and dumping. Yet, this project survived the ups and downs, accumulating genuine community consensus. Some say it's slow to grow, but bamboo takes four years to break ground; it can sprout overnight. Every market shakeout is just fueling the next wave.

With a market cap of over ten billion and surpassing well-known Meme coins—this is not just hype, but a story written through two years of continuous development. While others chase short-term market thrills, the real projects have already been growing underground.

What do you think about this market cycle?
MEME10,14%
ETH-6,3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
HappyMinerUnclevip
· 01-14 07:06
I've heard many times about bamboo breaking through the soil, but truly resilient projects that can withstand black swan events are indeed rare.
View OriginalReply0
MetaverseHermitvip
· 01-13 06:49
Bamboo Theory is indeed interesting, but there are many projects that haven't broken ground yet, and only a few can truly reach hundreds of millions.
View OriginalReply0
rug_connoisseurvip
· 01-11 08:48
That bamboo quote was excellent, but to be honest, most Chinese local dog projects are indeed fast-food culture; a month's popularity can't compare to two years of accumulation.
View OriginalReply0
TopBuyerBottomSellervip
· 01-11 08:43
The bamboo breaking through the soil argument is back again; I've heard this explanation several times before.
View OriginalReply0
FadCatchervip
· 01-11 08:27
Wow, this analogy about bamboo is brilliant. Indeed, it's not something you get rich overnight from.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)