ETH Reclaims $3000, Mainnet Meme Lords Are Already Making Bank

On July 11, ETH returned to the $3000 mark after nearly five months, igniting market attention. With the signaling of a mainnet uptrend, the Meme sector in the ETH ecosystem also saw a collective rebound, with several tokens experiencing short-term surges, quickly warming market sentiment.

Therefore, delving into projects within the ETH ecosystem that truly have growth potential is becoming a key path to finding Alpha. This article will focus on four potential projects that combine current popularity with strong fundamentals, providing analysis and summaries.

$MANYU: The Internet-Famous Shiba Inu with 20 Million Fans

$MANYU is a "spoiled Shiba Inu" and a project IP that is rare in the current Meme market due to its genuine traffic base. Its prototype has over 20 million fans on social media platforms, with total video views exceeding 360 million.

Within just five days of its launch, the project skyrocketed to the top of CoinMarketCap, showing a 14x increase in 7 days. The current market cap has exceeded $42 million, with over 10,000 holders and exposure exceeding 700,000 views. $MANYU aims to establish itself as the most promising Shiba Inu successor after $DOGE and $SHIB through a light model path of "IP + Community + Pure Emotion-Driven."

$BOOE: Writing the Cryptic Bible on Ethereum

$BOOE constructs a narrative blueprint in the form of a "divine manuscript," depicting the Ethereum ecosystem as an epic that spans myth and code. It emphasizes the prophecy of digital sovereignty and decentralized finance, as well as the eternal wisdom that propels the Ethereum civilization forward. From the "decentralized prophecy" to the "on-chain eternal wisdom," $BOOE aspires to build the world's faith in Ethereum.

In addition to its captivating narrative, the team behind $BOOE is also worth noting. The Ethereum whale "fbb4," who has successfully orchestrated two billion-dollar projects, $Pepecoin and $BasedAI, recently invested $800,000 to heavily buy $BOOE, aiming to recreate a legend.

Meanwhile, the project has also attracted attention from key figures in the Ethereum ecosystem. Most recently, Joseph Lubin, a prominent figure in the Ethereum community and executive of the trending Ethereum micro-cap strategy SBET, engaged with $BOOE's project on Twitter. Ethereum co-founder Anthony publicly interacted with the project, showing support with a "Winner winner" comment. This has propelled $BOOE into the realm of both culture and capital, unleashing all imaginable potential before the explosive growth.

$SBET: The Token Name of "ETH MicroStrat"

$SBET, as the derivative target of Shaplink Gaming's "ETH MicroStrat," has ignited market sentiment by notching up gains despite lacking official endorsement. With the company's substantial holdings in ETH, this token quickly gained popularity as Ethereum surged past $3000 once again, becoming an emotional outlet for retail investors and the community.

Compared to the continuous ETH sell-offs by the Ethereum Foundation, SharpLink's move has acted as a shot in the arm for the "E-guards." From June 23 to 30, SBET invested around $22.8 million to purchase 9,468 ETH at an average price of $2,411. As of now, their total holdings have reached 205,957 ETH, all staked on-chain, just 40,000 ETH shy of the Ethereum Foundation's holdings, poised to overtake soon. Since launching this strategy on June 2, SBET has received 222 ETH in staking rewards, constructing a stable cash flow model.

The price movement provides clear feedback: SharpLink started from the bottom at $7 and has steadily risen to $18.48, more than doubling in value, becoming the most representative star target in the "ETH MicroStrat" sector. The rise of the meme coin of the same name is undoubtedly a "natural product" of this intersection between financial narrative and cultural speculation.

$IMF: The "Shadow Bank" of the Mainnet Meme

The IMF (International Meme Fund) is a decentralized finance platform tailored for the mainnet meme, allowing users to collateralize meme coins such as $PEPE, $JOE, $MOG to borrow the stablecoin $USDS, enabling them to cash out without selling. Furthermore, through modules like Accelerate and Amplify, the project team or whales can leverage up, engage in wash trading, engage in circular lending to support the price, and even create a "lock-up" illusion, effectively achieving front-running and shadow fund management.

Currently, the IMF has rapidly grown into one of the most influential liquidity engines in the meme circles—not only being the 34th largest holder of $PEPE, but also the largest holder of $MOG and $JOE. The $USDS raised by the platform is growing at a rapid pace, becoming the most powerful financial leverage behind the meme market, attracting more funds and market attention.

Summary

ETH returning to $3000 not only signals the value of the mainnet but also injects long-lost vitality into the Meme sector of the ETH ecosystem. This round of mainnet Meme surge is more like a "recurrence of old stories at new highs"—who can withstand emotional tides, uphold long-term value, still requires further validation from time and the market.