Chaos Unleashed: A Different Kind of MEME, Same Abstraction
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Chaos Unleashed: A Different Kind of MEME, Same Abstraction
SPX, Joe and other MEME coins surge with explosive gains—has the "abstract art craze" returned?
Navigating Web3 tides with focused insightsAuthors: Joyce, Luccy, BlockBeats
With the positive news around Bitcoin ETFs and rising BTC prices, the long-dormant market has come back to life. In a short time, concepts related to Bitcoin and its ecosystem—such as BRC100, STX, and $ibtc—have all surged. However, what many didn't expect was that the "abstract meme coins," which had a brief moment of fame months ago, would also enjoy a second wave of popularity.
In this latest meme surge led by HarryPotterObamaSonic10Inu (BITCOIn), "abstraction" has become the key theme. From a beach volleyball girl claiming she’ll outperform the S&P500 to Joe, who looks strikingly like an M&M, the styles are maximally abstract. The crypto market is once again experiencing a new wave of "abstract mania."
SPX6900: The "Four No's" Cute Girl’s Dream to Surpass the S&P500
Seeing SPX6900 immediately brings to mind the S&P 500 index. Indeed, SPX6900's slogan is to disrupt the S&P 500, and over the past month, SPX has surged nearly 400%.
Holders of SPX spontaneously create images or videos of SPX6900. Amid glitchy anime-style visuals and continuously rolling "+6900" symbols, a narrative begins to form: a cute girl saving the crypto world.
Like any other meme coin, visiting the SPX official website delivers an immediate sense of surreal unease—high-frequency flashing videos and poorly made graphics centered on an anime girl named Marie, dressed in minimal clothing, reminiscent of the classic game *Dead or Alive Beach Volleyball*.
Clicking on Marie allows users to connect their wallet, navigate to the Uniswap trading interface, enter the classic meme coin Bitcoin page, or chat with her directly.
Typing “how to make money,” Marie enthusiastically promotes SPX. From her pitch, you can grasp the essence of SPX: dreaming while doing charity. It sounds absurd, yet there’s logic: dream early (buy early), and you’ll be nourished by the goodwill of those who come after. As for deeper meaning—well, you’ll find out when the dream ends. Maybe it really could surpass the S&P500.
The most serious information you'll find is in the disclaimer, which states: “Before interacting with SPX in any form, it is critical to carefully read and understand the following points”:
No Development: The SPX6900 community did not develop or deploy smart contract code, nor were they involved in the creation of the SPX project.
No Financial: We are not selling, nor offering to sell, any financial instruments, products, or assets, including but not limited to SPX tokens. SPX is not a security, commodity, or any type of financial instrument, and is not registered under the securities laws of any jurisdiction.
No Value: SPX tokens are fundamentally valueless digital assets residing on the Ethereum blockchain. They are backed by no commodity, security, or currency, and have no intrinsic value. Their value (or lack thereof) is purely speculative and subject to market risks, including complete loss of value.
No Rights: Holding SPX tokens or interacting with them grants you no express or implied rights to compensation, reimbursement, governance, or control within the SPX community or project. Tokens confer no ownership, profit-sharing, voting rights, or any other rights typically associated with financial assets.
Can’t find a narrative? That’s fine—openly dreaming is itself a kind of narrative.
Joe: The Lively “M&M”
My first impression of joe was simply that it looked like an M&M. But then it blew up as a meme coin.
Joe’s official site presents itself through a long vertical image featuring a staircase pattern. When you scroll to the very bottom, vibrant colors and text spilling beyond page margins give the impression that a “404” error might pop up at any moment—perhaps a must-see for dreamcore enthusiasts. Of course, I didn’t start from the bottom because of the warning at the top saying “don’t scroll or you’ll have bad luck for 100 years,” but rather because stairs naturally suggest a developmental journey—and I was curious about how joe got to where it is today.
Much like tourist attractions that display multilingual welcome signs, as you scroll upward along the staircase, the languages used in the site’s text grow increasingly diverse—from English to Chinese, Japanese, and even Arabic. While there’s no actual explanation of joe’s growth story, you do get a real sense of its “internationalization.”
The “dayday poetry collection,” started in 2016, features blue text on a white background with completely nonsensical sentences. At first glance, it feels like a botched machine translation. But perhaps just as I can’t grasp the poem’s deeper meaning, I also can’t understand why joe went viral.
Although joe has its own Telegram channel, it’s inactive—only one security verification message is posted. On Twitter, only various memes are shared to maintain its eerie persona. According to CoinGecko data, $JOE’s price has been steadily rising over the past month.
OKX partner @famous_analyst said, “Never underestimate the yellow $JOE,” hinting that $JOE could be the next $PEPE. Upon closer inspection, both joe and pepe share similarly protruding frog eyes and eerily curved smiles. Netizens even enjoy photoshopping these avatars into humanoid bodies. No wonder, as @cryptowhail, the builder of Unibot X, calls them two of the “Four Horsemen of Memecoins.”
@famous_analyst predicts that in a few months, we’ll see “educational” tweets saying “these wallets made millions early with $JOE.” The joe fan community expresses bullish sentiment through various joe memes.
Some more level-headed netizens comment “joe remains unmoved,” pairing the phrase with a meme of joe giving a dismissive glare. Whether joe truly “remains unmoved” I can’t say—but I personally remain unimpressed. After all, if faced with such abstraction, why not just go for the real M&Ms?
Of course, being so tacky it becomes trendy—sometimes closing your eyes and rushing in isn’t necessarily wrong.
A Carnival of Chaos: Different Memes, Same Abstraction
Besides SPX6900 and JOE, other recently noticed meme coins include the stitched-together abstract token BITCOIn and Haycoin, originally a Uniswap test token.
Full name HarryPotterObamaSonic10Inu, BITCOIn fuses Harry Potter, Obama, and Sonic. Cole Kennedy, founder of Pudgy Penguins (@ColeThereum), once purchased one. In June, BITCOIn gained attention for surging 35x, and in the recent market rally, it has again shown strong upward momentum.
Further reading: HarryPotterObamaSonic10Inu: The "Abstract Master" Reborn from BSC to ETH
Haycoin is a test token deployed by Uniswap founder Hayden Adams. Starting October 12, people began treating HayCoin as a meme coin and trading it. After noticing this trend, Hayden issued a statement on social media and burned approximately 99.99% of HayCoin’s supply. Despite this, HayCoin surged as much as 538%, briefly reaching a price of over $4 million per token.
Further reading: Uniswap Founder Burns His Own Meme Coin, But the 'HayCoin Frenzy' Continues
Beyond the “abstract leaders” like BITCOIn and Uniswap-founder-linked meme coins, tokens like $MOG and $BOBO—originating from Western “abstract culture”—are also heating up overseas. With Bitcoin’s momentum driving the market, is the era of abstract meme coins making a comeback?
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