After the pump frenzy surged 110%, leading Meme coins halved—Is ApeChain still worth期待?
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After the pump frenzy surged 110%, leading Meme coins halved—Is ApeChain still worth期待?
Who will be the next to pump after APE?
Navigating Web3 tides with focused insightsAuthor: flowie, ChainCatcher
Editor: Nianqing, ChainCatcher
Yesterday, Yuga Labs—the parent company of the long-dormant Bored Ape Yacht Club—unveiled a series of major initiatives.
Yuga Labs officially launched its Layer 2 blockchain, ApeChain. Shortly after, ApeChain's version of "pump.fun," the one-click token creation platform Ape Express, also went live.
To attract users to the ApeChain ecosystem, ApeChain introduced the Ape Portal cross-chain bridge and offered an auto-yield model for stablecoin holders on the chain. Stablecoins bridged to ApeChain are converted into DAI and deposited into sDAI, accruing yield based on MakerDAO’s savings rate.
In addition, ApeChain has entered a strategic partnership with Wire Network, a universal infrastructure designed for AI agent economies, aiming to pioneer new domains where AI agents can perform complex tasks on behalf of humans.
Following the launch of early meme coins like CURTIS and DOOKEY on ApeChain, strong FOMO quickly spread across the community.
ApeChain Ignites Meme Fever, APE Surges Over 110% in One Day
According to data from the ApeChain explorer, trading volume surpassed $1 million within just one hour of Ape Express going live, exceeding $25 million in cumulative volume within 12 hours.
CURTIS emerged as the first leading meme coin on ApeChain, reaching a market cap of over $10 million shortly after launch and breaking $30 million around 8 PM last night.
Shortly afterward, user Yunjin reported that an address which purchased $1,140 worth of CURTIS saw unrealized profits soar to $2.55 million by last night.
According to Lookonchain, a trader executed 18 meme coin trades on ApeChain over the past 30 hours, capturing CURTIS and achieving a 300x profit.
The meme frenzy on ApeChain also propelled the APE token price above $1.70 yesterday, marking a single-day gain exceeding 110%. At the time of writing, APE had pulled back to $1.47, still up over 63% in 24 hours. APE’s market cap also crossed $1 billion, hitting a three-month high.
Floor prices of NFT collections under Yuga Labs experienced a brief rebound. Collections including Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), and Otherside Koda saw floor price increases of over 10%-20% yesterday.
Top Meme Market Cap Plummets—Is ApeChain Still Worth Betting On?
The热度 on ApeChain appears to have faded faster than expected.
At the time of writing, the top meme coin on ApeChain, CURTIS, has sharply corrected, falling below $10 million in market cap to approximately $8 million—a decline of over 40% in the past six hours.
Cross-chain data further reveals a concerning trend. According to the Dune dashboard, incremental capital inflows ceased around 8 PM last night—precisely when CURTIS peaked at $30 million—and net outflows began immediately afterward.
Given ApeChain’s lackluster top-tier momentum, some crypto KOLs have expressed bearish sentiment about its future trajectory.
Crypto KOL @yuyue_chris noted that CURTIS failed to hold the critical $30 million market cap level. Moreover, many prominent BAYC influencers did not accumulate the top meme, instead launching their own tokens—dispersing focus rather than rallying behind a single leader. “An ecosystem without a dominant leader is like sand; a single gust of wind blows it apart.”
@BroLeonAus also voiced skepticism about ApeChain staging a comeback. He believes most participants were chasing mere expectations, and Yuga Labs’ operational shortcomings—previously exposed during incidents like Otherside land sales—have already eroded trust.
Has Launching a Chain and Pumping Memes Become a Trend?
The ongoing meme boom has become a strategic imperative for major blockchains. Following Solana, TRON, BSC, Sui, and others have all launched their own “pump” platforms, vying to become the new frontier for meme traders.
This trend may now be inspiring projects beyond the blockchain space to launch their own chains—or even deploy “pump.fun”-style platforms—to lure speculative meme capital.
Last week, besides Yuga Labs, Worldcoin also launched its mainnet, World Chain. On its debut day, Worldchain briefly became a hotspot for meme traders.
Recently, Charles d'Haussy, CEO of the dYdX Foundation, announced his return and teased secrets about moats, Trojan horses, and flywheels—leading the crypto community to speculate that dYdX will soon launch its own “pump.fun” to ignite a meme wave. The DYDX token surged 30% yesterday on the news.
However, historical precedents show that while mimicking Solana’s meme pump model can generate short-term attention for blockchains or projects, most struggle with sustainability and end up being flash-in-the-pan phenomena.
Crypto KOL @yuyue_chris emphasized that for blockchain teams, “a simple pump.fun product alone cannot sustainably pump your token price—capital infrastructure is key.” Achieving both liquidity and visibility through such products likely requires pre-existing capital momentum to make success feasible.
For retail investors, @yuyue_chris advises first assessing whether there's genuine momentum on the chain. Ideally, observe whether the native token is in an uptrend and whether there are altcoin opportunities on CEXs—only sustained capital flows can create spillover wealth effects on-chain. “Not every blockchain can successfully pump its token just by launching a pump.fun.”
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