Nearly 1 million people lost money on TRUMP, while over 95% of the 120,000 holders of ANSEM are currently in profit.

Written by: Sanqing, Foresight News

In the early morning of July 7, according to GMGN market data, the meme token ANSEM (The Black Bull) on Solana surpassed a market capitalization of 400 million dollars, peaking at 449 million dollars. Related crypto KOL Ansem still holds about 58% of his position, valued at approximately 228 million dollars. Before the market movement, Ansem published a series of operational adjustments, including injecting creator transaction fees into the liquidity pool, prioritizing airdrops of SOL to active holders, and recruiting a team to expand marketing channels on Instagram and TikTok.

On-chain analysis account Lookonchain stated that ANSEM's market value has overtaken the meme token TRUMP associated with US President Donald Trump (currently, the circulating supply percentage is about 23.74%). Among the approximately 120,000 holding addresses of ANSEM, over 95% are currently in profit; however, nearly 1 million accounts of TRUMP token buyers are in a loss position, as the token's price has fallen from a high of 77.6 dollars to about 1.7 dollars, a decline of nearly 98%.

A Single Operational Update, Community Almost Uniformly Praises

Supporting this round of upward movement are the continuous operational actions released by Ansem himself.

On the evening of July 6, he posted a lengthy post announcing several adjustments: replacing the Pump.fun creator transaction fees with SOL injected into the liquidity pool, "making it easier for the price to absorb the sell-off by early buyers and providing deeper liquidity for new large investors"; prioritizing airdrops of SOL to the best-performing holders on social media to create net buying pressure; future airdrops will be phased out at higher market cap nodes.

Additionally, he stated that he has discussed popular marketing channels for Instagram and TikTok with the marketing team TJR and Brez, and recruited a team responsible for social media, design, and copywriting; he has committed that all supply allocations related to the team will be completed through a public wallet.

The community's feedback has been predominantly positive. User Saint commented, "This is the most bullish meme coin update I've ever seen"; user Anointed expressed, "Good luck Ansem, I love this, I will support it as much as I can," to which Ansem replied, "Thank you," comparing his approach to "cooking publicly like Chef Boyardee."

There are noticeably fewer dissenting voices, but they do exist. User JustaRedBird suggested using funds to reach audiences outside the crypto space, such as sponsoring eSports events or placing billboards, stating, "Stop wasting money entertaining yourselves in the same circle."

Another user, Snake Solana, pointed out that the exposure distribution displayed through Bullpen appears to favor accounts with large fan bases, saying, "You won't reach 1 million holders this way." These types of concerns focus on the fairness of specific rules.

The Growth History of ANSEM

On June 17, an anonymous developer deployed ANSEM for about 6,300 dollars and then transferred 650 million tokens, approximately 65% of the total supply, directly to Ansem's wallet, while the developer sold the remaining share for a profit of about 5,500 dollars before exiting. Ansem has publicly stated multiple times that he was not involved in the token's creation.

From June 27 to 29, Ansem airdropped approximately 7 million dollars worth of ANSEM to over 700 Solana wallets. He stated that this move was to return creator transaction fees to the community, aiming to expand holding addresses from about 25,000 to 1 million. By this stage, ANSEM's market value had already surpassed 100 million dollars.

Entering July, with ongoing airdrops and expanding community size, ANSEM's market capitalization successively broke the thresholds of 200 million, 300 million, and 400 million dollars, reaching 120,000 holding addresses. By the early morning of July 7, the market capitalization briefly touched 449 million dollars, surpassing TRUMP's circulating market value.

Supporting this upward trend, in addition to the airdrop rhythm, is a gradually forming product. Ansem and another entrepreneur, Sal Qadir, previously co-founded the on-chain trading terminal Bullpen, which integrates spot trading, perpetual contracts, and prediction markets, and has been launched and put into practical use.

User holding duration, transaction activity, and other data are included in the future airdrop qualification calculations for ANSEM. This adds a layer of support to ANSEM's narrative that distinguishes it from pure air coins, and transforms Ansem's role from merely a token distributor to an ecosystem builder with specific products in hand.

A Like and a Position, Whose Chips Are Heavier

Also in these few days, a similar scenario unfolded on the BNB Chain, with the main character changing to Binance founder Changpeng Zhao (CZ), who was hardly involved in the matter.

On July 4, a meme coin named after him, CZ (The Final Form Bull), was launched, to which Changpeng Zhao did not respond specifically. CZ peaked at a market value of 88.64 million dollars.

On July 6, crypto community user dotaek posted that he had shifted from the "repeatedly cut" Solana meme coin market to the BNB chain, believing that here "really supports builders and long-term projects," with the post including a donation message. CZ replied with a "👍" in the comments. This interaction was rapidly amplified by the community, driving TCC (TCryptochicks) market capitalization to temporarily spike to about 70.88 million dollars, and CZ's influence subsequently receded.

Hours later, faced with market inquiries about "whether CZ holds or supports these tokens," he publicly responded, "I do not own or understand any of these coins; I am just interacting with active people in the community." After this announcement, the prices of both tokens fell back; as of press time, CZ's market value was approximately 52 million dollars, and TCC was around 14 million dollars.

At the same time, in this time window, each of the two public chains developed a set of "KOL-associated token" pricing logic, with the degree of involvement of the protagonists being completely different. Changpeng Zhao did not actively intervene with the token CZ from beginning to end. Meanwhile, TCC was boosted by just a single like from him and then fell back after his denial; the market priced based on an intangible emotion, with no buffer when the tide receded.

Changpeng Zhao's every move is magnified under the scrutiny of regulatory agencies and media, having previously experienced imprisonment due to accusations from the US Department of Justice. If the market is allowed to interpret this as a "platform," whether regarded as de facto market manipulation or as material endorsement of a certain project, could lead to troubles he most needs to avoid at present.

Meme coins have no cash flow and no balance sheets; pricing relies on consensus and emotion. Whether that consensus stems from a like from a celebrity or from Ansem's trusted operations, it is common for people to seek profits at this table. However, consensus and emotion can arrive quickly and may dissipate just as quickly, with prices potentially halving or going to zero overnight, so participation must be cautious.