Author: Curry, Deep Wave TechFlow

Image source: Layergg @layerggofficial

The crypto bear market does not mean there are no opportunities.

In the past week, the meme coin market of the Solana ecosystem has once again seen a significant narrative-driven trend.

The token $ANSEM (The Black Bull), associated with the well-known trader Ansem (@blknoiz06), recorded an increase of nearly 19,878% in just 7 days, with its price rapidly climbing from a very low point to a historical high of $0.121.

Around June 29, the token price saw multiple rounds of rapid increases, and the overall market displayed obvious speculative enthusiasm.

This level of increase is not common in the current meme coin environment. According to public market data, the performance of $ANSEM over the 7 days has far exceeded most Solana meme coins of the same period, attracting significant short-term capital inflows. In terms of trading volume, the token’s 24-hour transaction volume reached tens of millions of dollars in multiple timeframes, and liquidity rapidly improved.

Among these, Ansem's public statements have been an important catalyst for driving this trend.

Around June 27, he stated on his social media account that he would airdrop $Ansem tokens to the community. After the announcement, market sentiment quickly heated up, and related discussions spread rapidly across crypto social platforms, driving both the token price and trading activity to rise in unison.

The familiar taste, the long-lost routine, appears particularly effective in the currently parched environment of the crypto market.

Is the airdrop just a celebration for a few?

Ansem's core logic for this airdrop is: to redistribute the creator fees accumulated on the Pump.fun platform, rather than keeping them for himself or using them for other purposes. He clearly stated in the announcement that he would randomly select participants for the airdrop every week.

The participation rules for the airdrop are relatively simple and are social-media-oriented. Users need to retweet the relevant announcement tweet, follow Ansem's personal homepage on Pump.fun (ansemconzimp), and include their Pump.fun address in the comments.

He will then randomly select winners each week for distribution. This mechanism differs from traditional project teams' airdrops based on holdings or on-chain activities, emphasizing community participation and randomness, but it is also more black-box in nature.

According to on-chain data tracking, as of June 29, Ansem has distributed about 67.38 million $ANSEM tokens through multiple rounds of airdrops, involving 704 wallets, with a total value estimated around 7 to 9 million dollars (depending on the price during each round of distribution).

Among them, the largest single airdrop reached 10 million tokens, accounting for about 1% of the total supply, once valued over 1 million dollars (based on that estimate).

Data from Dune Analytics and LayerGG shows that the current publicly known airdrop distribution exhibits certain concentrated characteristics:

Seven wallets received more than 100,000 dollars in value, 58 wallets fall within the range of 10,000 to 100,000 dollars, 318 wallets received 1,000 to 10,000 dollars, with the remaining wallets holding mostly smaller amounts.

Some of the addresses receiving large amounts have shown varying degrees of selling behavior after receiving the airdrop, while the market overall has maintained a high level of trading activity stimulated by the airdrop news.

Based on the total airdrop amount and the number of wallets, the seven wallets received about 75% of the total airdrop of $ANSEM. Some community members have posted that this resembles money laundering; any sale from the top seven wallets may be directly related to Ansem or collaborative parties.

However, regardless, Ansem himself stated in subsequent posts that he would continue to conduct airdrops as the market cap rises, aiming to increase the number of $ANSEM holders from the current approximately 25,000 to 1 million.

This further reinforced the market's expectations for ongoing airdrops, stimulating transaction volume for the token.

A Small Scale Celebrity Endorsement Season

The case of $ANSEM is essentially a meme coin trend directly driven by high-profile individuals. Ansem quickly transformed attention into liquidity through public association + airdrop commitments.

It is indeed the same old routine, but nonetheless, the crypto market in June has seen a small scale of celebrity endorsements.

For instance, last week, Arthur Hayes, co-founder of BitMEX, also released an in-depth research report on Collector Crypt ($CARDS) from his family office Maelstrom, giving a target price of 4 dollars this summer.

(Related reading: Arthur Hayes' family office research director: Bullish on $CARDS reaching 4 dollars this summer, on-chain card business momentum expected to surpass eBay)

After the announcement, $CARDS saw a noticeable increase.

And yesterday, Arthur Hayes' own actions provided another more representative sample.

Hayes clearly expressed his optimism about the Hyperliquid ecosystem, but he believes the main token HYPE lacks sufficient asymmetrical opportunities, as the market has been paying attention to HYPE for a long time; therefore, it needs to shift to other tokens in its ecosystem.

The $SYN token in the Hyperliquid ecosystem, which supports Hypercall and serves as an options DEX, is expected to become a challenger to the centralized giant Deribit. Some KOLs interpret this endorsement as Hayes potentially having purchased about 2.2 million dollars’ worth of $SYN through OTC.

According to on-chain data and market reactions, around Hayes' post, $SYN had a price increase of nearly 40% within 24 hours, and trading volume also amplified simultaneously. Prior to this, $SYN had already recorded a rise of over 10 times in June.

All in all, the current market is really challenging. There are no new narratives, no incremental funds, and nobody knows where the market is headed with the major index stagnant. Yet, the more it is like this, the more you need to watch these local celebrity endorsement trends... if you don't pay attention, there's genuinely nothing to see.

Moreover, do not underestimate these local opportunities. $SYN had quietly increased tenfold before Hayes made his comments; there are indeed conspiracies involved, but if you completely ignore it, you will obviously miss out on the few opportunities available.

Previously, we would always scan the wallets of those making endorsements on-chain to see if they had moved, look at how concentrated the positions were in the front rows, and check social media for sentiment to see if it was just starting to rise or already peaked...

Now these old tricks can still be used, and the competition may have decreased. Opportunities and traps in the crypto market are always closely intertwined, and regardless, you still need to stay in the game.