Subculture memes drive the independent market of Japan-related Meme coins, with Meme coins led by "114514" all experiencing significant gains.

BlockBeats News, January 6 — According to GMGN Monitoring, recently, a resurgence of the Japanese internet subculture “Beast Sempai” (also known as “Inmou Meme”) has sparked a new wave, leading to independent market movements of related Meme tokens on the Solana chain, with market attention rapidly increasing. Among them, multiple tokens represented by the Pump Live live-streaming token “114514” have flooded social platforms, and coins like YAJUCOIN, 42069, etc., quickly entered the hot list after launch, further boosting market sentiment. Some Meme token information is as follows:

114514: Market cap temporarily reported at $42 million, intraday peak at $57 million, current price approximately $0.042, up 700% in 24 hours;

42069: Market cap temporarily reported at $1.4 million, intraday peak at $2.48 million, current price approximately $0.0014, up 2900% in 24 hours;

YAJUCOIN: Market cap temporarily reported at $960,000, intraday peak at $3.56 million, current price approximately $0.0009, up 7200% in 24 hours;

BEAST: Market cap temporarily reported at $240,000, intraday peak at $490,000, current price approximately $0.0002, up 260% in 24 hours;

The number “114514” originates from the Japanese classic internet meme “Beast Sempai,” with a phonetic pun in Japanese “いいよ、こいよ” (meaning “Alright, come on”). This meme originated from an old film in 2001 and has been circulating in Japanese internet culture for over 20 years, with a certain community recognition.

This market trend may be driven by multiple factors: including Japan’s expectation to reduce cryptocurrency tax from 55% to 20%, plans to allow direct listing of crypto assets, and recent overall market recovery along with a collective revival of Meme sector on the Solana chain, providing emotional support.

Related article: “Besides $114514, which other projects can you follow?”

BlockBeats reminds users that Meme coin trading is highly volatile, largely dependent on market sentiment and hype, with no real value or utility. Investors should be cautious of risks.