Meme Coin’s dopamine trap: Decoding the viral craze behind 4chan to pump.fun

Original title: "The Dopamine Trap of Meme Coin: Decoding the Viral Craze from 4chan to Pump.fun"

Original source: D11-Labs

Introduction

In today's fast-growing world of cryptocurrency, a unique phenomenon has attracted widespread attention: the rise of Meme Coin. Meme Coin originated from Internet subcultures, especially the Meme culture of the 4chan community, and quickly became popular under the impetus of social media. This report will delve into the origins of Meme culture, the deep reasons for the popularity of Meme Coin, and analyze the role played by the Pump.fun platform and the future development trend of Meme Coin.

Origin and Development of Meme Culture

The term Meme was proposed by Richard Dawkins in his 1976 book The Selfish Gene to describe self-replicating units in culture. Meme is easy to spread, mutate and evolve, and it continues to develop through imitation and adaptation. 4chan is an anonymous online forum that was born in 2003. Its unique subculture environment has spawned a large number of creative and humorous Memes. The collective creation and dissemination of 4chan users have enabled Meme culture to develop and spread rapidly. Today, Meme culture has surpassed the boundaries of the Internet and has had a profound impact on real society. From "Pepe the Frog" to "Doge", Meme has become a part of popular culture, affecting people's communication methods and thinking patterns.

The Deep Reasons for the Popularity of Meme Coin

Dawkins' "Selfish Gene" theory provides an explanation for the popularity of Meme Coin. Just like the self-replication and spread of genes, Meme has similar characteristics. When a Meme is accepted by the group and spreads enthusiastically, the selfish gene of the individual is satisfied, further promoting the spread of the Meme. DogeCoin is one of the representatives of Meme Coin. It originated from Doge Meme and quickly appreciated under the impetus of social media. The popularity of DogeCoin reflects the combination of Meme culture and cryptocurrency, as well as the driving effect of group enthusiasm on prices.

However, the popularity of Meme Coin is largely due to its speculative nature. People's desire to get rich quickly, coupled with the Fear Of Missing Out (FOMO) psychology, has driven up the price of Meme Coin. But this also brings huge risks because MemeCoin lacks intrinsic value support.

The dopamine reward circuit in the human brain plays an important role in the surge and plunge of MemeCoin. Dopamine is a neurotransmitter that is closely related to the sense of reward, pleasure, and addictive behavior. When people participate in Meme Coin transactions and gain benefits, the brain releases dopamine, producing a strong sense of reward. This sense of reward can motivate people to continue to participate and even produce addictive behavior. However, the high volatility of Meme Coin may also have a negative impact on the brain. When the price plummets, dopamine levels plummet, which may lead to low mood, anxiety, and depression. Frequent fluctuations in dopamine levels may have long-term effects on the brain's reward circuit, changing people's risk preferences and decision-making patterns.

The reason why Meme culture is so attractive is also closely related to the dopamine reward circuit. Memes are usually characterized by humor, novelty, and surprise, which can stimulate people's positive emotions. When people are exposed to interesting Memes, the brain releases dopamine and produces a sense of pleasure. This sense of pleasure drives people to constantly seek new Meme stimulation, forming a positive feedback loop. In addition, sharing and spreading Memes on social media can also bring social rewards. When the Meme created or shared by an individual is recognized and appreciated by others, the dopamine reward circuit is activated again, reinforcing the behavior of participating in Meme culture.

In summary, the dopamine reward circuit plays a key role in the popularity of Meme Coin and Meme culture. It explains people's fanatical pursuit of MemeCoin transactions and their deep participation and addiction to Meme culture. Understanding the dopamine mechanism is of great significance for grasping the development of MemeCoin and Meme culture.

Innovation and Impact of the Pump.fun Platform

The pump.fun platform uses the Bonding Curve and the mechanism of automatic migration to AMM to open up the last mile of issuing Meme Coin. This innovation greatly reduces the threshold for issuance, making it easy for anyone to create their own Meme Coin. At the same time, the pump.fun platform has also added entertainment functions such as live broadcasting, combining Meme Coin with entertainment. This move not only enhances user stickiness, but also provides a new channel for the spread of Meme Coin.

The emergence of the pump.fun platform has accelerated the development of Meme Coin. It provides a convenient issuance and trading platform for Meme Coin, while also attracting more participants, further expanding the influence of Meme Coin.

Future Development Trend of Meme Coin

Looking to the future, the development of Meme Coin may learn from the recommendation algorithms of social platforms such as Tiktok to further shorten the dopamine reward circuit of users. Develop in a more entertaining and gamified direction. Combining with games, virtual worlds, etc. will inject new vitality into Meme Coin and attract more users to participate. With the power of social media, Meme Coin is expected to achieve a wider range of viral spread. Similar to the rapid push of short videos on Tiktok, the Meme Coin platform may recommend the Meme Coin that is being pumped to users at a rate of one per second. This high-frequency, fast-paced information flow will continuously stimulate the dopamine secretion of users and lure them to continue to participate in Meme Coin transactions and carnivals.

This development trend pushes the entertainment and gamification of Meme Coin to the extreme, while also increasing the risk of addiction for users. Immersed in the ever-changing world of Meme Coin, users may gradually lose their self-control and find it difficult to resist the instant gratification brought by dopamine. Meme Coin platforms may use various psychological strategies and design techniques to further enhance users' dependence and prolong their stay on the platform.

Under this extreme pursuit of excitement and addiction, MemeCoin may have a more profound impact on individuals and society. Excessive indulgence in MemeCoin transactions may lead to a series of negative consequences such as financial losses, broken relationships, and mental health problems. Society may have to pay a greater price to deal with the addictive problems brought about by Meme Coin.

However, this extreme development trend may also arouse the vigilance of regulators and the public. If the Meme Coin platform excessively pursues users' addiction and ignores moral bottom line and social responsibility, it may face strong resistance from regulators and public opinion. This may force the Meme Coin platform to self-regulate and seek a healthier and more sustainable development model.

Conclusion

The rise of Meme Coin reflects the deep integration of Internet culture and cryptocurrency. From 4chan to pump.fun, selfish genes and group enthusiasm have driven the hot development of Meme Coin. Looking to the future, Meme Coin is expected to develop in a more entertaining and viral direction and have a profound impact on society. At the same time, supervision and compliance will also be challenges that cannot be ignored in the development of Meme Coin.

The development of Meme Coin and Meme culture is not only a technological and social phenomenon, but also closely related to the reward mechanism of the human brain. Dopamine plays a key role in this, driving people's fanatical pursuit of Meme Coin and their deep participation in Meme culture. Looking to the future, while grasping the development trend of Meme Coin and Meme culture, we must also fully understand its impact on people's psychology and behavior, strengthen education and guidance, and promote healthy and sustainable development. Only in the balance between technological innovation and humanistic care can Meme Coin and Meme culture truly benefit society and achieve long-term development.

This article comes from a contribution and does not represent the views of BlockBeats.

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