Summary
TLDR: After OJ Simpson’s death, meme coins themed around him quickly emerged on blockchain networks like Solana and Ethereum due to the ease and low cost of creating tokens. The trend of creating meme coins based on trending topics or viral moments has been on the rise, with services like Pump making it even easier for users with no technical expertise to launch tokens. This has led to a flood of meme coins on blockchain networks, with some users deploying hundreds of new tokens a day in hopes of striking gold.
Key Points
1. The death of a prominent person like OJ Simpson creates an opportunity for traders to capitalize on public attention and generate buzz for a token without much effort.
2. Launching meme coins has become easier and cheaper on blockchain networks like Solana and Ethereum, allowing for the rapid creation and deployment of tokens based on trending topics.
3. Services like Pump on Solana help users deploy meme coins with minimal technical expertise and low transaction fees, leading to a flood of meme coins on networks like Solana and Base.