The meta within the meta that is meme coins relating to the creator of Pepe does not look to be slowing down anytime soon. Diligent degen investigators have tracked down his cat ‘Zazzles’ via his wife’s jewellery company Instagram account.
Aped
Matt Furie’s cat
Already on eth
Proof attached
DYOR#zazzles https://t.co/4YAihDLb6N pic.twitter.com/XaPXFN61BM
— luthervanfloss (@LutherVanFloss) July 3, 2024
Insane Market Caps Of Matt Furie Character Tokens
Tokens based on Matt’s animated characters have been immensely successful. Pepe alone has a market cap of $4.4 billion. Brett on Base is the next largest, sitting at $1.4 billion. Then you have Andy and Wolf, both of which have multiple tokens spread across different chains.
Wolf has a token on Solana which has a market cap of $135 million while also having a $48 million ticker on Ethereum. Andy is similar, living on both the Ethereum and Blast chains. Andy on ETH has a $145 million market cap while on Blast it sits at $21 million.
The combined market cap for these Matt Furie characters is over $6 billion so it is no wonder degens are looking for the next moon shot tied to him.
Zazzles To The Moon – Could Matt’s Cat Be Another Success?
Early indicators are that Zazzles (on Ethereum) could have legs – the token is less than 6 hours old and has already processed over $3.5 million in trading volume already. It seems to be consolidating at around $1.2-1.6 million market cap after an initial run up that saw it hit an all-time high of $3.8 million.
Even in a shaky market (due to fears fuelled by upcoming Mt.Gox repayments), Zazzles looks to be sought-after by degens and has already amassed over 500 holders in its short amount of time being live.
With ETH gas fees being incredibly low right now, it is making meme coins accessible to investors that may normally stick to cheaper chains such as Solana and Base. While Zazzles may not ultimately become the next Pepe, it looks like a solid beta low-cap play in the ongoing Matt Furie meta.
Current #Ethereum (#ETH) safe low gas price: 4 Gwei
Fee chart(7d): https://t.co/OXRNccqoOB
24h: pic.twitter.com/OkRshXeaBD— Ethereum Gas Price Chart🔔 (@ETHgasChart) July 3, 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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