「Vancity Coin」 Steals the Show in a Verbal Spat Between US and Ukrainian Presidents, PLEASE Express Lane $35 Million Market Cap

Summary: Have you said thank you today?

In the recent dull market conditions, the frenzy around Memes has also subsided. In Pump.fun's March 3rd token launch, only one token's market cap still exceeded $1 million within 24 hours. This outstanding graduate is $PWEASE. After two days of hype and speculation, the market cap reached a peak of $35 million, now sitting at a market cap of $25 million. Why has it become the strongest Meme coin recently?

Upon Vice President JD Vance's questioning, Ukrainian President Zelensky sighed helplessly, giving birth to the Meme $PWEASE. The original meaning of PWEASE is a cute or baby-like version of "Please," commonly used in informal and playful contexts. Opponents argue that JD Vance's inquiry was offensive and patronizing to President Zelensky and the Ukrainian people, hence its large-headed baby-like image quickly went viral online.

Many people have high expectations for $PWEASE, comparing it to $BODEN launched last year during the same period. Both are Memecoins based on political figures, one highlighting the old man image of former US President Biden, and the other infantilizing US Vice President Pence. $BODEN reached a market cap of $750 million, leading some to believe that $PWEASE will also perform well.

However, some critics believe this is just a flash in the pan, and in this market, buying new Memecoins should target those below a $5 million market cap, rather than tokens above a $20 million market cap.

Polymarket has also followed the trend, conducting multiple polls related to Trump, JD Vance, and Zelensky, using the big-headed JD Vance Meme and incorporating word variants similar to "Pwease" in the poll titles, such as "Apowogee" and "vewy."

Just days after raising $100 million, the crypto angel investment platform Echo's founder Cobie also changed his profile picture to Vance's baby-faced avatar, having previously struggled with changing his profile picture from Bob the Builder.

According to Know Your Meme, the creator of the $PWEASE meme was 31-year-old 7/11Truther "DaveMcNamee3000." The initial concept of this meme was a Truther's tweet in October 2024 stating, "For every 100 likes, I will make Wans's face even more like an apple-cheeked baby" and included an image of Wans's cheek with a larger P. This tweet received a total of 237,000 likes within three weeks.

Following this, the Wans's baby image quickly spread and took on various forms. After the meeting with Ukrainian President Zelensky, the image of Wans's baby became even more ingrained in people's minds. Prior to this, Nick Tomaino, the founder of the cryptocurrency investment firm 1confirmation, stated on social media that JD Vance, at only 39 years old, has a political style that is completely opposite to the current "elderly politics."

In addition, the typical operation of Memecoins is to create a Memecoin for any relevant individual once a meme gains popularity. Dave was no exception, as internet users created Memecoins for both him and his dog, but none performed well. The highest market cap was only $480,000, and Dave, feeling overwhelmed by the crypto space, decided to sell all the tokens and donate the money to the LGBTQ organization "TrevorProject" in opposition to JD Vance's political views.

Whether this is a collective FOMO of the Degen group that hasn't seen the Golden Dog for many days in an extreme market or a cultural movement representing ideological conflicts remains unknown. However, $PWEASE did succeed in shifting the market's attention from celebrity coins back to the essence of meme culture. Of course, the above content is not investment advice, and during extreme market conditions, it is important to always value your own chips.