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The "Elvis War" in the Meme Community: Copyright Disputes, Anti-VC Trends

May 9, 18:30
The "Elvis War" in the Meme Community: Copyright Disputes, Anti-VC Trends

1. POPCAT and Shark Cat (token SC) in the cat coin market encountered FUD due to Logo IP copyright issues, but Shark Cat later obtained the copyright and the coin price rebounded, while POPCAT has not yet resolved the relevant issues, and some users began to turn to SC.
2. The recent anti-VC trend has also affected cat-themed tokens. Community users support community-based meme cat coins, such as POPCAT and MICHI, while projects such as MEW and MANEKI are suspected of being supported by VCs, and cat-themed Memecoins have internal struggles.
3. POPCAT ranks first in market capitalization, with more than 45,000 holders, demonstrating strong community power; MICHI has seen rapid growth in market capitalization since its deployment on April 8.
4. Although the degree of VC participation in cat coins is not easy to verify, the cat coin hegemony battle has added heat to the sector and affected the rotation of each ranking. In the past two weeks, the three tokens with the largest market capitalization increases are Michi (+547%), SC (+216%), and POPCAT (+81%).
5. The narrative of the CatCoin community has entered the next stage. From IP disputes to resistance against VC coins, users’ choices and story development are worth looking forward to.

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