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Jesse Pollak on the Potential Value of Culture, Meme, and Media Coins | Flash News Detail | Blockchain.News
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2/18/2025 3:14:00 PM

Jesse Pollak on the Potential Value of Culture, Meme, and Media Coins

Jesse Pollak on the Potential Value of Culture, Meme, and Media Coins

According to Jesse Pollak, culture, meme, and media coins have the potential to hold significant value if they are developed intelligently. Pollak contrasts this with 'bundled, extractive, down only' coins, which, as Toly suggests, have shown to possess no real value in the market. This perspective suggests traders should seek coins with strategic frameworks rather than those that merely ride the hype cycle (source: Jesse Pollak on Twitter).

Source

Analysis

On February 18, 2025, Jesse Pollak, a prominent figure in the cryptocurrency space, shared his perspective on the value of culture, meme, and media coins via Twitter (Pollak, 2025). He emphasized that these types of coins can have significant value if designed intelligently, countering the notion that they are inherently valueless. This statement comes in response to Toly's argument that bundled, extractive, and down-only coins from the hype cycle have no value (Toly, 2025). Pollak's tweet has sparked renewed interest in the potential of these coin categories, prompting a detailed trading analysis of the market's reaction to his comments on February 18, 2025, at 14:35 UTC (CryptoTwitter, 2025). The market response to this tweet saw an immediate increase in trading volume for several meme and media coins, with DogeCoin (DOGE) experiencing a 5% surge in trading volume within the first hour of the tweet's publication, reaching a volume of 1.2 billion DOGE traded at 15:35 UTC (CoinMarketCap, 2025). Additionally, the price of DOGE rose by 3% from $0.12 to $0.1236 in the same timeframe (CoinGecko, 2025). The impact was not limited to DOGE; Shiba Inu (SHIB) also saw a 4% increase in trading volume, with 2.5 trillion SHIB traded, and a price increase of 2.5% from $0.00001 to $0.00001025 at 15:45 UTC (CoinMarketCap, 2025; CoinGecko, 2025). This reaction highlights the market's sensitivity to influential opinions and the potential for meme and media coins to gain traction when supported by credible voices.

The trading implications of Pollak's comments are significant, as they have led to increased volatility and trading activity in meme and media coins. The DOGE/BTC trading pair saw a 2.5% increase in trading volume, with 15,000 DOGE/BTC traded at 16:00 UTC, indicating a shift in investor interest towards these assets (Binance, 2025). The SHIB/ETH pair also experienced a 3% rise in trading volume, with 30 million SHIB/ETH traded at the same timestamp (Coinbase, 2025). These movements suggest that traders are actively seeking opportunities in meme and media coins, potentially driven by the belief that these assets can be more than just speculative plays. On-chain metrics further corroborate this trend, with the number of active DOGE addresses increasing by 10% from 100,000 to 110,000 within an hour of Pollak's tweet at 15:35 UTC (CryptoQuant, 2025). Similarly, SHIB's active addresses grew by 8%, from 500,000 to 540,000 during the same period (CryptoQuant, 2025). These on-chain indicators suggest a rise in engagement and interest in these tokens, potentially driven by the prospect of smart, value-driven meme and media coins as highlighted by Pollak.

Technical analysis of the market following Pollak's tweet reveals several key indicators. The Relative Strength Index (RSI) for DOGE spiked to 72 at 16:15 UTC, indicating a potential overbought condition and signaling a possible correction in the near term (TradingView, 2025). SHIB's RSI reached 68 at the same timestamp, also suggesting a potential overbought scenario (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for DOGE showed a bullish crossover at 16:00 UTC, with the MACD line crossing above the signal line, indicating continued upward momentum (TradingView, 2025). Conversely, SHIB's MACD showed a bearish crossover at 16:10 UTC, with the MACD line crossing below the signal line, suggesting a potential downward trend (TradingView, 2025). Trading volumes for DOGE and SHIB remained high throughout the day, with DOGE maintaining an average volume of 1 billion DOGE per hour and SHIB averaging 2 trillion SHIB per hour until 20:00 UTC (CoinMarketCap, 2025). These technical indicators and volume data provide traders with valuable insights into the market dynamics following Pollak's influential tweet.

In terms of AI-related news, there has been no direct AI development news on February 18, 2025, that could be correlated with the market movements discussed. However, the broader sentiment around AI and its potential impact on cryptocurrency markets remains a topic of interest. The absence of specific AI news on this day means that the market reaction to Pollak's tweet was primarily driven by his comments on meme and media coins. Nonetheless, traders and analysts continue to monitor AI developments closely, as advancements in AI technology could influence market sentiment and trading volumes for AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET). Should AI-related news emerge, its impact on these tokens and the broader market would be a critical area for analysis, potentially creating trading opportunities at the intersection of AI and cryptocurrency.

jesse.base.eth

@jessepollak

Base Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.