With the recent market conditions being dull, the Meme craze has also faded a lot. Among the tokens launched on March 3rd by Pump.fun, only one still had a market value of over 1 million USD within 24 hours. This outstanding graduate is $PWEASE. After two days of the market wash, its market value reached a maximum of 35 million USD. It is now quoted at 25 million USD. Why has it become the strongest Meme in recent times?
Have you said thank you once? Ukrainian President Zelensky sighed helplessly when questioned by US Vice President JD Vance in Vol. 1, and the meme Pwease was born. The original meaning of Pwease is a cute or baby-like version of Please, which is mostly used in informal and playful contexts. Opponents believe that JD Vances questioning is offensive and offensive to President Zelensky and the Ukrainian people, so the image of his big-headed baby quickly went viral on the Internet.
Many people have high expectations for $PWEASE, comparing it to $BODEN issued last year. Both are memecoins of politicians, one highlights the meme-like image of former US President Biden as an old man, and the other infantilizes US Vice President Vance. $BODEN has a market value of 750 million, and people believe that $PWEASE will also perform well.
And there is also Degen who believes that this is just a flash in the pan for the Daily Golden Dog, and in this market situation, new Memecoins should be purchased with a market value of less than $5 million, rather than tokens with a market value of more than $20 million.
Polymarket also followed the trend and launched multiple polls related to Trump, JD Vance and Zelensky, using the meme of JD Vance and changing the word variants in the poll questions to Apowogee, vewy and so on, which are the same as Pwease.
Echo, a crypto angel investment platform that just raised $100 million a few days ago, also changed its avatar to that of baby-faced Vance. He had previously been troubled by wanting to change his avatar from that of bob the builder.
According to Know Your Meme, the creator of the $PWEASE meme is the 31-year-old 7/11 Truther DaveMcNamee 3000. The original concept of the meme was a tweet by Truther in October 2024, For every 100 likes, I will photoshop Vances face to look more like a baby with apple cheeks, and the tweet included a picture of Vance with bigger cheeks. The tweet received a total of 237,000 likes in three weeks.
After that, the image of Vance with apple cheeks spread quickly and extended to various images. After the meeting with Ukrainian President Lenzeski, Vances baby image became more popular. Before that, Nick Tomaino, the founder of cryptocurrency investment institution 1coinfirmation, said on the social platform that JD Vance is only 39 years old and his political style is completely opposite to the current old man politics.
In addition, the normal operation of Memecoins is that after a Meme becomes popular, a Memecoin of a related person will definitely be created. Dave is no exception. Netizens made both him and his dog into Memecoins, but neither performed well. The highest market value was only $480,000. Dave, who received the tokens, thought that Crypto was too stressful for him, so he decided to sell all the tokens and donate the money to the LGBTQ organization TrevorProject to oppose JD Vancs political views.
Whether this is a collective FOMO of Degen who has not seen the golden dog for many days under extreme market conditions, or a cultural movement representing the conflict of ideas behind it, it is still unknown. However, $PWEASE has indeed shifted the markets attention from celebrity coins back to the essence of meme culture. Of course, the above content is not an investment advice. Please always cherish your chips in extreme market conditions.
