The MEXC Meme Token Trading Contest has started. The three-tier prize pool structure of this event is clear: the basic prize pool is 50,000 USDT (unlocked when the cumulative contract transaction amouThe MEXC Meme Token Trading Contest has started. The three-tier prize pool structure of this event is clear: the basic prize pool is 50,000 USDT (unlocked when the cumulative contract transaction amou

Meme Trading Battle Is Live: PONS, AIINU and USELESS Lead the Pack — Who Leads the Next Leg?

#Meme Coin

MEME$0.0006148+2.70%

PONS$0.658529+12.40%

USELESS$0.322873+11.10%

Author: MEXC

2026/09/23 00:12

The MEXC Meme Token Trading Contest has started. The three-tier prize pool structure of this event is clear: the basic prize pool is 50,000 USDT (unlocked when the cumulative contract transaction amount reaches 100,000 USDT), the additional prize pool is 50,000 USDT (unlocked when it reaches 500,000 USDT), and the ranking prize pool is 100,000 USDT (shared by the TOP 50).

Participate in a batch of Meme tokens covering Robinhood Chain and Solana ecosystem. The core of the trading competition is not only "reaching the trading volume standard", but also selecting the right target . In the Meme track, the choice of target often determines the result more than trading skills.

PONS: Robinhood Chain's protocol revenue leader

PONS is the token of the Pons platform. Pons is deployed on Robinhood Chain and is an issuance platform that allows users to create and trade a fixed amount of tokens.

The core mechanism of PONS is "revenue → repurchase → destruction". The platform charges a handling fee for each token transaction, of which about 80% is used to repurchase and destroy PONS in the secondary market. As of now, the cumulative destruction of PONS has accounted for more than 29% of the initial supply, and Uniswap Labs has previously purchased PONS tokens.

On-chain data confirms the effectiveness of this mechanism. On September 2nd, the Pons platform processed a trading volume of about 544 million US dollars in a single day, and the daily issuance of new tokens was close to 25,000 . In early September, Uniswap Labs announced the acquisition of PONS pledged stock, and PONS rose about 40% within hours after the news was announced.

The risks are equally clear . On September 18th, on-chain data showed that a whale extracted 2.25 million PONS from Binance and sold them for about 1.29 million US dollars, with PONS falling 12% that day. PONS's revenue is highly dependent on the popularity of Meme trading. When the coin issuance activity cools down, the repurchase intensity will also weaken synchronously.

AIINU: Cross of Meme and NVIDIA Stock Tokens

The uniqueness of AIINU (Artificial Inu) lies in its asset structure of liquidity pool . AIINU is issued through the Robinhood Chain ecosystem issuance platform Long.xyz and directly forms trading pairs with NVIDIA tokenized stock NVDA .

According to GMGN data, the market value of AIINU once exceeded 360 million US dollars , with a 24-hour increase of 31.68%. The intersection of AI narrative and stock token narrative gives it a unique recognition in the Robinhood Chain ecosystem.

Risk Warning : The liquidity depth of AIINU is limited, and large buy and sell orders may have a significant impact on the price. The price performance presents a typical Meme pattern: short-term explosive power is strong, but when extended to the one-year dimension, the value of AIINU shrinks by more than 90% .

USELESS: Community Consensus Asset for Counter-Narrative

USELESS has a very different logic from the previous two. It has no roadmap, no utility, no commitment - the name itself is a statement of position. Its price is driven entirely by community consensus and social attention.

According to GMGN data, USELESS recently rebounded and broke through the 300 million US dollar market value , with a 24-hour increase of more than 20.1% and a 24-hour trading volume of 16.50 million US dollars . The driving force for the rise comes from several specific events: winning a football jersey competition sponsored by Kraken, appearing on the Coinbase listing roadmap, and obtaining a CertificK security rating. Well-known trader Bonk Guy (Unipcs) has been buying continuously for the past month and currently holds 15.9 million pieces .

Risk Warning : USELESS circulation supply is close to 1 billion, almost all of which can be traded. Early buyers have considerable floating profits after the token recovery. Once social attention weakens, selling pressure may quickly appear.

HOOKR: Launchpad Token for Programmable Marketplace

HOOKR is a project token Hookr.fun the programmable marketplace Launchpad on Robinhood Chain, built on Uniswap v4 Hooks. The platform supports ETH or HOOKR as new token trading pairs, and some ETH transaction fees can be used to repurchase and destroy HOOKR.

According to the early data of the activity page, HOOKR/USDT rose by 79.41% in the first 24 hours of the competition, and is one of the most active targets in the participating currency pair. The market value of HOOKR is relatively small, and the price volatility is significantly higher than that of PONS and USELESS.

Market Background: Robinhood Chain Meme ecosystem is undergoing rotation

The above targets are concentrated from Robinhood Chain, but the ecosystem is changing. DeFi researcher Ignas stated on September 22nd that the popularity of Meme coins in the Robinhood ecosystem is weakening. He has withdrawn from related LP positioning and observed a trend of funds possibly shifting from Robinhood Chain to Solana.According to the data, the daily trading volume of Robinhood Chain's DEX has dropped from the peak of 3.70 billion dollars on September 4 to 1.90 billion dollars , and the daily trading volume of Meme has dropped from the peak of 850 million dollars to 360 million dollars .

Meanwhile, Solana's Meme liquidity is returning. ZCAT rallied more than 500% in 24 hours, reaching a market cap of $140 million . Solana held 67% of the spot DEX trading volume on September 7, about three times Robinhood Crypto's 23% market share.

But we need to pay attention to red flags . The rotation speed of the Meme track is extremely fast, and hotspots may shift in a short period of time. Robinhood Chain's Meme narrative (stock tokenization + RWA) may still regain momentum with the support of the official ecosystem, but the current trend shows that funds are looking for new directions.

Written at the end

The MEXC Meme Token Trading Competition is still ongoing, and the competition for the three-tier prize pool has not yet been determined.

From the current market performance, PONS represents the Meme logic of "protocol revenue support", AIINU represents the cross-logic of "stock tokenization narrative", USELESS represents the anti-narrative logic of "community consensus + attention-driven", while HOOKR leans more towards the Launchpad token of "small market cap + high elasticity". There are four logics, four risk characteristics, and four rhythms.

In the Meme track, the most dangerous thing is not volatility, but not knowing what money you are making. While increasing trading volume, it is more important to first figure out the pricing logic of the underlying asset and where the risk comes from, rather than blindly chasing the rise.

The event will last until 16:00 on September 27th (UTC + 8). Choose the target, control the positioning, and then focus on execution.

Market Opportunity

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