A look at Olympic Games-related meme coins: Can a thousand-fold coin be created?

By Jaleel Jialiu, BlockBeats

The 2024 Paris Olympics not only attracted global attention in the arena, but also unexpectedly set off a wave of enthusiasm in the cryptocurrency circle. 51-year-old Turkish shooter Yusuf Dikec quickly became popular on the Internet for his relaxed playing style, and even became part of the meme culture. The meme token of the same name became a thousand-fold coin overnight.

BlockBeats has sorted out more meme coins related to the Olympic concept, which does not constitute investment advice.

DIKEC

51-year-old Turkish athlete Y Dikec is currently the most widely circulated Olympic athlete on the Internet. Y Dikec has participated in international shooting competitions since the early 2000s and won multiple championships in European and World Championships. However, at the 2024 Paris Olympics, Dikec won the public's attention because of his relaxed attitude.

Unlike other athletes wearing high-tech equipment, Dikec only wore a seemingly ordinary T-shirt, glasses, and often put one hand casually in his trouser pocket. This relaxed but confident style quickly became popular on the Internet, making him the focus of this Olympics and helping Turkey win the silver medal, the country's first medal in the Olympic shooting event.

Faced with the fact that he won the silver medal in the Olympics without using special equipment and became popular online, Dikec was "exposed" after the game as a former Turkish officer. He issued a statement, "I don't need special equipment. I was born a shooter."

Dikec has attracted much attention in the currency circle because of his multiple meme attributes, and this meme attribute has received a lot of attention. The current related targets are: $DIKEC and $DAD.

$DIKEC directly uses the name of the athlete, with a current market value of $29.3K on the Ethereum chain and $278.1K on the Solana chain.

$DAD may not sound related to Dikec at first glance, but its current market value is $1.7M, and it is much more popular than $DIKEC. The community's slang is: "He is the coolest athlete in the Paris Olympics, no camera, no headphones, only atmosphere and random $DAD skin, always optimistic, especially like a kind and friendly random dad. Most of us fighting in cryptocurrency are like him."

Kim Yeji

In addition to Y DIKEC, 31-year-old South Korean shooter Kim Yeji was also a major focus of the Paris Olympics. With his outstanding performance and unique style, he not only won the silver medal in the competition, but also quickly became popular on social media.

Her calm and domineering performance in the game attracted widespread attention. Because she often wears iconic sci-fi style shooting glasses and a hat worn upside down, coupled with her calm posture in the game, she is nicknamed "real-life agent" and "the coolest Olympic athlete" by fans. Even Elon Musk expressed his appreciation for her on social media and suggested that she is suitable for acting in action movies.

In the currency circle, Jin Yezhi's image was quickly memed, her "coolness" was discussed by many communities, and some cryptocurrencies began to market around her image. At present, there are not many related tokens. $YEJI is one of them. Its current market value is 138K. On the SOLANA chain, it is a little weaker than DIKEC, but it may also have more room for growth.

Angela Carini

At the Paris Olympics last night, Italian boxer Angela Carini attracted widespread attention for her match with a transgender athlete. The cause of the incident was that Carini fought against a transgender female boxer Imane Khelif in the game. Due to the disparity in strength, it was considered to constitute unfair competition. This arrangement caused controversy about fairness and security.

This incident has been discussed a lot on the Internet, involving disputes over sports fairness and transgender rights, and many well-known figures have made comments on this incident. For example, Trump said that he would ban male athletes from participating in women's competitions after his election; Musk also retweeted "Men don't belong in women's sports #IStandWithAngelaCarini" on social media 18 hours ago.

So far, no suitable target has been seen. This morning, a token with the same name as Angela has run away, but the impact of the unfair competition incident of Angela is very large, so there is still a high possibility that a good target will come out.

LGBT

In addition to several athletes, there are also some memes that came out of the opening ceremony a few days ago, such as the meme with the same name as the mascot of the Paris Olympics, and the LGBT elements shown in the opening ceremony of the Paris Olympics.

The entire opening ceremony showcased a strong theme of diversity and inclusion, with LGBT-related symbols and emblems incorporated into the performances, such as dancers and actors conveying a celebration of gender diversity through costumes and dance, and some performances were interpreted as symbols of support for gay and transgender groups. Therefore, there are many meme concepts in the currency circle, such as $gay and $les that came out a few days ago.

$gay coin was originally a joke, created by a community member on Twitter Space, and used the avatar of Frank, the founder of DeGods NFT. Frank also started to play a joke saying that he was gay. As the joke spread, the token price rose rapidly in a short period of time. At the same time, Frank helped $gay coin CTO (community take over) and tried to transform the token from a joke about him to a larger symbol of support for the LGBT movement.

After rising to 8M, $gay's current market value remains around 1.7M. We can observe and judge the future market trend based on the market heat.