Following yesterday's explosive 600x rally of $ANSEM, the Solana memecoin market has seen another wave of frenzy today, with multiple tokens such as $TJR achieving multi-fold gains in hours. This round not only brought influencers with millions of followers to personally promote tokens, but also exposed a highly organized minting network: the same deployer created 101 celebrity tokens in 7 days, accumulating over $6 million in profits.
$TJR: KOL Endorsement Drives 17x Market Cap Surge
KOL TJR (@_TJRTrades), known for trading analysis content, has 250,000 followers on X but over 1.5 million each on Instagram, TikTok, and YouTube. Initially, he publicly stated he would help $ANSEM's creator Ansem expand reach on TikTok, purchasing $100,000 worth of $ANSEM. However, at 6:00 AM today he posted 'Should I jump in?' and later confirmed in a reply about airdrops that he would hold and distribute $TJR, which the market interpreted as a signal of endorsement. $TJR's market cap surged from ~$1.6M to a peak of $28M, a ~70x increase from its low of $400K the previous day.
Deployer's Factory: 101 Tokens in 7 Days, $6.08M Paper Profit
According to GMGN monitoring, the deployer of $TJR is the same as that of $ANSEM, sending 79% of $TJR to TJR's address. The deployer initially created the token 13 days ago and sold with a $5,500 profit, then over the past 7 days began batch-minting tokens, frequently replicating various celebrity coins while buying positions and actively engaging on X to build hype. In 7 days, the address created 101 different memecoins (mostly celebrity-themed with existing fanbases), of which 12 surpassed $1M market cap and 3 exceeded $10M. As of now, the deployer's 7-day paper profit stands at 82,000 SOL (~$6.08M), with deployer fees from a few high-cap coins alone contributing $193K, and 30-day profit reaching $8.77M.
Derivatives and Dramatic Events
Beyond pure celebrity coins like $TJR, some derivatives also performed well. $TESTIBULL, a derivative of $TESTICLE, saw KOL Dip Wheeler (known for Fartcoin gains) promise an airdrop, pushing its market cap from $40K to nearly $5M. Another token, $dog, was intended to be sent to Ansem, but the deployer accidentally sent it to a burn address; this drama unexpectedly boosted its market cap above $8M, reminiscent of the $SLERF saga.
The VC-ification of Memecoins: Influencers as New VCs
This round is not just 'old wine in a new bottle'. Analysis suggests that on-chain traders have been starved for opportunities — Solana hasn't seen a $100M memecoin for a long time. Severe FOMO from missing the $ANSEM rally has spilled into $TJR. More importantly, memecoins are undergoing 'VC-ification': with exchanges largely closing new listings for memecoins and market makers unwilling to pump, achieving a $10M cap has become extremely difficult. Traders no longer care about fairness in allocation as much as about getting a chance at high odds at low market cap. This trend, first visible during Trump's token launch, now sees influencers playing the same role traditional VCs did — providing liquidity via attention, endorsement, and consensus. Many early 'degen' players have returned, now farming potential KOL tokens like bonkguy and him. However, sustainability hinges on whether $ANSEM can set new highs; otherwise, sentiment may fade quickly.
