GM DOers!
What do Harry Potter, Obama and PacMan have in common?
Literally nothing. Except, they all somehow got their names jumbled together in a wild memecoin named HarryPotterObamaPacMan8Inu, which skyrocketed by 800% over the weekend.Β
Yeah, if you canβt tell, the bull market is back, and things are starting to make 0 sense again, as memecoins dominate the market.
Okay, hold up a minute. Why the F*** is Web3 Academy talking about memecoins these days?
Donβt worry, weβre not turning into DOGE maxis (although maybe we should) .Β
Instead, the reason weβre covering memecoins today is because usually, memecoin rallies are followed by insane altcoin surges β and that excites us.Β
So letβs talk about:Β
Robinhood Listing $WIF
Every Meme Up Only
RFK JR Wearing $MOG Glasses at ETHDenver
Why Memecoin Season Matters
Stick around until the end as weβre looking into whether or not Altcoin Season is here & what you need to do to capitalize on it.Β
Letβs get into this, my friends. β¬
Robinhood Listing $WIF
Remember when Robinhood, about a year ago, removed $SOL from its platform and sold off everyone's tokens at $15 on their behalf?Β
Fast forward a year, with $SOL's value up by almost 10 times, that very same Robinhood now thinks it's cool to add a random memecoin named DOG WIF HAT to its exchange. (Itβs literally a dog with a hatβ¦)
If thatβs not the craziest 180, I donβt know what isβ¦Β
Now, hold your horses (I mean dogs) because Robinhood is only planning to list $WIF on its EU-based exchange, which is much smaller than the US counterpart.Β
Regardless, upon the Robinhood news, $WIF pumped to over $1.7 billion in market cap, reaching $1.73.
Context: 2 months ago, $WIF was $0.07, with a sub $100 million market cap.
In other, more exciting news, Robinhood Wallet teamed up with Arbitrum to enable cheaper and faster trading onchain.Β
Robinhood and Arbitrum announced a collaboration that simplifies the path to Layer 2s (L2s) by giving Robinhood Wallet users access to Arbitrum swaps through decentralized exchanges.Β
But letβs go back to memecoins for a secondβ¦Β
Led by the $WIF hype, other memecoins like Dogecoin, Shiba Inu and Pepe have gone up significantly in the past 7 days.
This has led to new meme tokens such as WEN and PopCat to gain popularity too.Β
However, none have gotten as much attention as $MOG.
MogCoin is a self-described symbol of winning and success of Ethereum. Whatever that meansβ¦
Well, at ETHDenver, the independent candidate for President of the United States, Robert F. Kennedy Jr. was spotted wearing Mog-related glasses.
Iβm sure he had no idea what these glasses symbolized so he just went with the flow but this picture has captured everyoneβs attention on X over the weekend.
$MOG is up 350% in the past 7 days.Β
An exciting memecoin innovation is being built on Base.Β
π’π‘πππππ‘ πππππ¬ 
Meme.market connects memecoins with picture memes through ERC-1155 NFTs, creating a bridge between digital tokens and the memes they represent on the Base L2 network.Β
It functions as both a trading space and a creative platform for meme enthusiasts. Pretty cool.
Historically, memecoin surges have often been followed by insane altcoin rallies.
Why?
Because memecoins are fun and speculative, a nature that usually attracts retail investors into the markets, who are looking for a quick buck.Β
Later on, retail investors shift from memecoins to better altcoins, with actual utility and growth potential, sparking the so-called Altcoin Season.
This has happened many times before, especially at the beginning of bull markets.Β
Will this happen this time around? Letβs explore.
For Altcoin season to begin, we need 1 thing: retail investors β and theyβre not quite fully back.Β
Let me explain.Β
The chart below shows the total market cap of all cryptocurrencies combined β it has gone from $1.65 to $2.35 trillion dollars, up a whopping 700 billion.Β
But hereβs the deal: Bitcoin alone added $366 billion to its market cap.
In other words, ~52% of new money in the crypto market went into Bitcoin, not altcoins, which is usually the case in Altcoin Seasons.
Is this about to shift? Is the Altcoin Season about to explode?
The first real indicator of retail investors returning to crypto is the surge in popularity of Coinbaseβs App Store application.Β
On February 14th, Coinbase was ranked 418th among all apps and 32nd among all finance apps.
$COIN App Rank
14 Feb 8AM
All Apps
418
446 (13 Feb 8PM)
Finance Apps 32 36 (13 Feb 8PM)
Today (March 4th), Coinbase went up to 150th among all apps and 12th among finance applications.
$COIN App Rank 3 Mar 8PM All Apps
162 150 (3 Mar 8AM) Finance Apps
12 12 (3 Mar 8AM)
That growth is insane⦠Coinbase even crashed at some point last week due to increased traffic.
Another great indicator of people returning to crypto are Google searches. According to Google Trends, we can see a significant growth in interest for Bitcoin.Β
Again, βcryptoβ and βCoinbaseβ searches are still quite low comparatively.
So itβs clear that all of the buzz around crypto recently has been driven mainly by Bitcoin, thanks to the popularity of ETFs.Β
However, retail is slowly but surely coming back!!Β
So hereβs the truth: This isnβt the real bull marketβ¦ yet!Β
Weβre still not in the βwake up in the middle of the night and check your positionsβ season just yet.
Altcoins are still lagging behind, but itβs just a matter of time until they start to rally too!Β
As that starts to happen, remember these things:
Firstly, donβt let your degen bag become your main bag!Β
If your low-cap moonshots are going to grow to match your $ETH or $BTC positions, donβt be afraid to start taking some profits.Β
Donβt be the guy that round trips its bag to the moon and back.Β
Secondly, remember the market can stay irrational longer than you can stay solvent.
Donβt try to ape into every other token that gains hype. If random tokens make it on your X feed, chances are youβre too late to the party.
I know itβs hard, especially when people share how theyβve made millionsβ¦
But donβt despair, the opportunities are plenty! The last thing you want to do is jump from token to token. Thatβs your 1-way street to failure.Β
Thirdly, enjoy the ride!
Web3 Academy was born and built in the bear and most of our readers are OGs! Weβve been waiting for years for these market rallies.
Letβs make sure to freaking enjoy them.
Thanks for reading. And remember, you're strong, youβre powerful, youβre alpha! β€οΈ
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Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.
Kyle Reidhead
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