Memes weren’t known as memes when we were building @9GAG in 2008. They were just funny pictures you passed around.
We built 9GAG with two principles:
- Make it fun.
- Make it simple to share.
That’s it. And that scaled us to 200M users.
People overcomplicate this.
In reality, fun + simple is still an unbeatable distribution strategy.
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@alphabot has been one of the most trusted and widely used products in web3 for years, powering millions of users and even most of our raffles at @Memeland.
I have full trust in @adutchbro and team to keep executing as they’ve consistently done for many years.
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$MEME looks like it's near the bottom
Current price: $0.00286 Target: $0.01 (at minimum)
We already pumped from $0.0021 to $0.0045 over 100% gains. Now we’ve corrected 40% from the local top.
If this is still a bullish trend (and I believe it is), this is the maximum dip before the next leg up
Don’t forget: - Massive community - Strong team - Working product
I’m betting they’ve got something cooking... $MEME vs $PENGU is coming
If you see me bullposting $MEME and @Memeland daily, please bear with me if I'm being insufferable.
Just know that me and our community just simply deserves to be happy even at small moments like this that we're winning.
We've been eating so much shit during our lowest. Been called names of all sorts.
We're just simply happy that for once again, Memeland is back on where it should be.
Big news out of MemeStrategy: their highly-watched Rights Issue just wrapped up and the results are wild.
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1/ Oversubscribed by 964%
The company offered ~122.6M new shares to existing holders on a 1-for-2 basis.
They received over 1.3 billion share applications.
That’s 1,064% demand for what was on offer oversubscribed by nearly 10x.
Raised Capital: ~HK$153M ($19.6M)
According to prior filings, this capital is earmarked for business expansion.
It’s now up to MemeStrategy to show what exactly that means.
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2/ Shareholding Structure Remains Intact
Ray Chan, via Home Office Development Ltd, maintains 64.31% control, unchanged from before.
Public holders now own the remaining 35.69% of shares.
That means:
No dilution of founder control.
But also, no shift in power dynamic or new strategic investors entering through this round.
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3/ Share Price Reaction: +5.28%
Post-announcement, MemeStrategy’s stock rose to HKD 3.19, gaining over 5% on the day.
That shows positive short-term sentiment.
Investors seem to be betting on two things:
The capital raise strengthens the balance sheet.
The demand signals institutional or strategic confidence.
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4/ So What’s Next?
i/ What’s Working:
- The raise was successful, and demand was overwhelming.
- Market reaction is positive at least for now.
- The upcoming issuance of shares (trading begins Aug 11) may bring renewed attention.
ii/ What Needs Watching:
- Execution risk: The company has not yet disclosed concrete plans for deploying the funds.
- Communication: MemeStrategy and Memeland still haven’t clearly explained how this public-side raise ties back to product-side developments.
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5/ Connection to Memeland?
This won’t directly pump NFT floors or MEME token price.
But indirectly:
- It strengthens the corporate side of the ecosystem (MemeStrategy is the HKEX-listed vehicle).
- It gives them more resources to push whatever their next move is whether it's in commerce, entertainment, or finance.
In short, this was a win.
Now the pressure is on the team to turn it into momentum not just money in the bank.
Because if nothing material comes from this raise. People won’t forget how much they just over-subscribed.
Let’s see what they do next 🏴☠️