What do you think about the recent hotly debated $M3M3?

What is $M3M3?
$M3M3 is the first Meme coin launched on the M3M3 platform by the Meteora community, inspired by the MEME (3, 3) mechanism. It borrows from DEX's Ve (3, 3) model, where top stakers earn transaction fees from the MeMe LP. While not directly tied to Meteora, it's compared to other meme coins like $WEN and $PURR.
Why did Meteora issue $M3M3?
Meteora ranks 4th in Solana DEX trading volume (7.4%) but 3rd in liquidity (9.2%) and token launches. The M3M3 platform aims to leverage its LP and token launch strengths while boosting trading volume, making it a strategic move to address its shortcomings.
How to view $M3M3?
- It’s a Meme coin, not a platform token.
- Valuation focuses on APR and airdrop potential rather than typical meme coin hype.
- Critics argue its rational, reward-based approach clashes with the chaotic, high-volatility nature of successful meme coins.
- Advice: Treat it as a profit tool, not a serious meme investment.

Summary: $M3M3 is a hybrid meme coin with a strategic purpose, blending staking rewards and airdrops, but its success in the meme market remains uncertain due to its atypical mechanics.

A few details you need to know about $M3M3

1.What is $M3M3?

Meteora borrowed the Ve (3, 3) mechanism of DEX to invent a (3, 3) mechanism for launching Meme coins: MEME (3, 3)

That is, the top 1,000 Stakers of MeMe can obtain the transaction fee income captured by the MeMe LP.

Meteora developed a Meme coin launch platform based on the MEME (3, 3) mechanism: M3M3

Inspired by MEME (3, 3), the Meteora community used the M3M3 platform to launch the platform's first Meme coin $M3M3

So, $M3M3 has no direct relationship with Meteora in theory, but those who know it will understand that the market will compare $M3M3 to Jupiter's $WEN and HyperLiquid's$PURR

2.Why does Meteora issue $M3M3?

Observing the latest status of the DEX track in the Solana ecosystem, Meteora’s market position is as follows:

--The transaction volume market share accounted for 7.4%, ranking fourth after Raydium, Lifinity, and Orca

-- Liquidity market share accounted for 9.2%, ranking third after Raydium and Orca

--Rixin Token launch share ranks third, after Pump.fun and Raydium

From the above, we can see that Meteora has certain advantages in liquidity and daily token launch, but has shortcomings in trading volume.

The launch of the M3M3 launch platform can not only consolidate Meteora’s product advantages in LP and new tokens, but also stimulate the growth of platform trading volume. It is an excellent strategy that kills two birds with one stone.

3.How should we view $M3M3?

First of all, the attribute of $M3M3 is MeMe coin, not the platform coin of M3M3.

Secondly, it is obvious that $M3M3 is an atypical MeMe coin. Its valuation method is not based on the attention economy and market sentiment flow as the main dimensions, but mainly considers its APR and potential airdrop return rate.

Based on my recent on-chain MeMe coin PVP experience, I am not particularly optimistic about the new MeMe coin launch paradigm such as M3M3.

Because what really makes MeMe coin attractive is the addictive mechanism of instant feedback (quick doubling or drilling into the ground), high volatility (intraday fluctuations often range from -90% to +10000%) + uncertain return rate.

This is a kind of Dionysian carnival, and calculating APR and potential airdrop returns is too rational, belonging to the Japanese culture, and is incompatible with the MeMe coin market environment.

Summary: Treat $M3M3 as a tool for making money, and don’t take it as a serious MeMe coin.