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There are three certainties in cryptocurrency life.

Hacks, taxes, and meme currencies are associated with every more or less interesting aspect of popular culture.

So, with US social media users preparing for a possible life without TikTok, it's no surprise that there is already a memecoin.

The Supreme Court is currently Considering a bipartisan bill passed last year that would force TikTok's owner — Chinese tech giant ByteDance — to sell the app to a US company by January 19, citing national security concerns about influence and espionage.

It was in the beginning belief That ban would mostly benefit Meta and Google. Meanwhile, Xiaohongshu, or RedNote, a Chinese app similar to Instagram and backed by Tencent and Alibaba, has been flooded by so-called “TikTok refugees.”

In RedNote (and a number of other native apps), there is strict content moderation and CensorshipThe default username was "momo".

Younger Chinese netizens are on the receiving end adopted Surname with A Cute pink dinosaur mascot, after they discovered they could post more freely without using their real names online.

It's no surprise, then, that the Solana memecoin MOMO — which initially launched via Pump.fun in October — has increased 160x in the past three days.

MOMO is still small, with a market capitalization of less than $5 million, and it took less than $40 million in volume to reach its new valuation.

However, it is enough that MOMO has now returned about half of what its leading AI client coin AI16Z has returned. AI16Z has generated about 295x since its launch in October, about two weeks after MOMO's launch.

For what it's worth, I searched RedNote and didn't find much cryptocurrency content other than bitcoin and major meme currencies like shiba inu (and a lot of Pepe).

This clearly makes the app fertile ground for the fastest growing digital export in the US: onchain decadence. They simply won't know what hit them.

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