The hype of room-temperature superconductor triggers the meme token craze of LK-99 Is it innovation or ‘cutting-edge’?

The hype of room-temperature superconductor triggers LK-99 meme token craze Innovation or 'cutting-edge'?

Author: André Beganski, Decrypt; Translation: Felix, LianGuaiNews

With the discovery of a “room-temperature superconductor” called LK-99, excitement for superconductivity has sparked the imagination of the scientific community and its decentralized scientific (DeSci) movement related to cryptography. As expected, many Memecoins have emerged, just like other hyped topics.

LK-99 is the name of a material that reportedly exhibits “superconductivity” at temperatures as high as 400K (127°C), as discovered by a group of South Korean scientists last month. While other scientists are attempting to reproduce the results of the paper, this could be a big deal for humanity. This so-called advancement could usher in a new era of technological innovation: an era that could completely transform battery storage, drive nuclear fusion, and enable the widespread use of quantum computers.

However, these details may not be as important to crypto degens. The community that has recently been fascinated with on-chain hamster racing games (such as HAMS and JIM) has now given birth to several Meme tokens with LK-99 themes that can be traded on DEXs.

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As the potential impact of LK-99 in reshaping the world becomes more apparent, it is undoubtedly the case that someone has deployed a Meme token with a similar name on the blockchain. In fact, at least a few people have done so.

“LK-99,” “Superconductivity,” and “LK-99 Protocol” are three examples of Meme coins with a superconductor theme that have been rising since their launch. Magnetic levitation, known as the “Meissner effect,” is considered a hallmark characteristic of superconductors. Each token shares the same name: LK99. However, each token is distributed on different networks and DEXs, such as Ethereum, Binance Smart Chain (BSC), or Ethereum Layer2 scaling solution Arbitrum.

The “LK-99” traded on the decentralized exchange LianGuaincakeswap has risen by 46% in the past day, with a trading volume of approximately $1 million. Among these three Memecoins, “LK-99” is the most recently released, launched on August 5th.

The “Superconductivity” traded on Arbitrum-based Uniswap V3 was launched on August 1st. It is the smallest in scale among this batch of Memecoins, with a market value of $52,000. In the past day, the token has seen a 36% increase with a trading volume of $45,000.

The “LK-99 Protocol” was launched on Ethereum-based decentralized exchange Uniswap V2 on August 1st. According to CoinGecko’s Gecko Terminal data, the protocol rose to $0.01 after its launch, reaching a market value of $1.7 million.

Superconductors seem unlikely to be seen as an area with Meme value. Tokens like Dogecoin and Pepe have reached astonishing heights due to their origins in internet pop culture. In the field of superconductivity, the concept of materials that allow electrons to flow with zero resistance and without producing heat does sound exciting. However, the discovery of room-temperature superconductors like LK-99 has yet to withstand scrutiny. The Korean Superconductivity and Low Temperature Society has issued a statement that there is not enough evidence to prove that LK-99 is a room-temperature superconductor. Whether LK-99 will achieve room-temperature superconductivity in the future remains to be seen. Therefore, as the scientific community’s LK-99 seems unable to be independently reproduced, the value of Memecoins also seems to be heading towards its demise.

Memecoin has high volatility, users should be aware of the risks. The aforementioned superconductive Meme tokens do not constitute investment advice, DYOR (Do Your Own Research). After all, there are numerous cases of Meme coins collapsing. Last week, “BALD” attracted a wave of attention in the market, but its collapse was as fierce as its initial surge.

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