$ANSEM Rips to $100M in 24 Hours - But Can It Actually “Save the Trenches”?

Ansem has united Solana’s trenches, consolidating what was left of the memecoin economy into the fabled $100M runner. 

Having roared to over $100M within 24 hours, $ANSEM has reminded the embattled memecoin trenches of the “1 $SOL and a dream” thesis, with several wallets netting extraordinary profits from small investments.

While Solana’s memecoin traders have flipped euphoric, some commentators argue that $ANSEM’s success is dragging the network back into its “celebrity coin” meta. Critics have questioned the motives and downstream effects of the $ANSEM run, which, in their words, has drawn liquidity and attention away from sustainable onchain businesses and does nothing to progress the industry.

$ANSEM: The Fabled $100M PvE Runner?

One of crypto’s biggest traders has once again put his weight and influence behind a memecoin, sending $ANSEM, or ‘The Black Bull’ from a valuation of $183k to highs of $107M in 24 hours. The frenzy began after Clive_99, an onchain trader, suggested that Ansem launch a token on pump.fun, then use creator fees to airdrop to holders.

After recently calling the bottom on $SOL and encouraging Solana traders to “return to memes”, Ansem invited traders to follow his pump.fun account, from where he would airdrop followers using the coins that deployers would send him.

$ANSEM, or the ‘The Black Bull’, became one such token. Coined after Ansem himself, who historically backed Solana in the midst of the 2023 bear market and pushed $WIF to its all-time high of $4B, $ANSEM has attracted over $65M in 24 hour volume. Originally launched on June 16, Ansem’s pump account was given around 60% of the circulating supply.

For Solana’s devout memecoin traders, the $ANSEM run represents the allure of ‘trenches’ and the promise of ‘1 $SOL and a dream’. 

Early buyers of the asset have netted hundreds of thousands in profits, finding themselves up significant amounts of money through harnessing the memetic value of speculation and attention.

At press time, $ANSEM currently trades at a fully diluted valuation of $96M, and is held in over 26,000 wallets.

Ansem Delivers the Liquidity Event Promised by pump.fun?

Beyond garnering the support of one of crypto twitter’s biggest traders, $ANSEM’s success has been amplified by the mounting frustration directed towards pump.fun. After promising its users that an airdrop was coming “soon”, following its July 2025 TGE, pump.fun has so far failed to live up to its promise and reward Solana’s memecoin traders.

Leveraging his influence and good-standing among onchain traders, Ansem is using the token’s success to pressure pump.fun into completing their long awaited airdrop. 

As promised, holders are reportedly receiving significant drops in both $ANSEM and newly launched betas, with onchain data suggesting millions has already been distributed. 

Despite Ansem’s supposed frustration with pump.fun, $ANSEM’s explosive weekend has only driven traders back to the application in droves. Blockworks data indicates that PumpSwap daily trading volume climbed 89%, rising from $147.1M to $278.9M.

Meanwhile, Dune Analytics data suggest that over 1.4M wallets interacted with PumpSwap on Sunday, marking a new all-time high for the DEX.

Cynics and speculators have suggested that the launch is a coordinated effort to generate hype and momentum ahead of a genuine $PUMP airdrop.

$ANSEM Success Spawns Copycats

Memecoin traders across the Solana Ecosystem have celebrated the $ANSEM run, prompting calls for a return to the fabled memecoin supercycle that put Solana on the map in 2024 and 2025. 

Desperate not to let an opportunity slip them by, KOLs and trading influencers have attempted to recreate $ANSEM’s success, with dozens of onchain traders launching their own ‘airdrop meta’ equivalents.

While Solana’s memecoiners are overjoyed with the return of a $100M runner, voices across the crypto industry are lamenting the resurgence of speculative attention markets. Critics argue that $ANSEM has done nothing but draw liquidity and attention away from the real onchain businesses, and instead is simply cycling funds through existing users without successfully onboarding new capital into the onchain economy.

At press time, $ANSEM currently trades at a fully diluted valuation of $96M, and is held in over 26,000 wallets.

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