Disclaimer: This article is not financial advice, only sharing personal experience and thoughts; also, I am a holder of $HuHu, please do your own research (DYOR) before proceed reading. (X: @Void2Legend)

$HuHu is the hottest meme coin on the Bitcoin layer2 network MerlinChain. Just 15 days after deployment, it has seen a daily trading volume of $1M for seven consecutive days, with a peak fully diluted valuation (FDV) of $12.5M. The number of coin holders has increased from over 4k to over 8k within two days; essentially, whether it’s the liquidity pool, trading volume, or active addresses, it occupies nearly half of MerlinSwap's volume, securing the top spot.

As an experienced crypto nomad who moved from the foggy ETH ecosystem to the BTC ecosystem, before getting on board with $HuHu, I mingled in the Chinese and English communities of MerlinChain, MerlinSwap, and HuHuCat for a while. I have some thoughts to share with the community buddies before the HuHu community had matured. And this is a special timing: Before the asset staked on MerlinChain was unlocked (Positive News), right after the $VOYA airdrop on MerlinSwap (Not Sure, but $VOYA is distracting).

“History Repeats” 

• ETH - $Shib

• BNB - $Floki

• SOL - $Bonk

• BTC - ? （$HuHu)

You might say that on BTC, there are also tokens with ten-thousand-fold potential, all inscription-like Ordi, Sats, Rats; that's right, the BTC community believes that inscriptions are key. But my friend, that's the revelry of OGs and mindless bandwagoners, not for those of us familiar with the ERC20 protocol who are still puzzled about how a few characters inscribed on a Sat are accounted for. So I would say, for those leeks (a term for newbies or losers in investment) coming from the ETH ecosystem, they will definitely take notice of $HuHu - because here there is a familiar formula, a familiar taste.

Opening DeFiLlama, one can see just how explosive the activities of Merlin Seal are; it has single-handedly united the new and old ecological forces of the BTC community, pulling up the staking volume of BTC. If we calculate the chain separately and include the staked inscription assets, MerlinChain's Total Value Locked (TVL) has already approached 2 billion dollars, soon to be arm-wrestling with Solana - this is the environment where $HuHu grows, this is the source of liquidity.

The official cross-chain bridge Meson, in partnership with MerlinChain, announced that by the end of February, stablecoins staked on Merlin Seal could be mapped into M-tokens, which means they are available for purchase. In March, the second phase of Merlin Seal will incorporate more native BTC assets; following that, in April, after verifying security, MerlinChain will open up interoperability with other ecosystems. (For details, check out the respective Twitter accounts.)

To become a whale, one might only need a single bull market, or perhaps just 1-2 cryptos. It remains to be seen whether this enormous wealth can be caught on MerlinSwap. Here are the key points:

• In the next 1-2 months, nearly 2 billion dollars of liquidity will be released within the Merlin ecosystem.

• MerlinSwap, currently the most feature-complete on the Merlin chain, has seen the emergence of the top meme coin $HuHu.

• $HuHu was one of the earlies token deployed on the testnet (showing its meme characteristics, suspecting made by core-dev of MerlinSwap).

• No official project team, initially all tokens were added to liquidity (the last one to do this was $ShiB).

• Cat lovers around the world are all one family;

The pre-deployed meme's narrative is appealing, the Ragdoll cat image is lovely, the thickest liquidity pool, and the buzzing vibes from MerlinChain. Now, most of the dragon balls are collected, there is one left for HuHu to call out the dragon, to become the top meme on the BTC L2 - The Unity of Communities

“meme it until you make it”

"The Unity of Communities" deserves its own separate discussion to interpret the topic - A 100x $HuHu empowers Merlinchain become a legend in BTC ecosystem. Three forces are needed: MerlinChain, MerlinSwap, and the HuHu community.

With $HuHu's market cap fluctuating around $10M, we can see that the funds currently entering HuHu are actually from small individual investors. Single transactions of approximately 0.01-0.05 BTC from the ETH ecosystem, such as Arb/BNB, cross into the Merlin ecosystem via the Meson cross-chain bridge. With not enough funds to participate significantly in Merlin Seal, they are limited to brushing up interactions in search of potential airdrops and have not yet formed a strong buying force. These small investors have a clear objective: to buy the "golden dog" and get the "golden shovel."

Large volume funds mostly enter Merlin Seal directly from the BTC ecosystem through the official bridge, and their target is $MERL, which is MerlinChain's governance token. These funds are betting on MerlinChain's ability to enter the $10B level public chain table directly. The primary concern for large volume funds is the safety of their capital while seeking a stable return within a reasonable range. Therefore, the returns for large volume funds are linked to the overall growth rate of the MerlinChain ecosystem.

Situation is clear:

• MerlinChain is like an "industrial park," earning land rent and service fees, needing to attract investment (engaging in staking, dealing with stablecoins).

• MerlinSwap is like an "playground" on that land, collecting admission fees and transaction fees, needing more turnover and entertainment facilities (organizing events, listing new coins).

• The users are the "players," participating with their wallets, seeking profit or excitement, needing dreams of real wealth, and fresh gameplay.

Currently, the only one that can satisfy all three parties' needs is $HuHu. HuHuCat is the signature store of this industrial park and amusement playground, catching the eye and making it impossible not to stop by and take a look.

The biggest misconception in promoting blockchain is advertising the technological sophistication to retail investors, who often can't even get a clue after all the talk. The shortest path for an individual to enter MerlinChain is simply "go buy $HuHu, the first meme coin of the Bitcoin second layer." Naturally, in the process of buying, they become familiar with BTC wallets or EVM wallets, research cross-chain bridges, etc., and gradually become a part of the ecosystem. It's not about educating or debating with them whether MerlinChain really counts as a Bitcoin layer2 or whether using bitVM is better than zkEVM. In the end, no matter what technology is used, if it meets market needs, it is progress, at the very least filling a gap. The same logic applies to promoting MerlinSwap; talking at length about how good and how potential-filled the ecosystem is less effective than directly engaging with the most potential-filled meme.

Therefore, all three parties just need to play their respective roles well, cooperate with each other, and work together to make $HuHu the leading meme and calling card of the Merlin ecosystem. With a continuous stream of traffic against the backdrop of a bull market, the pie gets bigger, and everyone is happy. MerlinChain is still young and needs to grow; we need to be patient and let the bullets fly. There can be many good assets in this ecosystem, but "from the Dao comes one, one produces two, two produces three, and three produces all things." Let's work together to excel at being number one first.

"A thousand spectators, a thousand Hamlets"

In conclusion, regarding the future possibilities of $HuHu. Meme coins are never a fixed form; their future and vitality come from the community, from the soil they grow in. MerlinChain's inspiration comes from BitMap's startup team's profound insights into the liquidity dilemma of BTC assets after deep cultivation in the BTC ecosystem. The community and its partners have all shown extraordinary innovative thinking and the ability to implement it. After absorbing such nutrients, the HuHuCat community should be able to make breakthroughs. They have a range of Bitcoin community practices to choose from, such as BRC20, BRC420, recursive inscriptions, Runes, Atomics, etc., and even like ERC721, ERC404 are also in the choices selection. With the enhancement of technologies like AIGC, there are not many technical barriers, so we can look forward to further developments with great anticipation.

Here, I would like to pay tribute to the volunteers in the community. It's your enthusiasm for organizing the latest information, creating various memes, the latest guides, and spontaneously managing group order across different time zones. Volunteers please contact me (X: @Void2Legend), I am willing to contribute some $huhu for the effort of social media promotion. Also, I ask friends who read this article to please forward it to supporters of the MerlinChain or MerlinSwap ecosystem, to create a better future together with the huhucat community.

These are social media accounts I found that managed by the communities：

• Tele_EN：https://t.me/huhucatmerlin

• Tele_CN：https://t.me/huhu_cn

• Twitter: https://twitter.com/HuhuCommunity

• Website：https://www.huhucat.com

• Discord：https://discord.gg/huhucat

HuHu, Future is here !