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Memecoins: Culture, Trade, or Casino?
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1 Articles
Memecoins: Culture, Trade, or Casino?
You’ve seen the screenshots. Someone turns $200 into $80,000 overnight. A coin named after a dog, a frog, or a sitting US president spikes 4,000% in 72 hours. Your group chat loses its mind. That’s the memecoin cycle, and it’s been running on repeat since Dogecoin turned a joke into a $88 billion market cap in 2021. By 2024, the total memecoin market hit $150 billion. Tens of thousands of new tokens launched every single day. So what are you act…
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