The memecoin frenzy in the digital-asset market continues unabated, with trading volumes reaching levels not seen since before the last crypto bubble burst over two years ago. According to Kaiko, trading volume for the top crypto memecoins hit approximately $80 billion in the past week, marking the highest point since October 2021. The total market value of memecoins has now surpassed $60 billion, with some reports indicating the market cap exceeding $50 billion. This surge occurs despite the highest interest rate levels across major central banks in two decades, signaling a potentially uncharted market territory. Additionally, prominent firms like Andreessen Horowitz and Haun Ventures, with Andreessen actively deploying a record $4.5 billion fund raised in May 2022 according to General Partner Arianna Simpson, are significantly investing in the crypto industry, which is currently experiencing a resurgence, highlighted by a new all-time high for the price of Bitcoin and fresh funding deals for startups.