The cryptocurrency market is experiencing what many are calling a 'memecoin supercycle.' This trend is characterized by a surge in the popularity and value of memecoins, which are cryptocurrencies that often start as jokes but gain traction among retail investors. The current supercycle is being driven by coins that are decentralized and distributed in innovative ways. Solana, a blockchain platform, is playing a significant role in this cycle, with its native coin being a major participant. The memecoin BONK is credited with starting this latest surge. This is the fourth such cycle in the current bull market, following the rise of Pepe in 2023. The supercycle began when Solana was valued at $10 billion FDV.