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All cryptos are memecoins... some just aren't that funny 🤷♂️ https://t.co/k3P7Dq4FoH
Memecoins - whether you're a fan or not - have become a cornerstone of the crypto economy... In today's market, they're one of the most powerful narratives out there. At @galaxyhq we estimate that memecoins on permissionless blockchains have an aggregate market cap of more than… https://t.co/wihxYIPwxi
The total market capitalization of meme coins currently stands at $60 billion, according to a June 11 report by CoinMetrics. In March, meme coins recorded $13 billion in spot trading volumes on exchanges, surpassing Ethereum and Solana. Despite centralized token holdings, meme coins have reshaped the crypto landscape. Mike Novogratz from Galaxy Digital highlights that meme coins have become a cornerstone of the crypto economy, with a significant presence on permissionless blockchains.