Memecoins and social tokens are experiencing significant growth, reflecting a broader market shift towards consumer-focused applications. This trend is part of what some are calling the 'memecoin supercycle' or 'Solana Summer.' Memecoins have become a cornerstone of the crypto economy, evolving from niche internet jokes to significant financial instruments. Polymarket, a platform for betting on real-world events with crypto, saw a record $63 million in trading volume in May and is on track to surpass that in June, with more than $10 million already traded and 7,500 users participating in the first five days. This surge in activity highlights the growing interest in consumer crypto trends and the potential for significant financial gains in these emerging markets.