The recent surge in memecoins has captured significant attention, driven largely by social media endorsements, particularly from Elon Musk. Memecoins, a type of cryptocurrency often created as a joke or based on internet memes, have seen substantial increases in value. One notable example is the Department of Government Efficiency (D.O.G.E.) memecoin, which has been gaining traction. Musk's frequent tweets about Dogecoin (#DOGE) continue to influence the market, leading to high valuations for various memecoins. The phenomenon has sparked discussions about the sustainability and legitimacy of these digital assets, especially among traditional startup founders. Additionally, there is a growing trend of NFT memecoins and an artist who launched a memecoin based on his raps, with communities like Discord supporting these ventures.