Have you heard of memecoins? They're cryptocurrencies based on internet jokes or memes! They've become super popular, even though some people think they're risky. This news talks about how memecoins are changing the cryptocurrency world.
- Memecoins started as a fun thing, but now they're a big part of the crypto market.
- They're driven by how popular they are, not just their usefulness like other cryptocurrencies.
- They can go up or down in price very quickly, so it's important to be careful.
- Some people think memecoins are too risky, while others think they're the future.
- Making memecoins more organized and transparent could help them last longer.
| Fact | Number |
|---|---|
| Memecoins' share of trading volume on Raydium (November 2024) | 65% |
| Market cap of a memecoin after Elon Musk changed his profile (briefly) | $380 million |
| Market cap of the same memecoin after Musk reversed the change | $100 million+ |
