Meme Coins Skyrocket: From Jokes to Utility-Focused Projects

Once confined to internet culture as whimsical creations, meme coins have taken center stage in the cryptocurrency landscape. These tokens have experienced explosive growth over the past year, with some even surpassing gains of 19,000 percent. This surge has propelled their combined market capitalization past $74.9 billion US dollars, accounting for around 2 percent of the entire crypto market. Notable performers include SPX6900’s impressive rise of 19,133 percent, GIGA at 18,740 percent, and POPCAT’s over 2,200 percent gain.