Record 138 Meme Coins Listed on CoinMarketCap in April, Chasing Fast Money with PEPE and WIF
In April, CoinMarketCap listed a record 138 meme coins, with fast money chasing after tokens like PEPE and WIF. Despite the stalled rally in Bitcoin, the meme coin season continues to grow, with a combined market capitalization of over $50 billion for the 2,229 meme coins listed on CoinMarketCap. While meme coins are often criticized for lacking utility, they are popular due to their potential for value appreciation, democratic accessibility, and entertainment value. Some experts, like Arthur Hayes, see meme coins as a positive driver for the blockchain ecosystem, bringing attention and more engineers to the space.
Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.
