Discover How Memecoin Market Rockets Over Memecoin Mania
The memeâtoken locomotive is roaring again. Data from CoinMarketCap show the total
memecoin market cap briefly hit
$79âŻbillion on JulyâŻ18âup 43âŻ% from just $55âŻbillion at the end of June and the highest level since late 2024.
The spike extends a monthâlong rally fueled by viral presales, community hype and the rise of Solanaâbased launchpads that mint new dogâandâfrog coins almost daily. Yet while retail traders celebrate eyeâpopping returns, industry veterans are sharply divided about what the comeback means for cryptoâs longâterm health.
Two Very Different Takes on MemeâCoin Fever
âCapital has nowhere better to flow.â
AnthonyâŻAnzalone, CEO of layerâ1 network Xion, slammed the boom as a sign of misplaced priorities:
Memecoins do a phenomenal job of destroying the reputational work many builders have put into legitimizing this industry,â he told
Cointelegraph, arguing the rally shows investors âdonât have anywhere better to put their money.
âStill the most attractive segment.â
By contrast, the pseudonymous community lead âSâ from Neiro called meme tokens âhot, marketable and easy to understand,â noting projects like Floki and PudgyâŻPenguins now pair culture with real tech. âWhen markets hint at positivity, memecoin aficionados rush to deploy capital,â S said.
PetrâŻKozyakov, CEO of payments firm Mercuryo, struck a middle ground, crediting sentiment and Bitcoinâs new allâtime high for flipping the âmemecoin moodâ decisively bullish.
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