Memecoins are becoming a serious investment category. Memecoins mean business now.
Opinion by: Charles Wayn, co-founder of Galxe
Looking at the current financial market landscape, one might reference Camus, who wrote, “The realization that life is absurd cannot be an end, but only a beginning.” This sentiment applies perfectly to the realm of memecoins.
This couldn’t be truer in light of the launch of US President Donald Trump’s official memecoin, TRUMP, which gained over a single weekend more than $12 billion in market cap, placing it 21st among all cryptocurrencies. We also have the launch of MELANIA, his wife’s memecoin, which, along with TRUMP, has broken the Solana blockchain at the time of writing. There is little doubt now that memecoins mean business. Nonetheless, memecoins are often ridiculed by the traditional financial world, which has a hard time wrapping its head around Dogecoin’s market cap, which stands at $56 billion, surpassing Volkswagen’s market cap of $48 billion. Volkswagen has been around for 86 years.
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