Meme Coins Are Crypto’s Wildest Moneymaking Craze
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Good morning,
Imagine you could create your own cryptocurrency in just a few clicks, with a nonsensical theme like a dog wearing a knitted cap.
Welcome to the $100 billion market for meme coins, crypto’s wildest—and dumbest—moneymaking craze. Nearly 13 million coins have already been created in 2024. MarketVector’s Meme Coin Index, which tracks the performance of the six largest meme coins, has soared 215% year to date, more than double bitcoin’s gain. The best-known meme coin, Dogecoin—inspired by a Shiba Inu dog—is the sixth-most-valuable cryptocurrency in the world.
But it’s not for the faint of…
