It's true that people always have interested in memecoin. I heard many strange memecoin names. i avoided those and was launching at corner. But it seems revolution happened in memeocin industry in the start of 2023. In that yeat, a lots of memecoin had come in crypto market and made people millionaire. Pepe, Bonk, Meme and so on. and in 2024 WIF and BOME again have created hype and made people millionaire again. Now memecoins are in demand due to the possibility of higher returns. And it makes people crazy. What's your opinion about this?
Now I have agree that many people interested with meme coin. But for me, I dont interested with any meme coin which dont have any feature or utility.
Many coin which have features and utility, and finally they can not survive.
I too always avoided Meme coins as they had no utility, use case or uniqueness. I might have held dogecoin in the past as a cheap coin to transact but most of the meme coins now are as tokens and are purely skeptical. Even though I ignored them for long, they seem to be coming and coming and getting relatively more success than utility tokens I'm invested on. The latest BOME hype finally broke me. 49% of BOME is held by an address tagged Binance and overall 70%+ of them are held by exchange tagged wallets. I'm not sure if they are the actual holders but the way the coin have been listed to Tier A exchange makes me believe there's something big going on this meme coin.