What can you say about this news?
in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence.
Most of the time, Meme coin value is just being faked pump using the money injected by the VC on the exchange order book. You will notice that most of the successful meme coin project usually have popular VC behind it that fund the project for initial expenses through marketing and coin liquidity. All this meme coin pump is due to VC manipulation that attracts retail to buy and follow the trend that’s why meme coin dump is brutal especially if the big investors already take profit and leave retails alone.
However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.
If we are only being serious here without the influence of hype. Reading the meme coin goal in the website is obviously sounds like a scam yet people preferred to ignoring it since they are looking only on the price.