Memecoin mania has swept crypto, particularly Solana, and SideShift founder Andreas Brekken weights on whether they are overall positive or negative for crypto.
The crypto bull market is back, and with it comes everyone’s favorite — or least favorite — symbol that euphoria is returning: memecoins.
Headlines have been abuzz with wild stories of traders turning relatively modest sums of money into multimillion-dollar jackpots by getting in early on a token that ends up exploding. But for everyone who hits a major payday, there is inventively someone else who loses tons of money by betting too much on the wrong coin.
It seems like everyone has a strong opinion on memecoins, whether they think they bring a sense of joy and fun to crypto that is often missing or think they distract from the real-world issues blockchain seeks to solve.