Memecoin Market Cap Soars to $56 Billion Amidst Trading Frenzy
The total market capitalization of memecoins in the cryptocurrency space has now topped the $56 billion mark after the value of these tokens nearly tripled since the beginning of this year, amid a memecoin mania that has seen traders make and lose fortunes in days. According to IntoTheBlock’s Q1 2024 On-Chain report, demand for memecoins…