If there’s one thing that crypto enthusiasts love more than the digital assets themselves, it’s memes.that the US Securities and Exchange Commission will authorise exchange-traded funds that invest directly in Bitcoin pushed the largest crypto by market value up by more than 25% over the past two weeks to around $35,000 on Wednesday — its highest level in about 18 months.in his own defence of criminal charges stemming from the collapse of his crypto exchange FTX. He has pleaded not guilty.
“The bear market put a dampener on meme activity, especially in terms of market value, but it stayed quite lively anyway,” Noelle Acheson, author of the Crypto is Macro Now newsletter, said. Dogecoin, often cited as the first memecoin, was valued at as much as $50 billion in 2021, according to data provider CoinMarketCap.com.
Now, there are hundreds of memecoins that range from being worth almost nothing to having market values of $100 million or more.