Solana-fueled ‘memecoins to billions’ – Here’s what this exec has to say

Key crypto figures blame the SEC and TradFi for the meme frenzy.At the time of writing, the community-drivento become the third largest memecoin by market cap.The ecosystem now boasts two unicorn memes, WIF andOut of the $67 billion memecoin total market, the Solana ecosystem accounts for $8 billion, translating to about $12% stake.Memecoins are now billion-dollar gems to seasoned speculators.

“But without a hungry hoard of retail buyers who are excluded from investing earlier at much cheaper prices, there would be no buying pressure to create a successful IPO. That is why retail participation must be saved for the end and not the beginning of the fundraising lifecycle.” Retailers are excluded from discounted prices so that companies can dump shares at them during the IPOs .

On the contrary, crypto allows any retailer to join early, like during the Ethereum ICO , yield farming, points, etc.that trading Slerf and BOME is “more fun” than “negatively yielding bonds.”: “Meme coins are really just communities of traders that have agreed to compete to take each other’s money using price action.”

Despite what drives them, memes are now billion-dollar gems and have outperformed some legacy projects in Q1. However, they need great due diligence because they are not risk-free.

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