Discover How Memecoin Market Rockets Over Memecoin ManiaThe meme‑token locomotive is roaring again. Data from CoinMarketCap show the total memecoin market cap briefly hit $79 billion on July 18?up 43 % from just $55 billion at the end of June and the highest level since late 2024.
The spike extends a month‑long rally fueled by viral presales, community hype and the rise of Solana‑based launchpads that mint new dog‑and‑frog coins almost daily. Yet while retail traders celebrate eye‑popping returns, industry veterans are sharply divided about what the comeback means for crypto?s long‑term health.
Two Very Different Takes on Meme‑Coin Fever
?Capital has nowhere better to flow.?
Anthony Anzalone, CEO of layer‑1 network Xion, slammed the boom as a sign of misplaced priorities:
Memecoins do a phenomenal job of destroying the reputational work many builders have put into legitimizing this industry,? he told Cointelegraph, arguing the rally shows investors ?don?t have anywhere better to put their money.
?Still the most attractive segment.?
By contrast, the pseudonymous community lead ?S? from Neiro called meme tokens ?hot, marketable and easy to understand,? noting projects like Floki and Pudgy Penguins now pair culture with real tech. ?When markets hint at positivity, memecoin aficionados rush to deploy capital,? S said.
Petr Kozyakov, CEO of payments firm Mercuryo, struck a middle ground, crediting sentiment and Bitcoin?s new all‑time high for flipping the ?memecoin mood? decisively bullish.
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