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Meme Lords of Wall Street Unleash Crypto Chaos: Your Money’s About to Get Meme’d Into Oblivion

A  illustration depicting a chaotic scene on Wall Street, where people dressed as Dogecoin characters are running wildly holding hands, surrounded by giant screens displaying the meme-inspired cryptocurrency logos with skyrocketing price charts and flames of chaos in the background.

The ‘Meme- Inspired Crypto Hype Machine’: How Memecoins are Making a Quick Buck (and Leaving Investors High and Dry).

Source: cointelegraph

For most of 2024, the crypto markets' liquidity has been kept up through trading memecoins. According to a CoinGecko report, memecoins were the most popular narratives in the second quarter of 2024, capturing 14.3% of the market share. The numbers were very similar in the first quarter. These cryptocurrencies rely on fun communities and a brand of humor known as memes to attract users and traders. Through these memes, people […]

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