a16z Crypto CTO Eddy Lazarrin posted on social media that Meme coins have changed the public's, regulatory agencies', and entrepreneurs' views on cryptocurrencies. It looks like a risky casino or a series of false promises covering up a casino, which deeply affects the behavior of adopters, regulators/lawyers, and builders. I see these disruptions every day, and you should too.

According to market data, the Meme coin sector has generally fallen, with the following changes:WIF 24H decreased by 17%, currently reported at 3.4 USDT;PEOPLE 24H decreased by 12.28%, currently reported at 0.03537 USDT;BOME 24H decreased by 11.63%, currently reported at 0.012371 USDT;PEPE 24H decreased by 11.33%, currently reported at 0.00000681 USDT;FLOKI 24H decreased by 10.48%, currently reported at 0.00019015 USDT;BONK 24H decreased by 9.91%, currently reported at 0.00002163 USDT;1000SATS 24H decreased by 8.88%, currently reported at 0.0004574 USDT;MEME 24H decreased by 7.86%, currently reported at 0.035879 USDT;ORDI 24H decreased by 7.11%, currently reported at 69.21 USDT;DOGE 24H decreased by 6.89%, currently reported at 0.18626 USDT;SHIB 24H decreased by 5.56%, currently reported at 0.00002702 USDT.

According to IntoTheBlock data, the total market value of meme coins has almost doubled in 2024, making the market value of memecoins exceed 56 billion US dollars.

Memecoins, the intersection of digital currency and internet culture, have captivated participants throughout crypto cycles. Once again, they have captured the zeitgeist for their approachability, viral spread, and alluring potential for lucrative returns.

The market shows that BOBAOPP opened at 0.001 US dollars, and is now trading at 0.0006568 US dollars with large market fluctuations. Please be prepared for risk control.

The market shows that DEGEN, a Meme coin on the Base chain, has short-term breakthroughs of 0.03 USD and is currently priced at 0.027 USD, setting a new historical high.

Blockchain analyst @ai_9684xtpa monitored that the address 0xc48...6e52E, known as Smart Money, bought in at the first time when MFER was launched and has accumulated a profit of $1.75 million, with a return rate of up to 2200%. Within 20 minutes of MFER's open trading, this address spent 20.9 ETH and 496,000 HIGNER to buy 8.4 million tokens, worth $79,000, with an average cost of $0.009469. Three hours ago, he sold 2.88 million tokens, earning $461,000, and the remaining part has a floating profit of $1.29 million.

According to Lookonchain data, a trader spent 0.4 ETH (US $1,400) and made a profit of 1.4 million US dollars in just 10 hours, with a return of 995 times. The trader bought 16.07 million MFER with 0.4 ETH (US $1,400) and sold 14.5 million MFER with 286 ETH (US $1 million). Currently, the trader still holds 1.58 million MFER, worth US $396,000.

Ten years ago, two weeks before the Ethereum project was publicly announced, I published this post on Bitcoin magazine arguing that issuing coins could be a new way to fund important public projects. The thinking went: society needs ways to fund valuable large-scale projects, markets and institutions (both corporations and governments) are the main techniques that we have today, and both work in some cases and fail in others. Issuing new coins seems like a third class of large-scale funding technology, and it seems different enough from both markets and institutions that it would succeed and fail in different places - and so it could fill in some important gaps.

The next big thing may start out by piggybacking off a popular memecoin