The Ethereum-based KEKIUS market cap exploded to $380 million on Jan. 1 before falling to $100 million after Musk changed his profile name and photo back.
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Memecoin interest in 2024 was largely directed to Solana-based tokens, followed by those on Coinbase’s blockchain Base, according to a CoinGecko study.
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Despite having no intrinsic value, memecoins have created many new millionaires among crypto investors.
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The unknown crypto trader only invested $3,000 into a new Solana-based memecoin before its price rally.
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Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline.
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