- Head of YZi Labs said that meme coin popularity has waned due to a lack of solid underlying value
- The meme coin market capitalization has fallen since November 2024
- SEC recently indicated that meme coins are not considered securities
The meme coin party might be over as investors seem to be shifting from speculative meme coins on to digital assets with strong foundations.
Ella Zhang, Head of YZi Labs (a blockchain investment firm), told BeInCrypto that while community-led narratives initially offered more equitable investment opportunities, their popularity has waned due to a lack of solid underlying value.
According to Zhang, the initial allure of meme coins is diminishing as the market matures. Investors are becoming more discerning, seeking projects that demonstrate real-world applications and long-term viability. They want to see real value, not just viral trends.
Meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), gained prominence primarily through viral internet culture and endorsements from high-profile figures. However, recent analyses indicate a decreasing interest in these assets. Per YZi Labs, meme coin market capitalization has fall…
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