**Crypto News Flash: Memecoins Surge in 2024**

Memecoins have taken the crypto world by storm in 2024, with their market cap soaring from $23 billion to over $60 billion. Platforms like Pump.fun on Solana have simplified memecoin creation, turning fleeting viral moments into tokens.

**Highlights:**

- **Fartcoin (FART):** Launched in October, this joke token hit a peak market cap of $1.31 billion, buoyed by a mention from Stephen Colbert. It's now valued at around $860 million.

- **Woman Yelling At Cat (WYAC):** Created by Taylor Armstrong, this token peaked at $52 million but has since dropped below $4 million. Armstrong uses it to raise awareness for domestic violence.

- **Peanut the Squirrel (PNUT):** Dedicated to a viral squirrel, PNUT reached $2.27 billion before falling under $650 million.

These tokens highlight the blend of internet culture and financial markets, where absurdity can lead to unexpected gains.