In the cryptocurrency space, a new craze is quietly emerging - Memecoin is entering a so-called "super cycle." This term not only heralds the upcoming major events, but also inspires the expectations and imagination of countless investors.


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The rise and current status of memecoins

The entire memecoin market has exceeded the $53 billion mark, accounting for 2.3% of the entire cryptocurrency market. Since Pump.fun came out in early 2024, it has spawned about 2.3 million memecoins. However, despite the large number, there are only a few memecoins that really bring rich returns to investors. Data shows that more than 64% of Pump.fun traders on Solana are in a loss or break-even state, and only a very few lucky ones can earn more than a thousand dollars in profits, and even fewer can realize the dream of a million dollars.

The charm and controversy of memecoin

Mahmudov believes that memecoins are attractive because they give people hope, fun, identity, belonging, and emotional connection. Memecoins not only reduce people's loneliness, but also provide them with opportunities to participate in collective artistic expression and imagine reality. However, at the same time, memecoins are also facing many controversies. Some people believe that compared with venture capital-backed altcoins, memecoins are more like a speculative tool than a real innovative product.

Lessons and inspiration from failure

Although the memecoin market is full of uncertainty and risks, every failure provides us with valuable lessons. From the collapse of Terra to the plight of Filecoin, to the decline of Axie Infinity, these cases tell us that the cryptocurrency field is not a smooth road. However, it is these failures that prompt us to constantly reflect and improve, and promote the progress of the entire industry.

The significance and challenges of the memecoin supercycle

If memecoins do usher in a "super cycle", then this will undoubtedly be a moment full of opportunities and challenges. However, we can't help but ask: In addition to meeting people's needs, what else can memecoins bring to the blockchain industry? The true value of cryptocurrency lies in giving people freedom, not simply accumulating wealth. Therefore, in the super cycle of memecoins, we should pay more attention to the social significance and value orientation behind them.