According to Odaily, Appchain Noble CEO Jelena Djuric has expressed skepticism about the longevity of meme coins in the market. While acknowledging that the meme coin season is still progressing, Djuric compared their potential lifespan to that of ICOs and NFTs, suggesting that it will not last indefinitely. She noted that it will be interesting to see what happens next as the trend will inevitably come to an end.

As of August 14, CoinGecko has listed 1,673 meme coins with a total market capitalization of approximately $41 billion. Despite the significant market presence, Djuric views meme coins as merely the latest phase of retail investor frenzy in the cryptocurrency space.