Memecoin Madness: What’s Fueling Crypto’s Pre-Weekend Party?

Right, so here’s today’s episode of “What fresh nonsense is the internet pumping with money now?”

Our star performers? The memecoins, obviously. Up a staggering 18.78%, clocking in at a whopping $51.9 billion. That’s right: grown adults are shoveling billions into coins named after dogs, frogs, and at least one anthropomorphic potato. 🐸🍟

If that wasn’t enough, the liquid staking crowd straight-up exploded by 27.06%—that’s $35.1 billion for people who want their crypto locked up, but also kind of… not. Yield, but make it commitment issues.

Meanwhile, the Layer 1s do what Layer 1s do: go up, look expensive, and remind everyone they “believe in decentralization, actually.” Up 19.44% to an eye-watering $609.1 billion. (That’s basically every country’s GDP, if the country was named Blockchainland.) NFTs, that weird corner of the internet where you can own a $20k cartoon penguin, somehow didn’t want to be left out—up 12.58% to $7.1 billion.

Gaming, DeFi, ERC20s, and even stuff no one has time to Google, like Real World Assets and Social tokens? All up. It’s bullish sentiment spread around like free snacks at a tech start-up launch party. 🍕🚀

Why? Because Bitcoin is just chilling above $100K like it’s the most normal thing in the world, investors have the attention span of goldfish in a disco, and every analyst is sharpening their pitchfork for the next “key technical/macro event.” Whatever those even are.

Basically, cue the traders losing their minds. Will this euphoric rocket ride keep blasting off, or are we seconds from a correction so dramatic even your nan will have an opinion about it over Sunday lunch? Place your bets. 🎢

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2025-05-10 07:57