The recent Kaiko report suggests that meme coins, such as Dogecoin and Shiba Inu, have experienced significant price drops this year, with losses ranging from 10% to 70%. However, the popularity of meme coins has not faded completely, as evidenced by the increasing number of meme coin listings on major exchanges. Meme coin trading is profitable for exchanges, as they generate high trading fees and have larger price spreads compared to bigger cryptocurrencies. While U.S. exchanges have been slower to list meme tokens, they are now catching up due to the hype and connections to prominent figures. However, the rapid listing of meme coins comes with challenges, as they often have massive trading volumes that exceed their available liquidity, leading to extreme price swings and wider bid-ask spreads. Despite the slowdown in meme coin hype, their humor, community support, and speculative appeal continue to attract investors, suggesting that meme coins will remain a significant part of the crypto world.



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